Quotation of the Day…

by Don Boudreaux on March 27, 2013

in Data, Inequality

… is from page 22 of Alan Reynolds’s important 2006 volume, Income and Wealth:

Measuring the growth of incomes or the inequality of incomes is a little like Olympic figure skating – full of dangerous leaps and twirls and not nearly as easy as it looks.  Yet the growth and inequality of incomes are topics that seem to inspire many people to form very strong opinions about very weak statistics.

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