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Daily Archive for August 4th, 2011

Worst AP Article of the Week

Posted in Economic Illiteracy, Welfare State on Aug 4th, 2011

Is this one. And that’s an achievement. Rather than rant, here’s just a few of the goodies: Recent estimates show 49 million Americans make food decisions based on cost, she added. Right, so the other 261 million Americans have food handed to them. And there is no reason to believe that these 49 million are […]

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Understanding the Genie in the Bottle, Volume III

Posted in Inequality, Methodology on Aug 4th, 2011

There are four broad classes of measures used to capture, via a simple summary statistic, what an income distribution “looks like” and how it changes. In a country of 310 million people it is easy to understand why we rely on such summary statistics. But as with all statistics, we ought to be very careful […]

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