July 27th, 2024

Lying with Statistics: How Economists Just Make Stuff Up [video]

The video critiques the reliance on graphs and metrics in arguments, questioning the World Bank's poverty line and advocating for a critical examination of data rather than accepting statistics uncritically.

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Lying with Statistics: How Economists Just Make Stuff Up [video]

The video critiques the reliance on graphs and metrics in supporting arguments, specifically addressing the World Bank's international poverty line and the impact of inflation on economic data. It challenges the adequacy of defining extreme poverty solely through income levels and questions the effectiveness of a global poverty line for comparing poverty rates among various countries. The speaker advocates for a more critical examination of data, urging viewers not to accept statistics without scrutiny.

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