Sunday, March 10, 2013

Statistics lie...

...and liars use statistics.

Thomas Sowell makes a very important point regarding economic mobility.
Most working Americans who were initially in the bottom 20 percent of income-earners, rise out of that bottom 20 percent. More of them end up in the top 20 percent than remain in the bottom 20 percent.
This point is lost when you use statistics to prove the opposite.

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