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Statistics can hide or not capture a lot too. That’s the thing we should be talking about and not enough people looked at hard enough. Stancil isn’t wrong per
by no_wizard 2y ago
Statistics can hide or not capture a lot too. That’s the thing we should be talking about and not enough people looked at hard enough.
Stancil isn’t wrong per se, he’s quite right in many respects but I don’t know that his work captures the many facets of what is (and was at the time) going on
- astrange 2y agoIt's not a statistical problem. Economic statistics like that aren't complicated indirect calculations, they literally just call people up and ask how they're doing. I saw one argument that people didn't like high interest rates, but if everyone is saying they are doing fine but have heard other imaginary people are doing badly, that most likely means they've picked up bad vibes from the media.