Man in a Shed: A word on stats

Saturday, January 23, 2010

A word on stats

http://www.phdcomics.com/comics/archive.php?comicid=1271

Needless to say it applies in the UK also. Jorge Cham writes one of the best niche cartoons out for University Graduate students - if you want to know what working in research is really like, go over and check out his work.

2 comments:

Mark Wadsworth said...: Ah yes, but how many people don't even bother to choose "Yeah, whatever, don't care"?

I once did a Fun Online Poll asking whether people took part in Fun Online Polls. A third voted 'yes' and two-thirds voted 'no', but how many more didn't even bother to vote 'no'???; 11:54 am
Demetrius said...: Good one. Interestly where does this put YouGov and Simon Kelner?; 3:28 pm

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The pound in your pocket

"We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists." James Callaghan

“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.

"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920.

"To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.

Inflation is taxation without legislation .. Milton Friedman