Friday, March 24, 2006

Harold Meyerson on economy

Hugh catches a guy writing an article on how bad things are while his paper tells a different story. It is pretty funny. Go have a look.

The more bizarre thing to me is what does an "average" household income tell us? Not a lot really. A median household income would not tell the whole story but would be much more illuminating. An average doesn't tell us if the rich are getting really rich while the rest of us lag or if the majority of folks are doing better. But then, as I always say, I think it is forbidden for journalists to study mathematics.


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