Quarterly Journal of Austrian Economics
Author:
Morgan O. Reynolds
Online Publish Date:
Volume 10, No. 3 (Fall 2007) Economists are familiar with the cliche’ “lies, demand lies, and statistics,” which puts statistics at the top of the pyramid of lies. ESPN sports radio personality Colin Cowherd, on the other hand, insists, “People lie, numbers don’t.” Since people create the numbers the line between liars and bad numbers may be