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<p>[QUOTE="fatima, post: 1303600, member: 22143"]I don't deny these facts at all as it has nothing to do with the National Debt discussion. But what you provided does prove exactly what I said. Your example is understandable because the absolute numbers are provided. If however you had simply said the cost to buy bread has dropped to 50% of that in 1900, the party has no idea what you are talking about. Was it because salaries rose a lot faster than bread costs or is bread making extremely cheap now, etc.? This is why you have to have the underlying data before the statistic makes sense. </p><p><br /></p><p>A more real life example. The government says that unemployment dropped from 10.5% to 10%? It sounds good, but without the data, you have no idea if it is good or not. Is it because they stopped counting people because they gave up looking in a hopeless economy and thus the labor force dropped, or does it mean more jobs were created. No way to tell. This is why I said that statistics are useless without knowledge of the data.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1303600, member: 22143"]I don't deny these facts at all as it has nothing to do with the National Debt discussion. But what you provided does prove exactly what I said. Your example is understandable because the absolute numbers are provided. If however you had simply said the cost to buy bread has dropped to 50% of that in 1900, the party has no idea what you are talking about. Was it because salaries rose a lot faster than bread costs or is bread making extremely cheap now, etc.? This is why you have to have the underlying data before the statistic makes sense. A more real life example. The government says that unemployment dropped from 10.5% to 10%? It sounds good, but without the data, you have no idea if it is good or not. Is it because they stopped counting people because they gave up looking in a hopeless economy and thus the labor force dropped, or does it mean more jobs were created. No way to tell. This is why I said that statistics are useless without knowledge of the data.[/QUOTE]
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