Lies, Damn Lies, and Statistics

History of inflation in the US from Jan 1914 -...
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How Inflation Could Be 66% Higher Than the Fed Reports – DailyFinance

Mark Twain was right. As most everyone knows, I’m sort of a numbers guy. I have also had a course in statistics and have used them. They can be useful. The CPI is one you should question and this article tells why. Just this morning at breakfast, my rancher friend Tommy was saying that the price for calves was as high as it had ever been. That is more the reality you and I are experiencing and here’s why: Continue reading “Lies, Damn Lies, and Statistics”