Saturday, September 02, 2006

Suppose we had a great economy and nobody noticed?

I've been long-winded lately. So I'll take a rest...and let someone else be long-winded on a great topic. With a big hat tip to the Power Line brainiacs, I must recommend you read Americans Hate their Fabulous Economy at Back Talk. The lead paragraph excites me.

Polls consistently show that Americans are rather negative about the economy, and many have wondered why that might be considering that our economy is the envy of the world (as well it should be). The source of our pessimism is a bit of a mystery, and it is one that I am going to pursue. For the moment, I'll simply note that I have identified what may be a contributing factor to our unwarranted despair: reporters rarely use charts, and that allows them to wax poetic about the "jobless recovery," "worrisome signs of inflation," "record setting deficits," and other such nonsense. Charts anchor the mind to the raw data, which makes it hard to use bumper-sticker slogans that mislead (and demoralize) more than they clarify. In any story about the economy, there is never an excuse not to use a chart, but reporters almost never do. [emphasis mine]
It really does excite me. Well worth your time.

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