On blowing figures out of proportion

Headlines such as this strike me as potentially rather misleading.

While things are quite bad economically at the moment, it nonetheless seems dubious to lump figures from seperate years into some purported “gross” revenue shortfall when most readers would be more attuned to thinking in terms of single-year increments.

More broadly, while I generally support much of the Rudd Government’s economic stimulus packages so-far , I do think that some alarmist rhetoric which has eminated from it has been irresponsible.  When “animal spirits” are at stake, governments generally ought do what they can to soothe market sentiment.

Advertisements

Leave a comment

Filed under Economics, Government, Political

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s