Laudato Si
I love learning about economics, especially in a way that the layman can understand but often does not think. We see or hear or read numbers about the poor, the wealthy, taxes, government budgets, and so on, but it isn’t often that they are presented in a way that actually gives us the whole picture, without the bias or slant of someone who wants you to think a certain way. Statistics can be presented with an agenda and in a way that would make anyone upset about different people’s plights.
Which is why I found an enlightening set of videos on youtube worth posting here…
Are we running out of natural resources?:
Can we balance the budget by raising taxes?:
This one is definitely counter-intuitive, but it is true. Studies have shown that as a percentage of GDP, tax revenue is around 20% no matter what the tax rates are…
What does the rising cost of healthcare buy us?:
Does stimulus spending work?:
(Related):
And finally, though not part of the same series…
Lies, Damn Lies & Government Statistics: How Bureaucrats Use Numbers to Manipulate Us: