Krugman on median and average

Posted on Wednesday 5 February 2003

I actually hadn’t noticed Paul Krugman’s latest entry on his website before I posted yesterday’s comment on the OMB’s website, but he makes the same point I did, further adding that 45 percent rise over five years is not 45 percent growth. (It’s more like 7.5%). It’s hard to imagine that any previous administration’s budget numbers were so blatantly manipulative.


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