Wednesday, September 09, 2009

FALSE ECONOMY and DAMNED LIES:
Some where I read that there are three types of statistics e.g lies ,...badlies , ..and damned lies !
let me tell it in story form : 'Once upon a time' { a good start for any story).. there was or still is a country with a single village and only ten people, They were very poor. .....Some time ,afterwards one of them, young, went to Dubai and after a decade , came back to his village country with million dollar savings and reported it to his govt. Though the other nine persons were as poor as before ,the finance minister of the village-country published that the per-capita income of that village-country was 100,000/-$,per yr/per head. So even though the other nine was still starving ,paradoxically, each one was ,statistically, a lakhpati on $ terms or a millionaire on Rs-value.?
Well, surging ahead in Economy with starving villagers left behind can tell strange stories like 'damned lies' --- pibi

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