Friday, November 2, 2007

US Economy Grows at 3.9% ...More Proof That Numbers Lie

Here’s good news, dear reader. The US economy grew at a 3.9% rate in the third quarter. Numbers don’t lie, do they?

Ha! Numbers are the biggest liars on the planet.

Have you noticed how the whole world has been taken over by numbers? We live with them every day. They seem so precise…so confident…so sure of themselves. The US economy did not grow “a little bit”. It did not expand “slightly”. It is not now just “somewhat larger” than it was a year ago. And it’s not even growing at a 3% rate…or a 4% rate. It’s growing at a 3.9% rate.
The older we get, the more suspicious of numbers we’re becoming.

A man today knows his PIN number, his telephone number, often his fax number, his credit card number, his cholesterol number, his street number, his postcode…digits, digits, and more digits! He’s likely to know batting averages of his favourite players…and how much his portfolio increased last year…not to mention the standard numbers of a general education – how many states are there, how many members of Congress, what is the boiling temperature of water, what is the speed of light…how many times can you get a speeding ticket in the state of Georgia before they take away your licence…and so forth.

Some of these numbers are useful. Many are empty frauds.

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