NEW VIDEO! Lying With Statistics (Patreon)

Lying With Statistics: How Economists Just Make Stuff Up

This video explains some of the deceptive practices common in the creation of many popular economics metrics & their use, using as some examples the World Bank's International Poverty Line of $1.9 a day, the Maddison Project's Historical GDP Figures, and the Heritage Foundation's Index of Economic Freedom. It also, along the way, explains how to avoid being manipulated by those who lie and misuse such statistics. Support me on Patreon: https://patreon.com/BadEmpanada Follow my Instagram: https://instagram.com/BadEmpanada Become a member on YouTube: https://www.youtube.com/BadEmpanada/join One-time donations: https://ko-fi.com/BadEmpanada Second Channel: https://www.youtube.com/channel/UCjY9R3_6sxfUViabj93Vnhw Sources (in order of first appearance): [1] https://www.worldbank.org/en/topic/poverty/brief/global-poverty-line-faq [2] https://www.worldbank.org/en/news/factsheet/2022/05/02/fact-sheet-an-adjustment-to-global-poverty-lines#1 [3] https://web.archive.org/web/20240104014713/https://www.oecd-ilibrary.org/sites/e20f2f1a-en/index.html?itemId=/content/component/e20f2f1a-en [4] https://www.argentina.gob.ar/sites/default/files/nota_sobre_la_evolucion_de_la_indigencia_y_pobreza_s2_2018.pdf [5] https://www.degruyter.com/document/doi/10.1515/jgd-2016-0033/html [6] https://www.un.org/en/global-issues/decolonization [7] https://www.theguardian.com/global-development-professionals-network/2015/nov/01/global-poverty-is-worse-than-you-think-could-you-live-on-190-a-day#:~:text=He%20calculates%20that%20in%20order,it's%20about%20%247.40%20a%20day [8] https://www.resilience.org/stories/2019-02-04/a-letter-to-steven-pinker-about-global-poverty/ [9] A Brief History of Neoliberalism, David Harvey. [10] China’s GDP Per Capita from the Han Dynasty to Communist Times, Kent Deng. [11] https://www.heritage.org/conservatism/commentary/project-2025 [12] https://www.heritage.org/index/pages/about [13] https://static.heritage.org/index/pdf/2024/2024_indexofeconomicfreedom.pdf [14] https://www.theguardian.com/world/article/2024/jul/19/israels-settlement-policies-break-international-law-court-finds [15] https://www.niskanencenter.org/author/mdarling/ [16] https://libertystreeteconomics.newyorkfed.org/2021/05/womens-labor-force-participation-was-rising-to-record-highsuntil-the-pandemic-hit/ [17] https://fred.stlouisfed.org/series/AHETPI Economic Freedom Ranking $1 a day poverty line $1.9 a day poverty line $2.15 a day poverty line dollar a day dollars per day Maddison Project Historical GDP Data Historic GDP Matthew Darling Matt Darling Real Wages Inflation