Hey Dystopic, Wikipedia has a fairly accurate, albeit very technical, explanation of inflation. http://en.wikipedia.org/wiki/Inflation Since you're a student you can also just go to the University bookstore, pick up an introductory economics textbook, and read the chapter on inflation. My university had a 2 week returns policy, don't know about yours.
i don't know if you missed this, but i trained as a sociologist. i know statistics quite well. While commendable, you still need to be careful when using economic statistics, as it seems that you don't know the conventions with which they are prepared. misleading? to whom? the problem with a lot of economics training is that it's overly focused on things from the top down; statistics are tools for a
Hi everyone, Usually I don't pipe up in these debates, but it bothers me when people use statistics without understanding them. All me to introduce myself. I'm a Finance and Economics graduate from Canada and I now work in the video games industry (Threewave Software, we make FPS games) as a finance professional. Dystopic, the first graph you use looks misleading because it shows absolute amounts, and not growth rates. It's true, the bottom percentile grew by a pitifu
