Venezuela’s 1 million percent inflation and other realities of exponential growth
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Venezuela’s 1 million percent inflation and other realities of exponential growth

Venezuela’s financial implosion is devastating. People are starving. The government is printing money to cover budget gaps. And the IMF estimates that inflation will top 1 million percent. But what would it take to get 1 million percent inflation? Before reading on, take this poll. (If you know the formulas for compounding, please don’t use…

Beware the thumb on the scale of government data

Beware the thumb on the scale of government data

To make decisions, our politicians need data that only the government can collect. Political tampering with that data marks the beginning of the end for fact-based policy — and for a nation claiming to serve the needs of the people. Imaginary facts are bad enough. Cooked statistics are much worse. For me, the most disturbing headline in…