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

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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 … Continued

Beware the thumb on the scale of government data

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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 … Continued