Look at this diagram. Do you understand it? Tell me what you think it means in the comments section.

via www.informationisbeautiful.net
Statistics are supposed to be able to speak for themselves. They don't, though, really. I mean, even when it is explained what a billion dollars is, what does the concept "a billion dollars" actually mean? Who really understands economics?
HOW MANY CD's IS THAT, EXACTLY?
My wife tends to work out the value of something in CDs. If you rate a CD at £10 (and right away, our figures are outdated), then a new top might cost the equivalent of 3 CDs. Get one, miss out on the other. It works when looking at comparable luxury items. But what about a meal out? How do you quantify the value of a nice evening with friends? 4CDs? It's a different kind of pleasure, with different anticipation and memory, which in themselves are types of pleasure. Already it's breaking down as a unit of measurement.
And what about getting new tyres for the car? 5CDs? This has to be measured against negative propositions...what would the cost be if I had a blow-out at 70mph? How much is hiring a hearse, these days...and how often do they change their tyres?
Comedian George Carlin has a curiously incisive understanding of the true nature of economics. In the end, it's all just "
stuff". (NSFW)
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