Tag Archives: innumeracy

MAGA Math

An article by Lee Moran in Huffpost is rather remarkable.  Apparently someone failed grade-school math.  I wonder how he got through medical school, especially the pharmacology course.

“NBC News’ Kristen Welker on Wednesday asked Mehmet Oz — the former talk show host and heart surgeon who now runs the Centers for Medicare and Medicaid Services — about President Donald Trump’s repeated claim, mockingly dubbed “MAGA Math,” that he’ll get pharmaceutical companies to lower drug prices by more than 100%. Continue reading

The Percentage Trap

Twitter comments to the recently released GDP growth numbers for the Third Quarter reminded me of an old trap regarding percentages.  The financial and technical articles were accurate, but the comments by Twitter users often reflected the pitfall.

After a Second Quarter annualized US GDP fall of about 33%, the Third Quarter showed a gain of about 33%.  So some commenters thought the gain canceled the previous loss.

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