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Pie Factory Says Figures Don't Lie; Economists Say Liars Do Figure

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The old saying is that “figures will not lie,” but a new saying is “liars will figure.” It is our duty, as practical statisticians, to prevent the liar from figuring; in other words, to prevent him from perverting the truth, in the interest of some theory he wishes to establish. Carroll D. Wright




A representative of the Pie Factory in Florence, one in a chain of two, has written a letter to the editor of the TimesDaily asking citizens to support the proposed new downtown hotel. He quoted figures from a study on the effects of the project. As with Inspiration Landing, these are best case scenarios. Look how well that has turned out.

Can we all say slippery slope? What happened when we lent 400K to a local developer ten years ago.? Can you say lost it all?

How about James Bobo Jr.'s need for a financial contribution to build on the old Sears/Martin property? Just to be fair shouldn't we help him also. After all, he is a Florence native and well-liked.

Above all consider: If you suddenly had 70 million in funds in your bank, would you co-sign for Eugene Sak's project? No? Then whey should the City of Florence risk everyone's money by doing so?




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