Exaggerating China’s military spending, St. Louis Fed breaks all statistical rules with misleading graph – Geopolitical Economy Report

January 24, 2023

Exaggerating China’s military spending, St. Louis Fed breaks all statistical rules with misleading graph – Geopolitical Economy Report:

In an attempt to grossly exaggerate China’s defense spending, and simultaneously downplay the US military budget, the Federal Reserve Bank of St. Louis published a jaw-droppingly deceptive graph.

If a student presented this in a statistics 101 class, the teacher would likely give them an F. But because it involves Washington’s public enemy number one, Beijing, the US regional reserve bank was awarded a Golden Star for exemplary service in the New Cold War.

military spending graph with different scales on right and left axis

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