1.6 times faster = 1 + 1*1.6 = 260% of 1
1.6 times as fast = 1*1.6 = 160% of 1
Substitute "100%" or "160%" in place of of "1.6 times" to hear it better.
Hence the phrase "twice as fast" - meaning x*2 = 200% of x.
Also, hence the phrase "10% (for, example) faster" - meaning x + x*.1 - meaning 110% of x.
People who say things like "Two times faster" when they mean "twice as fast" are speaking incorrectly.
Edit: Shit, there's a whole new page explaining this already. Will click next, next time.
this debate is absolutly fraking hilarious ! economist attempt to know if they should buy title or something ???