Monday, May 16, 2011
Shadow Government Statistics...
Here's a fascinating site whose objective is to undo all the obfuscation the U.S. government has applied to its financial statistics. Key indicators (such as the unemployment rate), when they move in a politically unsavory direction, tend to be “reformulated” to paint a rosier picture. One side effect of this is that it's almost impossible for us to compare statistics today to past statistics. This site computes today's statistics the same way they used to be computed, to give us a consistent picture. For example, if the unemployment rate were computed today the same way it was in 1990, it would be about 16%, not the 9% being reported today...
Labels: Big Government, Statistics
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