Tuesday, May 20, 2008
Megabubble Soon To Burst
MarketWatch: Numbers Racket Exposes Potential Disaster For Economy
If Washington's harping on weapons of mass destruction was essential to buoy public support for the invasion of Iraq, the use of deceptive statistics has played its own vital role in convincing many Americans that the U.S. economy is stronger, fairer, more productive, more dominant, and richer with opportunity than it really is. The corruption has tainted the very measures that most shape public perception of the economy, especially three key numbers, CPI, GDP and monthly unemployment statistics
Posted by yoyo1 @ 04:21 PM (312 views) Add Comment
1 Comment
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1. icarus said...
"....wage great wars at great cost, wasting vast resources, taking on huge debt". Yep, the wars are fought to get rid of dictators and to install democracy and they are paid for by....the Chinese dictatorship.