John Williams: GDP, govt stats are BS!
November 18th, 2011
Are published government economic statistics meaningless? Reality-facing economist reveals the invalidity of using GDP (Gross Domestic Product) as a legitimate measure of the US economy’s health. Misleading unemployment numbers are also attacked. Is there an agenda behind using these faulty indicators or is it just ignorant tradition?
More on John Williams:
- ShadowStats.com Shadow Government Statistics
Analysis Behind and Beyond Government Economic Reporting - John Williams mentions on The Economist
- Financial Doom Blog John Williams – GDP is a nonsense Number
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