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"One should either write ruthlessly what one believes to be the truth, or else shut up."

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Thursday
Apr252013

GDP Mess

DateThursday, April 25, 2013 at 5:00AM

As you probably did not notice the government is changing how it calculates GDP. There have always been some anomalies in GDP. When one of my friends married his nanny, GDP went down by the amount of the salary that he no longer paid. But is it a coincidence that the changes that are being made will increase GDP? Was it a coincidence that the changes that were made to the calculation of CPI made twice over the last 30 years decreased the stated inflation rate? I will leave the answer to you to supply.

If you are interested in the details of this change you can watch this rant from Peter Schiff.

Author[Positive Dennis] | CommentPost a Comment |
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