Economics @ ITT

5 Government Statistics You Can’t Trust

Posted in economics, macroeconomics by ittecon on April 28, 2011

As pattern-seeking creatures, statistics have a peculiar hold on our minds. Quite a large number of decisions are undertaken on the basis of what statistics tell us. That is certainly true when it comes to government economic data and the blizzard of stats that come out every month; billions of dollars worth of value appears or vanishes on the basis of what these numbers say about the health, growth and direction of the economy, and the implications for company profits, interest rates and so on.

Article: 5 Government Statistics You Can’t Trust


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