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Politics : Ask Michael Burke

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To: Knighty Tin who wrote (88911)1/27/2001 6:29:18 PM
From: yard_man  Read Replies (1) of 132070
 
I agree with this fellow concerning a good part of the BLS statistics (productivity, CPI and PPI are defintely whatever the statisticians want them to be) -- it's not so much that they are lies -- but just that they don't tell you anything useful or real about the economy.

Even deflators for specific industries/sectors (which I spent a lot of time looking at in a former job) are rife with problems

mises.org
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