There has obviously been a lot of juking the economic numbers to make the economy look better than it is, but this report from the Brownstone Institute explains that systemic flaws in how economic statistics are generated account for some of the disparity between the statistics and our observations.
This study corrects bad inflation data and merges that with output — to show that we’ve been in recession 2.5 years already! It furthers reveals the devastation of the Covid response. https://t.co/i0MUCCq6hq via @brownstoneinst pic.twitter.com/koqaqWCPUp
— Jeffrey A Tucker (@jeffreyatucker) October 9, 2024
As I have said several times, the relatively new Brownstone Institute has become indispensable. You should follow them and Jeffrey Tucker on Twitter/X to get a steady stream of important reads.
So, what’s wrong with the statistics other than political manipulation? Let them count…
