Go to the prequel of this post Lies, Damn Lies, And Government Statistics: Part I [1]
And here is another post of the same topic concerning PPI Well, Maybe The Inflation Threat Is Not That Bad After All? [2]
…After I finished my post on this topic last Friday, I came across yet another significant statistic that we should be uncomfortable with. Daniel Gross wrote an excellent article on productivity [3] stats that suggests that the stats have even confounded Greenspan.
[4]
Source: New York Times