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Lies, Damn Lies, And Government Statistics: Part II

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.

productivity [4]
Source: New York Times