“Over eons, small creeks can carve large canyons through solid rock. The same phenomenon may be at work in our economy. A minor, but persistent under bias in the inflation gauge used in the Gross Domestic Product (GDP) may have created a wildly distorted picture of our economic health.”
http://www.europac.net/commentaries/gdp_distractor
Related posts:
Gun Ownership: American Exceptionalism
They Can Do That?! 10 Outrageous Tactics Cops Get Away With
Keep Families Together: An Anarchist Christmas Message
Bill Bonner: There Is No Security in Bonds Right Now
Obama's False History of Public 'Infrastructure' Investment
Sutton’s Theory of Elite Action, Applied To ISIS
America's Social Recession: Five Years and Counting
Cowardice Redefined: The New Face of American Serial Killers
Admit It. You Just Want Your Own Dictator
Anthony Gregory: The Standing Army Marches On
Hayek to Satoshi and Beyond
Peter Schiff: Soon in America, retirement will be as rare as a single income household
The American Surveillance State Is Here. Can It Be Evaded?
Will China Rescue the Global Economy?
Ron Paul: Government Policies Hurt Low-Wage Workers