“How it is possible for the economy to have been in recovery since June 2009 (according to the National Bureau of Economic Research) and there are 1,277,000 fewer jobs today than existed six years ago prior to the recession? How has real Gross Domestic Product recovered when jobs and real consumer incomes have not? These are among the many questions that go unasked and unanswered. Statistician John Williams says that the economic recovery is a statistical illusion created by deflating nominal GDP with an understated measure of inflation.”
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