Friday, July 25, 2014

Statistics tell a story of lies

Statistics can be used to tell a false story.  We have heard that many times and experience it personally.  Two lies  the government uses are for unemployment and for infllation,  The government puts out an unemployment  rate around seven cent while the number of jobless may be as high as 24 per cent, a higher rate than during the Great Depression.

Another number that I think is deliberately false is for inflation.  The administration claims a rate of around two per cent.  But have you bought gasoline or groceries?  That cereal you just bought; the box is smaller and has more space than cereal.

Worst of all, we have only 86 million people working to support a population of  over 300  million.  How long can that last before the economy crashes?

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