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IPFS News Link • Economy - Economics USA

Numerical Hat Tricks & Interventions: 'Official' government statistics vs. U.S. economic rea

•, Pye Ian

Credible statistics for such vital economic indicators as the "official" rates of unemployment, inflation and the gross domestic product (GDP) growth rate are vastly different from what is routinely reported by government entities including the Bureau of Labor Statistics (BLS), Bureau of Economic Analysis (BEA), U.S. Treasury and most certainly the U.S. Federal Reserve itself, which practically runs the economy via diktat monetary and fiscal policies with little to no oversight by any formal constitutional branch of the U.S. Government.

Proof of said divergences in data reporting can be found by critically observing the key differences in how said metrics had been measured in decades past by the government versus how they are being measured today, and why.