Tuesday, August 12, 2008
GDP and CPI
Everything you need to know about these fraudulent macroeconomic statistics is wonderfully explained on this video. Even those of you who usually skip my *economic* posts will enjoy it.
If that little clip isn't incontrovertible proof that macroeconomics is a junk science, then I don't know what would be. When you are done watching the video, I want y'all to contemplate how much time, energy, and money (taxpayer) Greg Mankiw and his ilk have wasted running regression analyses on all this meaningless, politicized data.