The Math
Monday 22 April 2013 - Filed under Uncategorized
I’m no economist. But I do know that changing the math does not change reality. CNBC:
The U.S. economy will officially become 3 percent bigger in July as part of a shake-up that will for the first time see government statistics take into account 21st century components such as film royalties and spending on research and development.
Billions of dollars of intangible assets will enter the gross domestic product of the world’s largest economy in a revision aimed at capturing the changing nature of U.S. output.
You can fudge the math all you want, but changes on paper do not equal changes on the ground. The economy is still fucked regardless of how much you dick around with the formulas.
2013-04-22 » madlibertarianguy