Showing posts with label cooking the books. Show all posts
Showing posts with label cooking the books. Show all posts

Tuesday, December 2, 2008

Hiding a Recession

Creative Number Crunching

Republicans cooked the books in the election run-up.
The government bureaucrats plug data into models that simulate economic activities.
The published statistics are estimates based on estimates.
Any competent statistician or economist can massage the output to match his boss's expectations.