Friday, September 01, 2006

Won't Get Fooled Again

There's nothing in the street
Looks any different to me
And the slogans are replaced, by-the-bye
And the party on the left
Is now the party on the right
And the beards have all grown longer overnight

From "Won't Get Fooled Again" by The Who

As most of you know by now, I consider myself a libertarian. I don't trust politicians of any party; I think they are all pretty much the same. Another thing I don't trust are government economic statistics. Our government naturally wants the economic stats to look good -- especially before an election. Here's an article at Mises Institute about how the government manipulates the inflation numbers. This article doesn't even delve into things like hedonic adjustments that further distort the numbers, but it will at least give you an idea of how they manipulate the numbers and why. Read the entire story by clicking on the title of this post.

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