Official economic data are often wrong, but subtly so
Sometimes manipulated, more often expressing half-truths, and mostly misinterpreted: economic statistics are never an absolute truth.
Sometimes manipulated, more often expressing half-truths, and mostly misinterpreted: economic statistics are never an absolute truth.
Inflation never disappeared; it is only misstated. Its true definition would be the loss of purchasing power suffered by revenues not indexed to stock markets. This two-tiered purchasing power is bad for growth.