GDP: A Tsunami of Bad Information

Monday, February 1, 2010, 5:11 PM
Enroll NowFor enrolled members only. Enroll or Sign in to read the full article.

One of the things that I constantly harp on is that we need to change the stories that we tell ourselves.  GDP is one of those stories.

We tell ourselves a simple tale, and it goes like this:  A rising GDP is a good thing.

But with a slight bit of inquiry, we could discover the many ways that this story is more myth than fact.  First, we might discover that we routinely pad the tale with so many statistical distortions (“Fuzzy Numbers”) that the narrative not only loses its way, but becomes hopelessly misleading.


Enroll Now
Or Sign In with your enrolled account.
Endorsed Financial Adviser Endorsed Financial Adviser

Looking for a financial adviser who sees the world through a similar lens as we do? Free consultation available.

Learn More »
Read Our New Book "Prosper!"Read Our New Book

Prosper! is a "how to" guide for living well no matter what the future brings.

Learn More »


Related content

11 Comments on GDP: A Tsunami of Bad Information

Enroll now or Sign In to read all member comments.