One of the most frequently asked questions is whether the government manipulates economic data. I caught up with Greg Ip – The Economist U.S. Economics Editor and author of The Little Book of Economics — to get some answers …
Damien Hoffman: When I see these government stats like GDP reaching 3.2% or I see the unemployment rate, should I be skeptical of some of those numbers or should I genuinely see them as good indicators? Is Bernanke tweaking those or the BLS? That’s something that tends to have gotten spread around a little bit in the downturn.
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