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The Real Economic Picture


Paul Craig Roberts
Thursday, February 2, 2012

If you have any money and you want to understand the lies that “your” government tells you with statistics, subscribe to John Williams

John Williams is the best and utterly truthful statistician that we the people have.

The charts below come from John Williams Hyperinflation Report, January 25, 2012. The commentary is supplied by me.

Here is the chart of real average weekly earnings deflated by the US government’s own measure of inflation, which as I pointed out in my recent column, Economics Lesson 1, understates true inflation.

The Real Economic Picture 11 580x388

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