In this Crash
Course video chapter called Fuzzy Numbers, you will learn
how our official economic statistics are based on deeply misleading,
if not provably false, data. Our economic recession, and possibly
depression, can be partially explained by the extent to which we
have chosen to provide ourselves with misleading economic data.
Certainly if you share my concerns over stocks, bonds, and 401K
holdings, or are a serious investor of any sort, you owe it to yourself
to listen to this explanation of how wrong our measures of inflation
and GDP really are.
In Fuzzy Numbers,
we will examine the ways that our measures of inflation and Gross
Domestic Product, or GDP, are flawed, using charts of inflation
and GDP as well as other easy-to-understand graphics. This chapter
will help you understand inflation and GDP and how our national
obsession with misrepresenting them to ourselves has led us to the
edge of a recession and possibly depression.