Back in the supposed glory years of the Soviet Union--the 50's and 60's--there were many people around the world who were touting the supposed economic miracles of the Soviet economy. Much has been written on this topic, of course, and we all know now (well, most of us) that the Soviet economy involved a lot of smoke and mirrors, that it's production numbers were simply not real, not were many of the other official numbers put out by the Party.
But now--thanks to the internet--there are ways to dig into these metrics. We see it in the US with the unemployment rate, to be sure, but the massaging going on there pales in comparison to what's been happening in places like Iran, as the above piece demonstrates with a couple of easy-to-digest graphs.
Yeah, we've noted www.shadowstats.com/ before. If you make the rules, you can always claim to win the game.
____________________________________________________ Economics puts parameters on people’s utopias. ~Peter Boettke "It's the voter's fault" is victim-blaming in its purest sense. ~Don The 'social contract' is to the politician what 'original sin' is to the priest. ~Don The vision of the helpful and protective state is the most pervasive and counter-productive ideology in the world today. ~Don ____________________________________________________