Post by robeiae on Feb 12, 2019 10:26:08 GMT -5
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.
Anyway, I saw this piece at Forbes and it reminded me of how easy it is for states to "massage" many of their economic metrics: www.forbes.com/sites/stevehanke/2019/02/11/irans-death-spiral-40-years-and-counting/#5a27ef071dff
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.
Anyway, I saw this piece at Forbes and it reminded me of how easy it is for states to "massage" many of their economic metrics: www.forbes.com/sites/stevehanke/2019/02/11/irans-death-spiral-40-years-and-counting/#5a27ef071dff
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.
