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Wednesday, June 25, 2014

Economy Still in Recession

Well, it's getting really hard for government to continue to pull the wool over citizens' eyes: the economy remains in recession. The latest report from the government shows that the economy is shrinking at a -3% rate.

Over the last couple of decades, the truth is that the economy has spent most of its time in recession. The government lies about the rate of inflation, which has the effect of turning a decline into an advance when you do the math. But, when the downturn gets too strong, even the government backs off its lies. Apparently, we have reached that point now.