Thomas E. Woods, Jr., is the New York Times bestselling author of 12 books, including The Politically Incorrect Guide to American History and Meltdown (on the financial crisis). A senior fellow of the Ludwig von Mises Institute, Woods has appeared on MSNBC, CNBC, FOX News, FOX Business, C-SPAN, Bloomberg Television, and hundreds of radio programs... (Read More)

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What’s Driving the GDP Figures?

29th October 2012      by: Tom Woods     

Government spending, not a healthy economy, says Shawn Ritenour.

Unlearn the Propaganda!

  • http://www.facebook.com/tmiddlecamp Troy Middlecamp

    That last line is priceless.

  • http://rosarynovice.stblogs.com/ Augustine

    Not only that, but had the BEA used the highly massaged CPI of the BLS at 2.1% instead of its own, much more highly massaged index of 1.6% for inflation, there’d have been no GDP growth. As a matter of fact, a figure that all who have to earn a living would be able to tentatively agree on.

  • RobertvdL

    Is it because of the ‘healthy economy’ gold is down or because somebody just found 700 tons of gold

  • Evgeny

    careful – that 700 tons of golden ORE, not gold.

    Golden ore is primarily – just a stones with little golden inserts in it.

    If you can extract 1-7 tons of golden out of 700 tons of ore it will be very good result.

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