ABOUT TOM WOODS

Thomas E. Woods, Jr., is the New York Times bestselling author of 11 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
    http://www.thfire.com/world/europe/ship-with-700-tons-of-gold-ore-missing-17715

  • 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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