Crash Course: Chapter 16 – Fuzzy Numbers (2 of 2) by Chris Martenson

Chapter 16 (Fuzzy Numbers – Part 2 of 2): Dr. Martenson explores how inflation and GDP are measured, how their measurement has changed over years, and what that means concerning the integrity of these government statistics. Substitution, Weighting, Imputations, and Hedonics and their effects on calculating inflation and GDP are each examined. Dr. Martenson traces the social impact of these shady statistics, and finishes by showing how a dishonest determination of inflation further deforms an already flawed GDP calculation.

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