April 18, 2012
Charles Biderman explains how gullible the public and media are with respect to government statistics. It is difficult to determine how backward the government is with respect to their data collection and how much they want things this way so that they can manipulate the numbers.
It is always enjoyable to listen to Mr. Biderman take the government, the media and Wall Street to task for their stupidity (or willful distortions of reality).
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