Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Governments always fudge employment figures and inflation lol

You just define your inflation metric to suit normally by ignoring things that have gone up more eg housing and including things that are deflating like say TV's and white goods.



> Governments always fudge employment figures and inflation lol

Some governments might, but governments actually need this information for planning, so ones with even modest levels of transparency are unlikely to do much of it, because it would be too easy to detect if it wasn't the only count, and because it would foul their own planning if it was.

> You just define your inflation metric to suit normally by ignoring things that have gone up more eg housing and including things that are deflating like say TV's and white goods.

Yes, one could in theory do that, but what country specifically does that (with citations to specific supporting information)? Many countries report many different inflation indicators some designed to isolate particular contributions that add noise (either because of high seasonality or high-but-irregular volatility), but they tend to also have measures which include those figures, which tend to be the main figure.


No offence that's very naïve


"Governments always fudge employment figures and inflation lol"

Citation needed.


Thatcher's tory government encouraging doctors to put long term unemployed on disability is well known in the UK.

An the inflation that's direct from some one who works in the ONS in the UK




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: