There was a time, remembered now mostly among the elderly, when you could, as the saying was then, take the word of the U.S. government to the bank. When the government was tempted to lie, the “fifth estate” as the media then styled itself, took it upon themselves to report the truth. With that hovering over them, government folks mostly spoke true, though individual politicians lied. Rather more carefully than they do now, though.
With that background, the unquestioning belief in government reports by both business and individuals can be understood. It was with time, so ingrained that the descendants of those citizens today still mostly believe they should accept government reports at face value. Do you share that belief? Do you think for instance, that unemployment is in fact, 6.7% and that inflation is “tame” at February, 2014’s 1.10% rate?
Well, you likely believe that you can keep your doctor, too. Shadowstats. com computes reports the way the government used to do it; it shows unemployment over 20% and an inflation rate over 8%. This graph from the Federal Reserve pictures the numbers of folks remaining in the workforce over time. It makes an interesting comparison to the Department of Labor’s unemployment rates, seems to us.
If you’re running a business or a country, those sorts of differences matter. Even if you’re running a single household, for that matter. How can we plan our affairs when the President is a serial and unrepentant liar? When the top guy lies like a rug, what do you expect from his minions? Are they going to make their boss look bad by telling the truth? Edward Snowden increasingly seems to have done that and now has to rely on Russian “charity.”
Big international corporations can afford their own data collection or use private research; most small businesses are with the citizens, stuck with the data we pay the government to supply. But most of the data these days makes the government look bad if it is truthful so the data follow the government line. Check your own bank account for evidence of reality..
The Founders’ Judeo-Christian principles assumed that lying is an evil; so also does our common law history that is a part of that. How indeed may we have international commerce or even, local trade if some degree of honesty can not be assumed? But today’s “ethics” no longer value honesty that we once took for granted; “truth” is now relative. So, our leaders invent their own “truths” to suit their various purposes without a qualm. And they make sure that the various published truths from their minions are supportive. Which in turn, assures that we cannot rely upon such once believable, truths for our own, different purposes any more.
That alone is a massive reduction of the productivity of the American economy. And that’s the truth, believe it or not … But it’s okay, you don’t have to believe us. That Americans can’t handle the truth, is well known in Washington; David Stockman (Ronald Reagan’s Budget Director) even wrote a book about it.