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Lies, Damned Lies and Government Statistics

by Jim Karger, Dollar Vigilante:

My grandmother grew up in the backwoods of Arkansas. She had a fourth grade education and worked in the fields. When she was 12 years old she threw down her cotton sack and took a train to Texas to live with an aunt she had never met. She lived a hard life, never had much of a chance, and yet she was one of the wisest people I have ever known.

She taught me many life lessons that have served me well, one of which went like this: “Jimmy,” she would say as she waved her finger in my face, “most folks will lie even when the truth works better.”
Not a particularly rosy view of humanity, but it was, and is, deadly accurate.

Nowhere is the truth of her admonition better seen than when man is collectivized and given authority. Whether government, corporate or union, the simple fact is that most people are liars. Liars lie. Good liars rise to the top. And when good liars are collectivized they lie more frequently and more effectively. When they have control of the numbers, it makes their deceit more difficult to discover. When they can make up the numbers, it can make unwinding them a near impossibility.

Take the recent unemployment numbers that took the U.S. stock market to fresh three month highs. According to the U.S. Department of Labor, 163,000 new jobs were created in July, 2012.

Read More @ DollarVigilante.com

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