Official Economic Statistics: The Emperor’s Clothes are Dirty
By Robert Higgs
This article appeared in the Summer 1998 issue of The Independent Review


Official economic statistics are poorly defined, imprecise, and incite envy and pernicious policy. Economists lament their decreasing availability, but this trend may turn out to be good for people’s pocketbooks and peace of mind.

Other Independent Review articles by Robert Higgs
    Fall 2015   How Big Is Government in the United States?
    Summer 2015   Gross Domestic Product—an Index of Economic Welfare or a Meaningless Metric?
    Spring 2015   Compassion—a Critical Factor for Attaining and Maintaining a Free Society
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