… about the collapse of the economy.
The 50 things aren’t really news to people who’ve been watching closely. But the article is sharp and it’s fascinating that bits of libertariana and free-market economics are sneaking in to relatively mainstream econ stats, these days.
Take fact #16, for instance — inflation as measured from 1970 to the present and 1913 to the present. A lot of readers might think nothing of the use of 1913 as a base year for counting inflation. Wouldn’t notice, wouldn’t question. But you and I know why that year matters. And what if a few others start asking, “Why measure from 1913?” and start looking for the reason?
They might just start getting a little bit angrier, and a little bit wiser, when the Bernakistas assure us that “inflation’s not a problem, only food and energy are going up.”
(And don’tcha just love that? Marie Antoinette probably never actually said, “Let them eat cake” when told that the peasants had no bread. But the Bernanksters seem to figure it’s not a problem if the peasants can’t eat either bread or cake. After all, the peasants can still buy inexpensive computers. And golly, look how cheap real estate’s getting! “Let them eat McMansions!”)