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Forums - General - Is the US lying to itself? Is our economy worse than we know?

I found this video series a while back and found it to be extremely interesting.  I've selected this specific video from the series because it talks about the ways in which we evaluate our economy and how those measures have been bastardized and/or corrupted by adjustments to our measurement methodology. Note that the video starts off a bit slow - stick with it though, the most interesting bits are in the middle and towards the end with the start setting it all up.

Note: This is a ~16 min video, so make sure you have time before starting it.  It is also well worth watching for anyone interested in the US economic situation.

Economics isn't a field I'm as well read as I'd like to be so I'm curious to see what others have to say about it.

 

PS - You really have to watch the video to understand what the thread is about.



To Each Man, Responsibility
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The video stopped for me at 2:38 for some reason and wont go any further. I'll just leave this as a marker and reminder for me to come to and edit later when my netbook decides to play the video.



Ok, now that I'm home and its the early evening (as opposed to the middle of the day when very few people are online), I'm bumping this for more folks to see.



To Each Man, Responsibility

Very interesting



Dear lord... I understood the most of it... but it made my head spin so much I feel like I'm just confused and I didn't really understand it.