The Reality of Socialism
“Socialism has no theory of wealth creation; it's just a destructive, envy-driven fantasy about redistributing it after something else (and somebody else) creates it first.”
-- Lawrence Reed,
The Foundation for Economic Education
Numbers as of last Friday close.
[Total = Federal, state & local Source: usgovernmentspending.com]
What is Gross Output?
Why are these numbers important?
ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.
*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]