The Welfare State Con Game

Thomas Sowell,

Passing Thoughts: Try Finding Honesty In Banks, Vocational Ed Or Politics

The welfare state is the oldest con game in the world. First you take people’s money away quietly and then you give some of it back to them flamboyantly.

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Shadow Stats Snapshot


ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    BLS: 4.7%
    Shadow Stats: 22.7%
  • Inflation:
    February Year-to-Year: 2.74% (CPI-U*)
    Shadow Stats: 10.5%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]