• Economic Facts or Fictions?
  • May 19, 2003 | Author: Karl B. Friedman
  • Law Firm: Sirote & Permutt, P.C. - Birmingham Office
  • Most of the basic information involving economics is statistical, and most comes from organizations and entities within the federal government. The publications speak of the gross national product, the balance of trade deficits, inflation, interest rates, consumer purchasing, budgets, unemployment, and some assumptions and projections. It then becomes the burden of the economists to interpret, add philosophy, make further assumptions and project anticipated results.