How macroeconomic statistics failed the US

This is a very interesting article on the poor quality of current macroeconomic data about the US economy…and how it altered decisionmaking on our current financial crisis. The article also points out the broader social issue of how we as a society ‘value’ work – both financially and in terms of social prestige. In essence, the value of those who compile our social statistics has fallen…and so has the qualities of the data.

The article