Five lies about the American economy

This is a great article by Tim Cavanaugh at Reason Magazine. It says that the idea that our economy is recovering is bullshit. I would agree but you should read the whole thing and make your own judgment.

The ongoing recession has raised a troubling question for otherwise resurgent Keynesian economists: How can the American economy keep getting worse under the intensive care of an interventionist economic team almost universally praised for its brilliance? The answer may be that the Obama administration is dealing with a fictional economy, one that bears little resemblance to the economy the rest of us inhabit. And when the difference between fact and fiction becomes too apparent, they just make stuff up.

Excellent article.

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