Sunday, September 14, 2008

Steve Dore: Pollyanna Creep

Wikipedia wrote:

Pollyanna Creep is a phrase that originated with John Williams, a California-based economic analyst and statistician. It describes the way the US Government and affiliated agencies have modified the way important economic measures are calculated with the purpose of giving a better impression of economic development. This is a clear reference, in a sarcastic way, to Pollyanna's proverbial optimism. John Williams and other economic annalists, such as Kevin P. Phillips argue the such manipulations distort the perception of electors and economic actors and have ill effects on political and investment decisions.

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