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Mark Sunshine to Peter Schiff: "Peter, do you really not trust the data that the government...

  • Thursday, June 18, 2009, 1:21 PM ET
    Mark Sunshine to Peter Schiff: "Peter, do you really not trust the data that the government publishes? Do you think that Treasury, the Fed and the BEA are like the Iranian election commission?"
    Schiff: "I think government data is compiled to create a false sense of prosperity so that politicians can claim credit for growth that is not real and be more easily reelected."
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This news story has 8 comments:

  • I really hope Sunshine wasn't really serious with that question.
    18 Jun 2009, 01:29 PM Reply Like
  • one can make statistics say what ever point there trying to make and we are all biased one way or another .
    18 Jun 2009, 01:29 PM Reply Like
  • Follow the big money when trading the market regardless of government statistics.
    18 Jun 2009, 01:53 PM Reply Like
  • I am so surprised that so many economists, like Mark Sunshine, are either stupid/clueless or work for the government instead of independently.

    Peter Schiff: You did a good job!
    18 Jun 2009, 01:57 PM Reply Like
  • It makes you wonder whether "Sunshine" is his real name.
    18 Jun 2009, 02:00 PM Reply Like
  • Data....Ha! As the famous quote says, "there are lies, damn lies, and statistics." And as John Williams questions , "Have you ever wondered why the CPI, GDP and employment numbers run counter to your personal and business experiences? The problem lies in biased and often-manipulated government reporting."
    18 Jun 2009, 02:23 PM Reply Like
  • Government statistics are like sausage. Tastes great, just don't ask how they get made...
    18 Jun 2009, 03:47 PM Reply Like
  • Writers use lies to tell the truth while politicans and government using statistics to cover the lies.
    18 Sep 2009, 12:41 AM Reply Like
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