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Egregious Heritage Foundation OpEd on job stats in NYT [View All]

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swag Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Apr-06-04 11:55 PM
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Egregious Heritage Foundation OpEd on job stats in NYT
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This guy's spouting standard Wall St. Garbage re: "the Payroll Survey." Greenspan kicked his basic argument right in the nuts a few weeks ago, but why let sound statistical analysis get in your way. Anyway, here's one piece of stale white bread who knows which side he's buttered on:

http://www.nytimes.com/2004/04/07/opinion/07KANE.html

Excerpt:

Unemployment has been very low and is now near what economists call a "natural" rate.
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