John Williams of ShadowStats concisely summarizes all you need to know in his reaction to the recently revised GDP data: Economic Data Will Get Much Worse. The kindest thing I can say about a stock market that rallies on the “stronger than expected” news that annualized growth in second-quarter GDP [...]

I have always been an admirer of the work of John Williams of shadowstat.com. He has been ahead of the curve consistently in terms of what was going to happen. His statistical analysis is first-rate and has exposed a lot of tomfoolery in government-issued numbers. When he speaks, it is [...]

I recommend highly an interview by Daily Bell with Dr. Walter Williams. The interview conveys what Dr. Williams is about and what America is supposed to be about. Very worthwhile and he is a breath of fresh air and sense. Daily Bell described Williams thusly: Yes, throughout his career Dr. [...]

Many years ago Dr. Walter Williams wrote a book entitled The State Against Blacks. It was a book that I believed would be excellent required reading in an elementary economics course. I especially thought this for the brief time when I taught at an historically black university. Of course that [...]

Walter Williams is amongst my favorite commentators (and economists). He has a knack for identifying the critical aspects of complex issues and simplifying them for layman. In a recent piece, published on Townhall, Dr. Williams argued against the presumed economic successes of FDR during the Great Depression. Political myths apparently [...]

As freedoms are compromised and even eliminated, those who desire freedom act to offset the depredations imposed upon them.  Capital, both human and wealth, attempt to right the wrongs imposed. Once that alternative is seen as fruitless, both will flee. As Joel Bowman describes it: Perhaps it is useful here [...]

John Williams sees a hyperinflationary Great Depression in our future. Mr. Williams runs the Shadowstats.com website. He provides adjusted figures for such government released measures as GDP, inflation, employment, etc. Williams provides his rationale in an interview here. He is an astute analyst whose opinion is respected. US is BankruptJohn [...]

Here is a post that I am sympathetic with but cannot vouch for the correctness of the numbers. Perhaps some of you can comment from your own experiences. One of my consistent views on this site is “real” inflation is much higher than what the government is telling us. For example, [...]

Dr. Walter Williams, professor at George Mason University, asked this question in September of 2000: “If one group of people prefers government control and management of people’s lives and another prefers liberty and a desire to be left alone, should they be required to fight, antagonize one another, risk bloodshed [...]

Government is 79% of the Economy Welcome to the world of dysfunctional, bloated and insolvent government. CNBC recently reported on delayed income tax refunds: “…  cash-strapped states such as North Carolina, Alabama and Hawaii have been forced to slow down issuing income tax refunds to individuals and businesses because of [...]

We’re Screwed! ShadowStats.com founder John Williams explains the risk of hyperinflation. Worst-case scenario? Rioting in the streets and devolution to a bartering system. Thursday, December 31, 2009 By Phil Maymin [Gold is] going to be highly volatile, as will the dollar, over the near term, but longer term, physical gold [...]

More on false optimism regarding the economy. False Positive Signals For The Economy 18 December 2009 6 Comments By Greg Hunter According to economist John Williams at Shadow Government Statistics (SGS), we are getting “… false positive signals…” for monthly numbers such as retail sales and unemployment.  So, a recovery [...]

Years ago, I taught for a few years in an historically-black university. On occasion I would startle the class by stating that, if the Grand Dragon of the Ku Klux Klan were an absolute dictator ruling this country, he could not  design a more effective set of policies to harm [...]

One of the better economic analysts is John Williams at Shadowstats.com. When he speaks, one should listen carefully. He has just done so: The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a [...]

John Williams of Shadowstats.com is an outstanding analyst. In this interview he details what our problems are and why they are NOT solvable. Do not listen with sharp objects nearby or above the first floor of a building. Might not hurt to have a stiff drink or two also. John [...]

The public has not yet reached the point indicated in the title. The government reached it years ago and is impoverishing the nation. Neither President Bush’s nor President Obama’s economic policies brought this recession. The event was preordained from years of governmental economic mismanagement and intervention. The crisis could have [...]

Image by Seattle Municipal Archives via Flickr David Rosenberg posts today on unemployment, estimating it going up to 12 – 13%, as measured by U3. It is currently 10.2%. Another rate, more reflective of actual unemployment is U6. It is currently at 17.5%. A third measurement, offered by John Williams [...]

Image via Wikipedia Image via Wikipedia Do not trust government numbers. As I have stated, the government is now like a cornered and wounded animal that will do anything to survive. While the Ponzi scheme economy races to an end, it is easy to rationalize white lies to keep the [...]

Image via Wikipedia My distaste for government in its current bloated form (a State as opposed to a government) should be apparent. Recently, I have characterized our government as a “cornered and wounded animal,” willing to do anything to survive what appears to be an increasingly impossible mess. Some may [...]

Image by Keithius via Flickr American Idea Walter E. Williams Wednesday, October 21, 2009 Americans are harder workers, more philanthropic, individualistic, self-reliant, anti-government than people in most other countries. We’ve turned what was an 18th-century Third World nation into the freest and most prosperous nation in mankind’s entire history. Throughout [...]

The manner in which the government keeps its books would shame Enron. Ditto for the statistics they report as economic data.  Here is the latest example described  by John Mauldin. His comments are always insightful. “Speaking of deflation, let me mention something I find totally outrageous. Normally, I actually take [...]