Sunday, February 22, 2004

Cut the Crap

The attempts by our Pravda press to cheerlead on the economic news is really getting old. Weeks ago, Brad DeLong debunked the whole "the Household Survey is picking up the self-employed while the establishment survey is not" idea, which was used to claim that measured is a GOOD thing, because, you know, the truth is all these people are now running their own businesses selling their crap on Ebay building custom-made vanity sculptures for their CEO overlords.

As Brad pointed out, and he points out again today, the Household Survey does indeed pick up the number of self-employed, but that number hasn't actually risen significantly.

And, people, even Uncle Alan Greenspan isn't buying this particular story.