Pollyanna creep

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Pollyanna Creep is a phrase that originated with John Williams, a California-based economic analyst and statistician.[1] It describes the way the U.S. 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 [2] argue the such manipulations distort the perception of electors and economic actors and have ill effects on political and investment decisions.

[edit] References

  1. ^ [1]GOVERNMENT ECONOMIC REPORTS: THINGS YOU'VE SUSPECTED BUT WERE AFRAID TO ASK! A Series Authored by Walter J. "John" Williams
  2. ^ [2]Numbers racket:Why the economy is worse than we know,BY Kevin P. Phillips in Harper's Magazine, May 2008