If you want to know how economic reports influence your world for the worse, look no further. Here’s Yves Smith at Naked Capitalism.
Linchpin Pro-Austerity Paper Rife with Errors; Recomputed Results Show No Growth Hit from High Government Debt
Economist’s are just willing tools to be used by the wealthy and powerful to justify their preferred policies. Just like the run up to the Iraq War, the facts are fixed to allow the plan to take place. Years later when the truth comes out, it’s too late.
Update: And it should come as no surprise that the economists have ties to Wall Street billionaire Pete Peterson.