Michael Saylor: The Fabrication of Conventional Economic Metrics

Every conventional economic metric talked about in mainstream media or political conversations is a man-made fabricated metric. Employment statistics are manipulated to exclude those who stop looking for a job, and inflation numbers are created by excluding volatile items like food and energy. The size of the economy is distorted by changing the definition and measuring it in terms of money. All the labor, monetary, and inflation statistics have flexible definitions that serve political purposes. Debates about these metrics are irrelevant because they are fabricated distractions. Manufacturing and technology advancements lead to more and better products, but certain items can become unavailable or scarce. The GDP and inflation metrics do not accurately reflect the state of the economy or the price of goods and services. The metrics are created with flexibility to suit the interests of those in power, influencing what people focus on and think about.

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