Lies and Statistics
Plenty of difficulties stand in the way of making sense of the economic realities we face at the end of the age of cheap abundant energy…Our methods of producing goods and services are orders of magnitude more complex than those of previous civilizations, for example, and our economy relies on treating borrowing as wealth to an extent no other society has been harebrained enough to try before; these and other differences make the task of tracing the economic dimensions of the long road of decline and fall ahead of us unavoidably more difficult than they otherwise would be.


