Mises Wire
Author:
Jonathan Newman
Online Publish Date:
Ireland’s Central Statistics Office updated their 2015 national income figures and revealed a staggering 26.3% increase in real GDP from 2014 to 2015. Paul Krugman called it “ leprechaun economics .” Joseph Salerno said “ that’s unbelievable! ” I say it’s just one more reason to doubt official macroeconomic statistics. While some initially