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The Economy in Perspective

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Fabricating the truth … We hear and read so many opinions, from so many sources, that it is often difficult to tell fact from fiction. Some opinion makers seem to operate under the premise that there are no longer any facts—that everything today is just a matter of subjective interpretation. But most people want to believe that what they value is true, and there is a plethora of interest groups whose livelihood depends on spin, hype, and packaging.

Suggested citation: "The Economy in Perspective," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-06, pp. 01, 06.01.2002.

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