By Dr. Joe Webb, What They Think blogs--We've been tracking the monthly data from the US Postal Service for quite some time now. We like the data because the volume of letters and periodicals are reported, which removes effects of inflation from the analysis. Remember: we inflation adjust dollar data to get a sense of changes in actual volume, and sometimes the act of adjusting those data can possibly create their own distortions. Any time that one can use actual data of physical goods or numbers of transactions, or numbers of employees or their hours, those data can be more reliable than anything that is currency-based. Read more!
{top_comments_ads}
{bottom_comments_ads}
