Want to create an interactive transcript for this episode?
Podcast: Beyond Politics
Episode: The Most Important Economic Indicator We Should All Be Watching
Description: Several years ago, Newt Gingrich created a bit of controversy when he said in an interview that feelings are facts, and that the way people perceive an issue has just as much to say about it’s reality as any set of statistics that you could gather. Many people scoffed or reacted with outrage...but the truth is, he was kind of right: for instance, the way people feel about the economy has a strong influence on the objective reality of the economy as seen in the kinds of statistics that we can measure. In fact, economists generally accept th...