Abstract
Election years put pressures on statistical bureaus along with other government agencies. A novice at the game would take it for granted that a figure representing steel production or the average price of industrials on the stock market spoke for itself and could not be misrepresented. This was very far from true for the summer and autumn of 1960. Steel production fell catastrophically. Stock prices tumbled. But press and radio continued to assure us that we never had it so good.This article can also be found at the Monthly Review website, where most recent articles are published in full.Click here to purchase a PDF version of this article at the Monthly Review website.
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