Larry Summers Is Half-Serious, *At Least*, About "Google Index" Theory
So it seems like fewer people are performing Google searches with the term "economic depression." Or maybe it's the same amount of people, but they're searching less frequently? Ha ha, no one's sure! Anyway, what does this statistic mean for America? Everything, essentially. And this is not just because a majority of Americans have been forced to sell or mortgage their Googles. In fact, college-educated Larry Summers believes this means that things are looking up. You see, earlier this year there were four times as many searches for the term, and now there are less, and therefore causality. It's science. Google it.
Here's RedState, citing GWU political zine "The Politico":
"Of all the statistics pouring into the White House every day, top economic adviser Larry Summers highlighted one Friday to make his case that the economic free-fall has ended.
The number of people searching for the term “economic depression” on Google is down to normal levels, Summers said.
Searches for the term were up four-fold when the recession deepened in the earlier part of the year, and the recent shift goes to show consumer confidence is higher, Summers told the Peterson Institute for International Economics."