U.S. EconomySymptoms Don't LieBy Peter D. Schiff, Contributing Writer, Money Morning - May 15, 2013 • Print | EmailStart the conversationLeave a Reply Click here to cancel reply.Your email address will not be published. Required fields are marked *Name * Email * Website 3 + 1 = Comment Some HTML is OK Sign me up for the Money Morning newsletter A good doctor will not simply make a diagnosis based on measurements. The symptoms and complaints expressed by the patient are at least as important in making a determination as the data provided by diagnostic tools.When the data says one thing and the symptoms continuously say another, it makes sense to question the reliability of the instruments.This would be particularly true if the instruments are furnished by a party with a stake in a favorable diagnosis, say an insurance company on the hook for treatment costs.The same holds true for the U.S. economy. Although our government-supplied data suggests we are experiencing low inflation and modest economic growth, the economy shows symptoms of low growth, rising prices, and diminishing purchasing powerIf consumer inflation data were accurately reported, it would be revealed that much of the apparent growth is an illusion. Peter Schiff explains.