TPTB’s economists have been bull shitting us for decades. Out right lying, under reporting the CPI inflation rate for decades resulting is little to no raises for entry level wage, Social Security, and non union private sector wages. Over reporting the GDP etc etc. Many bad unneeded counter productive people will lose their jobs. Even at the EPA and the endangered species employees. GONE. Maybe they will get jobs in factories drilling holes all day. This fits my…..”What you were getting away with you better stop” Its all in reverse.
Parts, Bon Apatite :
What’s got some statisticians worried, though, is the risk of doctored economic data coming from the administration itself.
the number crunchers worry
Trump has yet to nominate anyone to the Council of Economic Advisers, established in 1946
There are rules that “protect the statistics from direct manipulation, but don’t address all my concerns about independence,”
after 32 years at the Bureau of Labor Statistics and the Commerce Department’s Bureau of Economic Analysis,
Brent Moulton..he added in the piece, titled “Why I’m Concerned About the Independence of U.S. Statistical Agencies.”