Translation: We don't like the numbers based on our policy changes, so we are going to change the way we measure it.
***
(Note: This is very similar to the Boskin Commission's attempts to hide inflation by changing CPI mneasurements)
***
(Note: This is very similar to the Boskin Commission's attempts to hide inflation by changing CPI mneasurements)
Reposted from
Max Kennerly
1) You can already do this with every econ tool, like FRED. Commerce Secretary should know that.
2) This is GDP. Is he also going to remove those employees using that money to pay rent and buy groceries? Presumably not. Seems he just wants nonsensical reports for when the numbers are all bad.
2) This is GDP. Is he also going to remove those employees using that money to pay rent and buy groceries? Presumably not. Seems he just wants nonsensical reports for when the numbers are all bad.
Comments
https://ritholtz.com/2010/01/why-michael-boskin-deserves-our-contempt/
https://bsky.app/profile/followtheh.bsky.social/post/3lji4tazn2p2i