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Reply to "How long till the economy collapses?"
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[quote=Anonymous][quote=Anonymous]My fear is if a crooked political appointee starts putting pressure on the economists and national accounts to revise their methodology for serval key economic indicators so they can mask the true health of the economy. The WSJ isn't going to stop them. Honestly this should be our biggest fear. Imagine if the US economy operates on even 1 year of biased economic data. It will be an economic calamity once it is found out. Greece can cook their book as they did and it won't affect anyone. The US different story . How can we be convinced that the data we will be getting from the BLS, commerce etc followed sound statistical procedures? [/quote] They’re already doing that - they want to measure GDP without government spending. It won't help, because people will feel the effects regardless of the stats, just like every Republican thinks we were in a recession for all of Biden’s term amid great GDP numbers and historically low unemployment.[/quote]
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