3 ms·

does fed base their mandate on u3? which you are saying is inadequate. If so, why would they do that, they don't seem stupid, for the most part.

phpisthebest 4y ago
I dont know what the Fed does, but Treasury Secretary Yellen often used the U3 Headline number on unemployment to handwave away people saying we were in recession
- twelve40 4y ago
  But she also doesn't look stupid, PhD in economics from Yale. Is she purposely misleading everybody then? but why? is she afraid to get fired from secretary of treasury job (after many decades of top gov jobs) for reporting accurate information? Honest question. P.S. especially if we really are in a recession and no amount of misleading will be able to sweep this under the rug?
  - phpisthebest 4y ago
    >>But she also doesn't look stupid, PhD in economics from Yale. Appeal to authority Fallacy... I give 2 shits where someone went to university >>Is she purposely misleading everybody then? but why? yes, and politics.... They have the same idea as to why it was OK to lie during covid they feel the public is too stupid / panicky to know the truth.
    - libraryatnight 4y ago
      So you don't know, you just suspect she's acting nefariously and have decided to act as if.
    - twelve40 4y ago
      no, I did not commit that fallacy because I haven't made any claims whatsoever, just asking a few questions. As it happened, I don't even have any strong opinions on this, just curious. To me, trying to cover up a (beginning) recession seems as stupid and useless as the National Weather Service lying about an incoming hurricane. Why would anyone do that, regardless of their agenda? P.S. she's not running for office, so she's not under any immediate pressure to bullshit people. She has enough clout and experience to worry about legacy instead of engaging in such blatantly inefficient lying.

3 ms·

does fed base their mandate on u3? which you are saying is inadequate. If so, why would they do that, they don't seem stupid, for the most part.

by twelve40 4y ago

phpisthebest 4y ago
I dont know what the Fed does, but Treasury Secretary Yellen often used the U3 Headline number on unemployment to handwave away people saying we were in recession
- twelve40 4y ago
  But she also doesn't look stupid, PhD in economics from Yale. Is she purposely misleading everybody then? but why? is she afraid to get fired from secretary of treasury job (after many decades of top gov jobs) for reporting accurate information? Honest question. P.S. especially if we really are in a recession and no amount of misleading will be able to sweep this under the rug?
  - phpisthebest 4y ago
    >>But she also doesn't look stupid, PhD in economics from Yale. Appeal to authority Fallacy... I give 2 shits where someone went to university >>Is she purposely misleading everybody then? but why? yes, and politics.... They have the same idea as to why it was OK to lie during covid they feel the public is too stupid / panicky to know the truth.
    - libraryatnight 4y ago
      So you don't know, you just suspect she's acting nefariously and have decided to act as if.
    - twelve40 4y ago
      no, I did not commit that fallacy because I haven't made any claims whatsoever, just asking a few questions. As it happened, I don't even have any strong opinions on this, just curious. To me, trying to cover up a (beginning) recession seems as stupid and useless as the National Weather Service lying about an incoming hurricane. Why would anyone do that, regardless of their agenda? P.S. she's not running for office, so she's not under any immediate pressure to bullshit people. She has enough clout and experience to worry about legacy instead of engaging in such blatantly inefficient lying.