3 ms·

You're saying WH Admins have no influence over economic data collection by the federal government?

• JumpCrisscross 4y ago
  > WH Admins have no influence over economic data collection by the federal government Less than you seem to think. The Fed, SSA, SBA, FDIC and CFPB are independent agencies. Many data are provided by private sources, e.g. ADP. And the statistical agencies, while legally dependent, are fiercely independent and competitive (i.e. when one starts being co-opted, the others publicly disagree). Moreover, there are hundreds of billions of private dollars which take these data seriously. Is every one of them is in on the conspiracy or duped?
  • corbulo 4y ago
    Neither. There's many many sources of economic data, the more money on the line the less reliant on any single source they will be (and the more likely collection will be done in house or contracted and kept private). The more money on the line the more incentive there is to control what will be said. What incentives do they have to make noise if the books are cooked? They would be inviting the ire of the people who regulate them. Simply because something is claimed independent does not mean it is immune to politics and human nature.