4 ms·
In so far as data is used to qualify politicians and support agendas, this argument is nothing more than a thought-terminating cliche. Data is so abused and any
by lurking15 3y ago
In so far as data is used to qualify politicians and support agendas, this argument is nothing more than a thought-terminating cliche. Data is so abused and any statistician or quantitative person can tell you how hard it is to collect quality data and support a conclusion with certainty without fooling yourself. And that's assuming good intent, the malicious/self-interested case is totally in play here, especially with regards to unemployment.
- nightski 3y agoAs so "trust me bro" is in effect eh?
- lurking15 3y agois it incomprehensible to you that "the data says" is a "trust me bro" statement?
- nightski 3y agoYes, given that it is reported by trusted institutions such as the St Louis Fed. Now if you have alternative data or sources which are in conflict please share.
- lurking15 3y agoThe conclusions you draw from data do not disprove what the GP said. First you should be citing labor participation, and unemployment says nothing about the quality of jobs. Nevermind that even labor participation is definitive either. And considering the site "truflation" finds inflation since 2020 to be at 22%, that's a quarter devaluation of purchasing power which seems accurate to anyone participating in the economy. And to everyone celebrating "low" inflation now, that devaluation never goes away as the interest rate compounds and wages just aren't rising that fast either. The point is that governments are trying to paint a rosy picture when many people participating in the economy do not believe it to be so rosy. And considering that politicians are performing atrociously, the reality is probably that the numbers are not capturing the reality of the economy.