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> The episode hints at a wider trend: global economic data have become alarmingly poor. Isn't the cause of this obvious? There is so much political interferenc
by fidotron 2y ago
> The episode hints at a wider trend: global economic data have become alarmingly poor.
Isn't the cause of this obvious? There is so much political interference in the metrics. Inflation, unemployment, whether it is officially a recession or not - all of these have been manipulated out of all relationship with reality.
The article goes on to wonder about the decline in citizens participating in surveys. If the obvious is going to be ignored then why bother helping them fabricate the lie?
There has been a culture of way too much interventionism that has crept in to too many parts of the structures for economic governance. Now it's a miracle that what remains of the free market pricing mechanism works at all given how many fingers are trying to tip the scales all over the place.
- PaulKeeble 2y agoIt suggests that the politicians aren't interfering with the statisticians but I have seen such manipulation occur multiple times in the past few years on important topics. We have been talking about the increasing bad definitions of "in work" in the UK for over a decade and the situation continues to get worse. The politicians are clearly "strong arming the nerds" and there has been plenty of evidence of it.