4 ms·
You do know economic data is not used only by "economists", right? Given that you seem to dislike the word "economic" data, focus only on the data part. Tell us
by thisisit 1y ago
You do know economic data is not used only by "economists", right? Given that you seem to dislike the word "economic" data, focus only on the data part. Tell us how politicians/policy makers run the country without data? How do they know rates have to be increased/decreased if they don't have such numbers? Through wishful and magical thinking about focusing on the basics?
- franktankbank 1y agoMy point is that it should be more granular. I only ever hear it described in one of three things in tension with each other: markets, jobs, inflation. Do you think you can just watch those three things and guide a country/world into a prosperous one or could there be pitfalls?
- cosmicgadget 1y agoWhy are you saying only those three metrics are tracked by policymakers?
- franktankbank 1y agoI'm saying those are the only three metrics ever touched on in media. If its oblique I assume its self serving.
- deleted 1y ago[deleted]
- cosmicgadget 1y agoGDP?
- thisisit 1y agoWhat evidence is there that politicians or GOP today formulate policy only on these three things? Media and GOP have talked about other items like immigration, taxes etc which impact the economy. And if this is about metrics then GDP, budget deficits etc are also economic metrics talked about in the media.