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by mrngld
23 days ago
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If you've believed all the government data for the last 10 or 15 years I got a bridge for sale. It's one of those things like, yes, it's WAY more difficult than I think most people realize to arrive at numbers (be it employment, price indexes, etc), but it's also something that demonstrably can be done. It's like "space is hard", yes, but rocket companies still rightfully get flak if they can't perform. Also, for what it's worth, it's a global phenomenon. China's numbers have always been almost wholly manufactured, but to be fair to them that was intentional. Across the West there's been a slow eroding of quality that they didn't intend necessarily, but has just been the effect of focusing on anything beyond pure merit in hiring and accuracy in measurement. Focus softened at exactly the time COVID made things more difficult, and the focus has only got worse. Ex: https://www.telegraph.co.uk/politics/2026/06/30/treasury-dit... Yeah that's going to work out great. That said, I think GAO and CBO both do decent jobs at extremely thankless tasks. They both produce research and recommendations that are typically sound but get ignored by Congress 99.99% of the time. |
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Do you have a link to read about this?