Source: The Daily Economy
by Peter C Earle
“In contentious political environments, economic data rarely stand as objective measures. They are transformed into talking points and wielded to justify policies as much as to describe reality. A monthly jobs report, a quarterly GDP release, or an inflation figure splashed across financial headlines is treated with the solemnity of a laboratory result. Markets react, central bankers pontificate, and legislators posture — all on the basis of a handful of daunting numbers. Yet beneath the veneer of rigor lies a reality that economists have long known but the public too rarely hears: economic measurement is messy, contingent, and riven with flaws.” (08/28/25)
https://thedailyeconomy.org/article/economic-measurement-and-the-mirage-of-exactness/