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How Paul Krugman Would Fix The Economy: Solutions with Henry Blodget

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The Integrity of Economic Data

This chapter discusses the critical role of the Bureau of Labor Statistics in providing reliable economic data amidst political pressures. It highlights the discrepancies between soft survey data and hard economic indicators while emphasizing the potential dangers of politicizing statistics, illustrated by historical examples. The importance of accurate data in shaping economic policy and making informed business decisions is a central theme, alongside a consideration of emerging independent data sources.

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