Why Government Statistics Are Not Matching Up With Economic Realities: EJ Antoni

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EJ Antoni is an economist and fellow at the Heritage Foundation, whose research focuses on fiscal and monetary policy. In this episode, we break down the discrepancies between government data, media reporting, and today’s economic realities.

“Essentially, a third of all the jobs we thought we had added over that year are gone. They never existed. It’s like taking four whole months of job creation and ripping them off the calendar,” says Antoni.

Are the financial models no longer trustworthy?

“We don’t see the numbers quite matching up to a lot of the government statistics,” says Antoni. “And we get into some very perverse situations where the [Bureau of Labor Statistics] actually counts something as an increase in quality when, in fact, it’s a decrease, and the consumer is paying more for it.”

Antoni analyzes various indicators and inputs to determine what the real data reveals about the state of our economy.

“Where I think this becomes scandalous is the fact that these statistical problems first became evident in the spring of 2022, so more than two years ago, and nothing has been done to correct them.”

Views expressed in this video are opinions of the host and the guest, and do not necessarily reflect the views of The Epoch Times.