Make Me Smart Is there a better way to measure the economy?
Feb 13, 2025
Voters often feel the economy is in bad shape, despite positive statistics, sparking debates about how economic data is measured. The hosts dive into the Senate confirmation process, questioning its relevance and calling for reforms. A delightful detour takes them to the Westminster Dog Show, celebrating memorable canine moments and the quirky antics of various breeds. They even share a few laughs about a golden retriever's journey to win best in show and an Afghan dog's luxurious spa day, proving that joy can be found in both economics and our furry friends.
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Disconnect Between Economic Data and Public Sentiment
- Voters' feelings about the economy often contradict official data.
- A Politico article suggests the way the government measures the economy is flawed.
Critique of the Politico Article
- Kyle Rizdahl believes that the author of the Politico article uses data selectively.
- He suggests focusing on qualitative data and lived experiences to understand the economy.
Addressing Concerns About Economic Data
- Acknowledge that many struggle in the current economy, even with positive data.
- Use historically relevant and generally accepted metrics for macro-level policy.