pull down to refresh
28 sats \ 6 replies \ @Rothbardian_fanatic 16h \ on: Net Job Migration Data - Nat'l Association Realtors econ
This looks like the data may be more accurate than that coming form BLS. BLS data is BS.
The “economists” at BLS are known to have a more leftward bias than other government economists.
reply
Uh .. hu. Yes the leftist economists also have a bias towards lying to the public and their bosses. They are a fine crew of minions. My BS meter pegs out on a lot of government statistics, especially in economic areas.
reply
As it should, but even amongst government economists there are degrees of wrongness.
reply
Are you willing to lay the problems in theory, or problems with personnel? Or problems with groupthink in the BLS and government?
reply
What I've heard is that the BLS had more of an explicitly Marxist founding, which still persists culturally. That's why a more neutral organization was created, the Bureau of Economic Analysis, to do less biased work.
reply
If it is a government agency or department, it has the same problems due to the “long march through the institutions”. The communists have taken over most of the institutions, especially for the analysis of economic data.
BTW, I think Keynes was a communist and his General Theory is just a justification for totalitarian states.
reply