Trump’s Economic Numbers Don’t Add Up | Bulwark on Sunday
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Economic Data Suppression, Market Fragility, and the Threat to Federal Reserve Independence
Understand how the Trump administration's systematic erosion of government statistics jeopardizes accurate economic assessment and what rising political pressure means for the Federal Reserve's crucial independence.
Short Summary
- Analyze the threat to reliable government data collection due to administrative purges and canceled reports (e.g., hunger surveys).
- Assess current economic indicators suggesting fragility, including rising youth unemployment and squeezed corporate margins.
- Detail the severe long-term risks of political interference with the Federal Reserve’s independence, potentially causing higher inflation. This discussion explores the profound impact of data manipulation and potential monetary policy interference under the Trump administration. Readers gain insight into why these administrative actions create economic uncertainty, affect everything from business planning to public health assessments, and could lead to dangerous inflationary cycles from a compromised central bank.
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Top Comments (10)
Your guys' scoring Catherine Rampell to join the team was a massive win. 🍻
I don't think people realise what is being lost, the brain drain is going to be massive. The loss of the gold standard for statistics, science, innovation, etc. I may have not liked the United States but I appreciated its innovative solutions in many fields. I had respect for the information coming from your country.
Bill - As the owner of a small US mfg company that up until this year was able to export more than 70% of what we made, here’s a news flash. Tariffs do not only add to the cost of materials. This is a tariff WAR. Tariffs destroy export markets and that, my friend, has a MUCH LONGER EFFECT on the economy. Trump has decimated the standing of the US in the world*. That mistrust and realignment is long term. Small American exporters are going out of business everywhere. Pull the lens back and maybe take a broader view on this one. *See G-20 in South Africa.
Low information regimes love low information societies. Makes authoritarianism way easier.
You have to remember his professor at Wharton said he was the dumbest student he ever had!
It would be above-the-fold news if something 47 said DID add up.
Call your senators and representatives. The dollar and the middle class are the designated losers. This is our country too. 🇺🇸
The BEST interview on the economy I’ve heard in years. Thank you! She explained so much, so well, and so understandably. 👍🏽
Lower interest rates? Does anyone remember the financial crisis from the housing crash?
If data collection is privatized, dollars to donuts, you will have to pay a lot of money to get it.
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Top Comments (10)
Your guys' scoring Catherine Rampell to join the team was a massive win. 🍻
I don't think people realise what is being lost, the brain drain is going to be massive. The loss of the gold standard for statistics, science, innovation, etc. I may have not liked the United States but I appreciated its innovative solutions in many fields. I had respect for the information coming from your country.
Bill - As the owner of a small US mfg company that up until this year was able to export more than 70% of what we made, here’s a news flash. Tariffs do not only add to the cost of materials. This is a tariff WAR. Tariffs destroy export markets and that, my friend, has a MUCH LONGER EFFECT on the economy. Trump has decimated the standing of the US in the world*. That mistrust and realignment is long term. Small American exporters are going out of business everywhere. Pull the lens back and maybe take a broader view on this one. *See G-20 in South Africa.
Low information regimes love low information societies. Makes authoritarianism way easier.
You have to remember his professor at Wharton said he was the dumbest student he ever had!
It would be above-the-fold news if something 47 said DID add up.
Call your senators and representatives. The dollar and the middle class are the designated losers. This is our country too. 🇺🇸
The BEST interview on the economy I’ve heard in years. Thank you! She explained so much, so well, and so understandably. 👍🏽
Lower interest rates? Does anyone remember the financial crisis from the housing crash?
If data collection is privatized, dollars to donuts, you will have to pay a lot of money to get it.