Saturday, August 2, 2025

Larry Kotlikoff on Trump firing the head of BLS

I suppose you have to be an econ nerd to fully appreciate the work of our federal statistical agencies– notably the Bureau of Labor Statistics and the Census Bureau. Suffice to say, they are not perfect, but they do incredibly valuable work generating data that we can have confidence in. At least until now. I don't agree with Kotlikoff on everything, but he is spot-on here. Krugman and others have noted that by corrupting and politicizing government data, Trump is doing what banana republics have always done. I suppose becoming a banana republic will have its advantages, since we will presumably have to grow our own when the Trump tariffs cut off banana imports.

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