Paul Krugman Warns Of ‘Bad Things’ To Come After Trump’s Firing Of Top Stats Official

Paul Krugman highlighted the significance of the Bureau of Labor Statistics (BLS) in providing crucial data for the U.S. government’s decision-making process. According to Krugman, the BLS serves as the primary source of information on the economy’s current status. He warned against manipulating these statistics to create a false narrative that may lead to detrimental consequences. Krugman drew parallels to historical instances of countries experiencing hyperinflation due to misleading data reported by government agencies. He emphasized the importance of maintaining the integrity of economic data to avoid such pitfalls. Krugman’s insights serve as a timely reminder of the dangers associated with distorting vital statistics for political gain. You can listen to his full discussion on this topic starting from the 24-minute mark here.