Government data has far more latency & error than people think, which is why it’s so frequently restated, especially in a rapidly changing economy.When the economy is not changing rapidly, actually measuring things isn’t important, as you can simply extrapolate from the past.— Elon Musk (@elonmusk) January 17, 2023
Government data has far more latency & error than people think, which is why it’s so frequently restated, especially in a rapidly changing economy.When the economy is not changing rapidly, actually measuring things isn’t important, as you can simply extrapolate from the past.
