The public is unduly influenced by the numbers the bureaucrats in Washington put out, whether on GDP, unemployment or other important statistics.
Few bother to learn how these numbers come about and the role of estimates, including the seasonal variety. Therefore, lots of bureaucratic mischief can be done with the process, some innocently, and others with a political purpose.
What I cannot understand is why these estimates must be made. If they were not, the public would be forced to do a bit more thinking, especially with media assistance, which does such a poor job of it now. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter)
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