dynarski.bsky.social profile picture

Prof Dynarski @dynarski.bsky.social

Statement from the largest economics association about the BLS firing

As context: AEA approximately never makes such public statements

This is a big deal

August 1, 2025 AMERICAN ECONOMIC ASSOCIATION Committee on Economic Statistics and Committee on Government Relations Statement from the American Economic Association on the Dismissal of the BLS Commissioner Leaders of the American Economic Association express their grave concern over the dismissal of the Commissioner of the Bureau of Labor Statistics (BLS) earlier today. The independence of the federal statistical agencies is essential to the proper functioning of a modern economy. Accurate, timely, and impartial statistics are the foundation upon which households, businesses, and policymakers make critical decisions. Undermining the independence or credibility of these agencies threatens the integrity of the information that markets, institutions, and the public rely on every day. Measuring the vast and dynamic U.S. economy in real time is inherently challenging. It is standard practice for statistical estimates to be revised as more complete and higher-quality data become available. These revisions reflect the commitment of statistical agencies to accuracy, transparency, and methodological rigor-not failure or bias. The BLS has long had a well-deserved reputation for professional excellence and nonpartisan integrity. Safeguarding this tradition is vital for the continued health of the U.S. economy and public trust in our institutions. We call upon elected officials to respect and preserve the independence of the nation's statistical infrastructure. Lawrence Katz President, American Economic Association Katharine Abraham President-Elect, American Economic Association Karen Dynan Chair, American Economic Association Committee on Economic Statistics Kenneth Troske Chair, American Economic Association Committee on Government Relations
121
gretagroots.bsky.social profile picture

@gretagroots @gretagroots.bsky.social

They know that if Trump and his goons lie about the economy, this will kill people's faith in the US economy, which will kill the US economy.

Replies

No replies yet