Donald Trump and Chesterton's Fence
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Quote:Last year, President Donald Trump took the unprecedented step of ousting Bureau of Labor Statistics Commissioner Erika McEntarfer after alleging economic data was being “rigged” without evidence. Now, research suggests Trump’s move packed a punch against the U.S. economy.
A new analysis published (1) in the Center for Economic and Policy Research from four economists indicates that the U.S. economy took a $20 billion hit in lost economic activity due to Trump’s firing of McEntarfer last August. The analysis attributed the figure to a “sharp increase” in policy uncertainty that depressed economic activity since businesses operating in a cloudy landscape tend to pause investment decisions.
Boru
‘I can’t be having with this.’ - Esmeralda Weatherwax
