Sunday, May 19, 2013

What Gets Measured Gets Manipulated

David Norris: Who the hell are you guys?
Richardson: We...are the people that make sure things happen according to plan.
--The Adjustment Bureau

The federal government spends tens of $billions on economic data collection and reporting. Why? This is clearly not a constitutional use of tax dollars. Moreover, politicians have incentive to rig the data in their favor, which they clearly do.

It is said that what gets measured gets managed. In the case of government, it is more accurate to say what gets measured gets manipulated.

1 comment:

dgeorge12358 said...

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.
~Friedrich Hayek