What happens when governments cook the books
Planet Money
2025/08/09
What happens when governments cook the books
What happens when governments cook the books

Planet Money
2025/08/09
Shownote
Shownote
After President Trump fired the head of the Bureau of Labor Statistics, economists and statisticians across the board were horrified. Because the firing raises the spectre of potential manipulation – and it raises the worry that, in the future, the numbers...
Highlights
Highlights
When the head of the U.S. Bureau of Labor Statistics was abruptly removed from office, concerns arose about the potential politicization of economic data. Independent statistics are crucial for informed policymaking and public trust. To better understand the consequences of manipulating such data, this episode explores two real-world examples where governments attempted to alter economic figures—with disastrous results.
Chapters
Chapters
When Politics Meets Data: A Threat to Economic Truth
00:00Argentina’s Inflation Cover-Up: How Numbers Were Cooked
06:49The Secret Formula: How Inflation Was Manipulated and Exposed
12:56Greece’s Hidden Deficit: A Debt Too Big to Hide
22:27The Fallout: Can Trust in Numbers Ever Be Restored?
34:19Transcript
Transcript
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