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A very important thread from someone with enormous integrity and expertise.
We are lucky that we've had people like @brent_moulton doing this really important and difficult work.
7.8. klo 12.11
In 2012, I was the associate director at the Bureau of Economic Analysis (*not BLS*) and was responsible for preparing the estimates of gross domestic product. Mr. Hassett gets several things wrong here.
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And one thing I would add, there were 44 larger GDP revisions since 1991. A revision of this magnitude is completely within the normal range.
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