Planet Money

What happens when governments cook the books


Listen Later

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 won't be as trustworthy.

So: we looked at two countries that have some experience with data manipulation. To ask what happens when governments get tempted to cook the books. And...once they cook the books... how hard is it to UN-cook them?

It's two statistical historical cautionary tales. First, we learn how Argentina tried to mask its true inflation rate, and how that effort backfired. Then, we hear about the difficult process of cleaning up the post-cooked-book mess, in Greece.

For more:
- Can we just change how we measure GDP?
- The price of lettuce in Brooklyn
- What really goes on at the Bureau of Labor Statistics (Update)
- Can we still trust the monthly jobs report? (Update)
- How office politics could take down Europe
- The amazing shrinking economy might stop shrinking

Listen free at these links:
Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

Find more
Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

Support Planet Money, get bonus episodes and sponsor-free listening and now Summer School episodes one week early by subscribing to Planet Money+
in Apple Podcasts or at plus.npr.org/planetmoney.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy
...more
View all episodesView all episodes
Download on the App Store

Planet MoneyBy NPR

  • 4.6
  • 4.6
  • 4.6
  • 4.6
  • 4.6

4.6

29,578 ratings


More shows like Planet Money

View all
This American Life by This American Life

This American Life

90,951 Listeners

Radiolab by WNYC Studios

Radiolab

43,998 Listeners

Freakonomics Radio by Freakonomics Radio + Stitcher

Freakonomics Radio

32,235 Listeners

Hidden Brain by Hidden Brain, Shankar Vedantam

Hidden Brain

43,696 Listeners

The NPR Politics Podcast by NPR

The NPR Politics Podcast

25,877 Listeners

Marketplace by Marketplace

Marketplace

8,778 Listeners

Marketplace Morning Report by Marketplace

Marketplace Morning Report

933 Listeners

The Daily by The New York Times

The Daily

112,843 Listeners

Up First from NPR by NPR

Up First from NPR

56,894 Listeners

The Indicator from Planet Money by NPR

The Indicator from Planet Money

9,565 Listeners

Throughline by NPR

Throughline

16,379 Listeners

Short Wave by NPR

Short Wave

6,563 Listeners

Consider This from NPR by NPR

Consider This from NPR

6,453 Listeners

People I (Mostly) Admire by Freakonomics Radio + Stitcher

People I (Mostly) Admire

2,073 Listeners

Planet Money Summer School by NPR

Planet Money Summer School

184 Listeners

The Economics of Everyday Things by Freakonomics Network & Zachary Crockett

The Economics of Everyday Things

1,684 Listeners

Planet Money: We Invested in Gold by NPR

Planet Money: We Invested in Gold

2 Listeners

Planet Money: We Set Up a Shell Company by NPR

Planet Money: We Set Up a Shell Company

8 Listeners

Planet Money: We Bought a Toxic Asset by NPR

Planet Money: We Bought a Toxic Asset

2 Listeners