Nobel-winning economist Joseph Stiglitz: Trump firing BLS head ‘like driving a car with no odometer' скачать в хорошем качестве

Nobel-winning economist Joseph Stiglitz: Trump firing BLS head ‘like driving a car with no odometer'

After a weak jobs report on Friday, Trump responded by firing the head of the Bureau of Labor Statistics. But as Nobel Prize-winning economist Joseph Stiglitz tells Ali Velshi, ignoring bad numbers doesn’t make the problem go away. Instead, it’s more “like driving a car with no odometer,” Stiglitz says. He shares an anecdote from his time on the Council of Economic Advisers, advising President Bill Clinton. Stiglitz explains that Clinton once attempted to influence his analysis, to which Stiglitz says he replied, “The preservation of the independence of the statistical agencies is of first order importance, and you, Mr. President, cannot change this.” Clinton accepted this, but Trump, Stiglitz says, does not. Because of Trump’s political pressure on independent economic agencies like the BLS and the Federal Reserve, Stiglitz warns, “confidence in the US dollar and confidence in the US economy will erode.” For more context and news coverage of the most important stories of our day click here: https://www.msnbc.com/ » Subscribe to MSNBC:    / msnbc   » Subscribe to MSNBC on TikTok   / msnbc   » Subscribe to MSNBC on Instagram   / msnbc   Download our new MSNBC app for the latest breaking news and daily headlines at a glance: https://www.msnbc.com/information/dow... Follow MSNBC Show Blogs MaddowBlog: https://www.msnbc.com/maddowblog MSNBC delivers breaking news, in-depth analysis of political headlines, commentary and informed perspectives. Find video clips and segments from The Rachel Maddow Show, The Briefing with Jen Psaki, Morning Joe, The Beat, Deadline: White House, The Weeknight, All In, The Last Word, The 11th Hour, and more. Connect with MSNBC Online Visit msnbc.com: https://www.msnbc.com/ Subscribe to the MSNBC Daily Newsletter: https://link.msnbc.com/join/5ck/msnbc... #trump #jobmarket #politics