ECONOMICS EP04 Jan 15, 2026 3:15

Blind Flight: America's Missing Data

What if the U.S. government stopped measuring inflation — in the middle of an inflation crisis? Not delayed it. Not estimated it. Stopped. The BLS Commissioner fired. Advisory committees disbanded. Staff fleeing. And when the fake numbers finally came out? Markets bought it. Treasury yields fell to 4.11%. S&P futures surged 1%. The perfect crime isn't one you can't solve — it's one you can't prove.

Key Findings

40%
Share of Core CPI from housing — data zeroed out in October
818,000
Jobs overcount that got BLS Commissioner fired
43 days
Government shutdown — October data never collected
4.11%
Treasury yields fell — markets bought the fake number

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