“Government data collection gives an impression that the state is the overseer of the economy, and it provides an opening for central planners to meddle with the marketplace. Opportunities abound for the Paul Krugman’s of the world to put together ‘models,’ and to prescribe ‘policies’ based on them.  The marketplace needs to be freed from these meddlers.  If companies or entrepreneurs desire economic data, let them pay for it (with their own money) in the market. Let private companies gather up the data, and have their reputation hang on its accuracy. Government worries not about its reputation. It lies constantly.”

http://www.economicpolicyjournal.com/2013/09/abolish-all-government-economic-data.html

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