Economic Bullshit (URDU)

April 9, 2017

Anjum was upset about the recent spate of very optimistic articles in Wall Street Journal and other mainstream media that talked about the next land of opportunity called Pakistan. He wrote a sharply critical piece in Dawn entitled "Economic Bullshit" talking about reality and such strange (possibly bought) journalism. Perhaps this is why President Trump talks of “fake media.”

Interestingly enough, while media is turning positive, the IMF and the ADB have issued a few warning statements talking about lack of reform and possible brewing challenges.

It is disturbing when analysts and so called experts appear whimsical and inconsistent in their projections, switching from making warnings to being cheerleaders frequently. It undermines confidence in policy, the role of experts and the economy. 

In this episode, we discuss this issue and how these analyses are made, their use of data and evidence.

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