President Trump abruptly fired Erika McEntarfer, head of the Bureau of Labor Statistics, in reaction to the weak July payroll report. This has triggered frightening flashbacks to the Argentina of nearly two decades ago: a populist leader whose flawed policies are ruining the economy; the firing of the head of an agency producing key economic data; mounting discrepancies between benign official statistics and downbeat independent estimates; and an erosion of trust and credibility leading to further economic deterioration.

America is still a long ways from that nightmare scenario, but any attempt to follow in the footsteps of past Argentinian policies does not bode well for our economic future.

Argentina, of course, is a byword for chaotic economic policy and financial turbulence. Followin

See Full Page