The economy is changing faster than our ability to track it. And the data sources we rely on most, like surveys, official statistics, and government indices, were designed for a world that no longer exists.

In this episode, Ben sits down with Roberto Rigobon, MIT economist and founder of the Billion Prices Project, to explore what gets lost when measurement fails.

Topics covered:

• Why survey response rates have collapsed
• Designed data vs. organic data
• Why statistical agencies aren't slow out of ignorance but because the cost of a measurement error is catastrophic
• Why CO2 emissions are almost certainly being underestimated by a huge margin
• Why globalization turned workers into widgets
• The monopoly problem: why the US has quietly stopped having real markets in sector after sector, and w ...