Editing CPI (section)

=== 2022 ===

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|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272669664256009
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Can you smell what the @BLS_gov has cooking? 

I, myself, cannot.

But then again… I love pro-wrestling.
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272650777477121
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Even assuming all these sub-indexes are correct, meaningful, and were facing all of us equally, given the 4-49% spread, wouldn’t you expect [[CPI]] would be cast as field rather than a scalar variable? That the representative consumer would be clearly described? 

Yet we see 7.0%
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|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272653209948160
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content='''Basic CPI confusions''':

Mechanical vs Economic indexes: Baskets of goods vs baskets of tastes over goods.

Seasonality in Tastes: Bostonians never spill new eggnog on their new bikinis. You have December tastes in July as well as July tastes in July.
Taste at time T is Circular.
|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272654132776962
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Further Tastes evolve. So stylized dynamic seasonal taste modeling  should be a personalized map of S^1 X R^1 into preference space. Mapping that worldsheet of tastes to a point is totally unjustified in the literature. But we’ve built a machine that needs [[CPI]] as a scalar. Ergo..
|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272655181279233
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Then we claim [[CPI]] is a Cost Of Living index and that BLS has accepted the COL framework. Which it hasn’t. It mumbles something about “superlative index numbers” and “work of Erwin Diewert” to avoid the fact that it refuses to take into account how we actually substitute goods.
|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272656896802817
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=An intertemporal index in Theory is not a number. It’s group valued fields on path spaces that cannot be reduced to these simplistic games. Does that sound crazy to you? Then try this on: 

Imagine we came up with “the American temperature reading” or “US Eyeglass prescription.”
|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272658973323265
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=So as you hear men in bow ties solemnly opine about analyst estimates, and carefully coifed anchor-women somberly explain  the new jump in prices from 6.8% to 7.0%, remember this: you look down on people who watch professional wrestling. And ask yourself…why do I believe this?
|timestamp=2:31 PM · Jan 12, 2022
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|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1485443881776730113
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=[[Boskin Commission|BOSKIN PRINCIPLE]]: “Tell us what number you want to see for [[CPI]], and we can create a “representative consumer” and choice of Index number &amp; methodology to print you *exactly* the number you requested.”

Sadly, there are corresponding principles for the Fed and central banking.
|quote=
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|image=zerohedge-profile-tyler.jpg
|nameurl=https://x.com/zerohedge/status/1485434763422969867
|name=zerohedge
|usernameurl=https://x.com/zerohedge
|username=zerohedge
|content=Fed's Huge Problem: Main Street Does Not Believe The Fed's & Wall Street's Inflation Forecasts https://zerohedge.com/markets/feds-huge-problem-main-street-does-not-believe-feds-wall-streets-inflation-forecasts
|timestamp=2:10 AM · Jan 24, 2022
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|timestamp=2:46 AM · Jan 24, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1487123287830253570
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=We should talk about national security and the Money Supply even before we talk about national security and crypto.

We should talk about '''CPI inflation #s''' and index number methodology at @BLS_gov before we talk about crypto threats.

M2 monetary aggregate from the St Louis Fed:
|timestamp=5:59 PM · Jan 28, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1487857423373062144
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Bottom line: '''C-CPI-U''' ISN’T understood by economists &amp; is waiting to replace '''CPI-U'''. Why? To raise indexed taxes &amp; slash indexed Medicare and Social Security. Think!

[[CPI]] just isn’t a number. It’s supposed to be a field on a path space of loops.

Cc: @haralduhlig @GregWKaplan
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1487857420957224961
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=This is what happens at BLS when we pretend work on [[CPI]] and geometric index numbers never happened. A geometric dictionary:

Circularity = Loop Space

“Levels of Drift” = Non-Trivial Holonomy from Curvature Effects

Tests = Imposition of Flatness DESPITE Ambrose-Singer Theorem(!)

https://x.com/jondavidchurch/jondavidchurch/status/1476336364606136320
|timestamp=6:37 PM · Jan 30, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1487857422395850752
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Dictionary Continued:

Strong Seasonality = We aren’t modeling instantaneous  preference based expenditures, tastes and prices as maps of S^1 into relevant spaces.

Choice of Base Month = If we don’t use S^1, It’s as if we suddenly love Eggnog every December, but Bikinis in June.
|timestamp=6:37 PM · Jan 30, 2022
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|timestamp=6:37 PM · Jan 30, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1491813693042008067
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=[[Morals|Monthly Reminder Moral]]: it’s really really really hard to fake a field. Economic Index Numbers like [[CPI]] are not real numbers. They are naturally group-valued *FIELDS* that would be nearly impossible to fake and manipulate. 

The *entire* subject is off. [[Peer Review|Peer review]] won’t help. 🙏
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|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1491811219161817090
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=I understand that [[CPI]] is 7.5%. 

Different question. Look at the spread. 

Tell me how we got 7.5%? Do you have any idea what 7.5% means?

Now listen to who repeats this number. 

If they said 7.57348977% ± 0.0000003% you would be laughing. 

We should be laughing, not nodding.
|quote=
{{Tweet
|image=charliebilello-profile.png
|nameurl=https://x.com/charliebilello/status/1491767729736536073
|name=Charlie Bilello
|usernameurl=https://x.com/charliebilello
|username=charliebilello
|content=Price increases over last year (CPI report)</br>
Used Cars: +40.5%</br>
Gasoline: +40.0%</br>
Gas Utilities: +23.9%</br>
Meats/Fish/Eggs: +12.2%</br>
New Cars: +12.2%</br>
Electricity: +10.7%</br>
Overall CPI: +7.5%</br>
Food at home: +7.4%</br>
Food away from home: +6.4%</br>
Transportation: +5.6%</br>
Apparel: +5.3%</br>
Shelter: +4.4%
|timestamp=1:35 PM · Feb 10, 2022
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|timestamp=4:28 PM · Feb 10, 2022
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|timestamp=4:37 PM · Feb 10, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492140102486740993
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=7.5%. You are all experiencing 7.5%
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|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492136973292687365
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You are experiencing 7.5% inflation.

You are getting sleepy. So very sleepy.

You no longer need to know how hedonic adjustments are calculated.

You don’t need to worry about '''C-CPI-U''', tax brackets, Social Security adjustments.

<nowiki>#</nowiki>EconTwitter’s got this. Your lids feel heavy now.
|timestamp=2:02 PM · Feb 11, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492136978221080583
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Relax. Think of a summer’s day with a light breeze. 

Why worry about May 2020 after all? It simply causes stress to read so many words.

There was a data series discontinuity. It is probably all an artifact. A data flaw. Mother will take care to make sure baby is safe and warm.
|timestamp=2:02 PM · Feb 11, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492138040990617604
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Don’t worry about the 7%. Just remember the .5%. That precision tells you @BLS_gov knows what it is doing. 

Focus on the .5% and remember: it’s only your taxes, wages, life savings  and benefits on the line. 

It’s not your health. You can read a book. Money, isn’t everything…
|timestamp=2:06 PM · Feb 11, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492139286317215752
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Let the experts handle this. People study this for years. Don’t listen to non experts. Experts have this. Expert expertise is so very expert that you the non-expert may come to fear expertise if you listen to non-experts.

I’m sure if there is a problem they will warn you. #2008
|timestamp=2:11 PM · Feb 11, 2022
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|timestamp=2:14 PM · Feb 11, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492147876067262474
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=COMPETITION: which economists can truly explain the .5% precision in 7.5% [[CPI]]? #EconTwitter 

Go.
|timestamp=2:45 PM · Feb 11, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492521275708915713
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You’d DEMAND a field map so that they didn’t quote a temperature in Miami when you lived in Nome Alaska. 

Ok.

So @BLS_gov quotes you 7.5% inflation and NONE of you know what it represents, and NO economist on #EconTwitter will explain the .5% precision?

Demand [[CPI]] be a field.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492519523873918976
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Imagine @NOAA were like @BLS_gov and released a single number called CTI: Consumer Temperature Index. It was a measurement of the “Temperature Change In America” computed in some random US city that they picked &amp; changed at their discretion to represent that faced by Americans.
|timestamp=3:22 PM · Feb 12, 2022
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|timestamp=3:29 PM · Feb 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1494654711051468801
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=“Immigration has no negative effects.”

“I won’t make you pregnant.”

“Two weeks to flatten the curve.”

“NAFTA is a rising tide lifting all ships.”

“US STEM employers are facing a deep labor shortage.”

“Inflation is transient.”

“CPI is a measure of the COL.”

“Iraq has WMD.”
|quote=
{{Tweet
|image=sama-profile-k43GMz63.jpg
|nameurl=https://x.com/sama/status/1494407089279537159
|name=Sam Altman
|usernameurl=https://x.com/sama
|username=sama
|content=genuinely curious:

the fed has smart people. how were they so wrong about inflation being transient, when it seemed so obvious to most people that it wasn't going to be?
|timestamp=8:23 PM · Feb 17, 2022
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|timestamp=12:47 PM · Feb 18, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1496608999839440897
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=This happened. It hasn’t always been like this. This is still possible. We could do this with Epstein, Wuhan/COVID, Bagram, '''CPI/Inflation''', Stock Trading in Congress, Tech Censorship of political speech at government request:

cc:@tedcruz , @BernieSanders
{{#widget:YouTube|id=VvKMpD2c9b0}}
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1496606786551369728
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Presidents, Senators, Representatives, Agency Heads, Operatives, etc. in a democracy, must and can be *forced* into accountability. This is what Ronald Reagan sounded like when forced out of prolonged silence over the Iran-Contra scandal: 

{{#widget:YouTube|id=R67CH-qhXJs}}
|timestamp=10:03 PM · Feb 23, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1496607512589520899
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You can *force* your representatives to hold deep painful searching hearings. What is our problem with forcing open hearings on Epstein, Wuhan/Covid-19, Afghanistan, [[CPI]]?

{{#widget:YouTube|id=ct3UxB696D4}}
|timestamp=10:06 PM · Feb 23, 2022
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|timestamp=10:12 PM · Feb 23, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1509216570756661250
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Economists: Ken Arrow taught us we can’t aggregate rational preferences into the preferences of a mythical super-individual to represent society.

Also Economists: Konus taught us that Inflation is measured relative to agents’ PERSONAL preferences.

BLS Economists: US [[CPI]] is 7.9%
|timestamp=5:10 PM · Mar 30, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524381418188525568
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A cost of living index is something like a group valued field on path spaces of seasonal loops of dynamic preferences and prices. It’s not a damn number. It’s just not. This is theater.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524379453115219968
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=This is what meteorologists condition you to think of as “reporting the weather”:

Contour lines. .</br>
Dynamic fronts.</br>
Probability distributions for rain.</br>
Vector fields for wind.</br>
Scalar fields of pressure &amp; temperature

By contrast, Economists tell us your [[CPI]] is 8.3%. Discuss.
|timestamp=1:22 PM · May 11, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524380306345963520
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=[Yes there are sub reports on inflation. But the use of, and focus upon, a single number with opaque methodology and misleading description is preposterous. Bad theory. Bad economics. Bad government.]
|timestamp=1:26 PM · May 11, 2022
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|timestamp=1:30 PM · May 11, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526604563880415232
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=<nowiki>#</nowiki>inflation '''#CPI''' #CostOfLiving
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526603207308288000
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You seem to be the 1st to ask. Been waiting years for this question. Thank you!

Take 3 stylized goods:

F = Food in kgs
G = Gasoline in ltrs
H = Housing as Rent in sq meters

Assume Cobb-Douglas tastes with 2 exponents a_F, b_G (so c_H=1-a_F-b_G) & prices p_0, p_1in R^3 x R^3.
|quote=
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|nameurl=https://x.com/koocabeans/status/1526572010536673281
|name=porkchopps
|usernameurl=https://x.com/koocabeans
|username=koocabeans
|content=@EricRWeinstein so how do we make a gauge theory economic chart similar to your meteorological analogy?
|timestamp=2:35 PM · May 17, 2022
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|timestamp=4:39 PM · May 17, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526603209023770624
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=The COST OF LIVING that @BLS_gov pretends to calculate, for any price vectors as above is now a function on the 2-simplex (a_F,b_g) called the Laspeyres Konus formula. 

Only one computer programmer needs to be able to understand the above. She can build the function in python.
|timestamp=4:39 PM · May 17, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526604125344960512
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=That function is akin to the temperature or pressure I keep talking about in the standard inflation theory. From there, we move to what is wrong with the standard theory. But this would already show you what is wrong with BLS’ crazy claims to be computing the cost of living. 🙏
|timestamp=4:39 PM · May 17, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526604125344960512
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=That is not gauge theoretic yet because we are assuming fixed tastes. But we have to understand the **mountain** of layered nonsensical assumptions in [[CPI]] measurements of COL inflation. [[CPI]] as COL isn’t even consistent with pre-gauge theoretic theory. It’s sort of unbelievable.
|timestamp=4:42 PM · May 17, 2022
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|timestamp=4:44 PM · May 17, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1545705660259520513
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=We should talk about the honest calculation &amp; theory of Cost Of Living. Perhaps sooner rather than later.

We’re lying about what we’re doing in order to produce a single magical '''CPI number''' that misleads the public, obscures central bank intervention and transfers massive wealth.
|quote=
{{Tweet
|image=steve_hanke-profile-3zbE7bAT.jpg
|nameurl=https://x.com/steve_hanke/status/1545543022586302466
|name=Steve Hanke
|usernameurl=https://x.com/steve_hanke
|username=steve_hanke
|content=Take a look at the crazy lines at the gas pumps in Sri Lanka:
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|timestamp=10:59 PM · Jul 8, 2022
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|timestamp=9:45 AM · Jul 9, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1554161132788523008
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You’re not being truthful about economics. 

I’m sorry. But at a purely technical level, you are just not being truthful about markets, economics and economists. I say this without an axe to grind as a huge promoter of your earlier work when you were trying to understand the 🌎.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1554161126622932994
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content="I've never seen anything as bad as the determination of a lot of people to say it's a recession," Krugman said. "It's above and beyond anything I've ever seen." -@paulkrugman

Would you like to talk about the [[Boskin Commission]] &amp; the @BLS_gov pretending to move to a COLA for [[CPI]]?
|quote=
{{Tweet
|image=CNN-profile.jpg
|nameurl=https://x.com/CNN/status/1553908398823030785
|name=CNN
|usernameurl=https://x.com/CNN
|username=CNN
|content=Even top economists are struggling to explain perhaps "the weirdest economy" Americans have ever lived through, CNN's chief media correspondent Brian Stelter said. https://www.cnn.com/2022/07/31/media/economy-paul-krugman-reliable-sources/index.html
|timestamp=1:00 AM · Aug 1, 2022
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|timestamp=5:44 PM · Aug 1, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1554161129659674624
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Would you be interested in discussing an entire field of economic experts laughing for 5-8 years at those of us who tried to warn the world about the impending danger of Mortgage Backed Securities during the “Great Moderation”?
|timestamp=5:44 PM · Aug 1, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1554161131228315648
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Would you be interested in discussing the treatment of George Borjas by economists for pointing out that Immigration actually carries costs &amp; redistributes wealth rather than a miracle free lunch that simply cannot do anything harmful?

Etc. Etc.

Because that is all much worse.
|timestamp=5:44 PM · Aug 1, 2022
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|timestamp=5:44 PM · Aug 1, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1557147094632189952
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=How to view Fauci, Daszak, [[CPI]], etc.:
|timestamp=11:29 PM · Aug 9, 2022
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|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589292586254360576
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Note Added After Posting: 

I responded to a question about proper index construction here. Would love to have Prof @RBReich thoughts. Maybe even a debate on CPI and measurement?
|quote=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287901804007425
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces.
|timestamp=4:05 PM · Nov 6, 2022
}}
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287901804007425
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces.
|quote=
{{Tweet
|image=invisi_college1-profile-s_fl5CzZ.jpg
|nameurl=https://x.com/invisi_college1/status/1589261786934493184
|name=invisible_college
|usernameurl=https://x.com/invisi_college1
|username=invisi_college1
|content=I have heard you say inflation looks more like a heat map, than a single number. Would you say a heat map by both geography and product? Good morning
|timestamp=2:21 PM · Nov 6, 2022
}}
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287905289449473
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Q1: Why is it a field on Preferences?

A1: Because a true COLA is not an index on baskets (mechanical index) but on welfare derived from baskets (economic index). BLS misrepresents [[CPI]] being COLA-driven abusing work of Erwin Diewert on Superlative indices. A COLA prices WELFARE.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287906795229185
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Q2: Why is inflation a field on LOOP spaces of preferences?

A2: Tastes are seasonal. In USA “We never spill Egg Nog on our bikinis.” What you both want &amp; price HAS to be made seasonal to avoid the Cycling Problem (Holonomy) in index number thy. So we have LOOPS of tastes/prices.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287908305174532
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A2 Continued: If you don’t make loops of tastes and prices, you will show meaningless regular inflation if prices, quantities and tastes Circle back to their initial Jan 1 values. This confuses economic experts (Like Diewert) when it comes to chain/path indices…which is up next.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287910238748672
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Q3: Why is inflation a field on Path Spaces of Looped Preferences/Prices?

A3: Loosely, Index number theory really died w/ work of Ragnar Frisch (rightly) destroying Irving Fischer’s misguided work on axiomatic tests for bilateral (2 period) mechanical index numbers. Here’s why.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287911790608385
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A3 Cont.: As Ken Arrow challenged us “Frisch showed we can’t solve the bilateral index problem because a single agent at multiple points in time is *exactly* dual to multiple agents at a single instant of time. Which is exactly my ‘Impossibility Theorem’ in Social Choice. QED.”
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287913267007488
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A3 Cont.: Our response: “Ah. That would be true but for 2 differences! First, Indices live in markets with *prices*. Our methods *don’t* live in social choice voting paradigms. Second, agents evolve into their future selves via paths. There’s no ‘morphing path’ in social choice.”
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287914726633472
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A3 Cont.: “This is why index numbers will one day be properly understood as parallel translation in Fiber Bundles wrt Economic Gauge Potentials. But Zoe doesn’t become Cam morphing into Fatima when voting. So parallel transport is unavailable. Even in topological social choice.”
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287916236570624
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Q4: Why do you say indexes are Group-Valued? Isn’t inflation just a number?

A4: Here goes. In the most famous case you *can* get away with a number. But that 8.9% style CPI nonsense is actually secretly a 1x1 matrix in GL(1,R). And that actually matters! Why? B/c Non-linearity.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287917759123457
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A4 Cont.: Only 1x1 matrices commute. NxN matrices do not! And if A.B isn’t B.A, the system goes non-linear. So if you have 2 countries with 2 currencies, the commutative case doesn’t work at all. You need to use Freeman Dyson’s system of Time Ordered Products to save inflation.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287919357153282
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A4 Cont.: But even in the case of one Currency like the Dollar, economists don’t get the group issue. True COLAs are valued in an *infinite* dimensional non-commutative group called DIFF_0(R^+) equivalent to increasing differentiable functions from 0–&gt;♾ reparameterizing ‘Utils’.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287920971968512
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Q5: So let’s see. Inflation is a field like temperature. But a field in a fiber bundle over ♾-dimensional path spaces of loops of preferences/prices valued in non-commuting groups leading to non linearities not addressed by economists? What about actual geography!”

A5: Fair. 👍
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287922528063493
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A5 Continued: Prices vary by zip code. So throw in a geographical map as a reward for getting to the end!

Just try to understand my bewilderment when @BLS_gov says 7.9% and everyone pretends that they aren’t really raising taxes &amp; slashing social security. You’re being screwed.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287923987656704
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Your life savings are being stolen through seignorage as you are being taxed into oblivion with your social Security beaten to a pulp. Meanwhile @paulkrugman and Robert Reich are playing with finger paints.

If you want help, do let me know. But I can’t watch this massacre again.
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287925577318400
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Either do something to save yourselves or continue to sit &amp; wait to be eaten by the Fed and @BLS_gov’s fakely precise single number [[CPI]]. 

I’ll debate ANYONE on this high enough up for you. But I can’t watch &amp; I’m done w economist abuse &amp; yelling at clouds. 

Thanks for asking.🙏
|timestamp=4:05 PM · Nov 6, 2022
}}
|timestamp=4:24 PM · Nov 6, 2022
}}


{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589298124191043584
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=They have two black boxes. One is called '''CPI construction'''. One is called the Fed. The theory is a narrative. The narrative doesn’t match the actions.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287901804007425
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces.
|quote=
{{Tweet
|image=invisi_college1-profile-s_fl5CzZ.jpg
|nameurl=https://x.com/invisi_college1/status/1589261786934493184
|name=invisible_college
|usernameurl=https://x.com/invisi_college1
|username=invisi_college1
|content=I have heard you say inflation looks more like a heat map, than a single number. Would you say a heat map by both geography and product? Good morning
|timestamp=2:21 PM · Nov 6, 2022
}}
|timestamp=4:05 PM · Nov 6, 2022
}}
{{Tweet
|image=pirate_hodl-profile-TgytYQMj.jpg
|nameurl=https://x.com/pirate_hodl/status/1589295169005752321
|name=Pirate Hodl
|usernameurl=https://x.com/pirate_hodl
|username=pirate_hodl
|content=And preference space is unknowable without just letting a free computation run.  Anything else involves some humans telling other humans what their preferences must be.
|timestamp=4:34 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589296342685601792
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Sure! And as Samuelson said, it may not even be integrable. And it may be that you are mixing stocks and flows. Etc. But then don’t say you are implementing Konus COLAs while pretending that mumbling “ superlative Index number are exact for flexible functional forms” makes sense.
|timestamp=4:39 PM · Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589296589717536769
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=The main issue here is simply super invidious priestly bull shit used to cover the destruction of people’s lives. Thanks!
|timestamp=4:40 PM · Nov 6, 2022
}}
{{Tweet
|image=pirate_hodl-profile-TgytYQMj.jpg
|nameurl=https://x.com/pirate_hodl/status/1589297448136343553
|name=Pirate Hodl
|usernameurl=https://x.com/pirate_hodl
|username=pirate_hodl
|content=Wow, I'm going to have to Google half of that. I feel too dumb for this conversation. Am I reading correctly that the above tweet is sarcasm, and you're saying there's a deeper intellectual problem here?
|timestamp=4:43 PM · Nov 6, 2022
}}
|timestamp=4:46 PM · Nov 6, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589783408938733568
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=We cannot continue to live with the information that determines who we are kept by a cabal. 

Free people are entitled to know what the hell is happening in their own lives. In their own country. In their own lungs.

It’s time we end “Sources &amp; Methods” as a catch all excuse.
🙏
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589783407156137984
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=If I have 1 piece of advice: Vote for whoever in Congress is most likely to hold PUBLIC hearings on

COVID Origins</br>
[[Jeffrey Epstein|Epstein Connection to IC]]</br>
[[UAP|UFOs]]</br>
[[CPI|CPI as Tax Increase/SS Reduction]]</br>
[[Labor Shortages|Fake Labor Shortages]]</br>
DHS meddling in Social Media</br>
Etc.

I don’t believe the US is still on the ballot.
|timestamp=12:54 AM · Nov 8, 2022
}}
|timestamp=12:54 AM · Nov 8, 2022
}}


{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1591472636454133760
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Other things that made/make me feel dumb:

Bernie Madoff’s Returns</br>
COVID origin questions = Racism</br>
Fauci</br>
Hilary’s Inevitability</br>
[[Quantum Gravity]]</br>
[[Jeffrey Epstein|Jeffrey Epstein’s CCY trading Claims]]</br>
[[CPI|CPI Construction]]</br>
[[UAP|UFO/UAP]]</br>
Chinese Graduate Students in STEM</br>
Open Borders</br>
Defund The Police</br>
DEI</br>
NIH
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1591468740767612931
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=I don’t think there is any history of my ever commenting on @SBF_FTX.

It is because I never deeply understood what was going on when it was explained to me. I’m not going to lie: I felt dumb.

Moral: be very careful celebrating success that you don’t understand for its own sake.
|quote=
{{Tweet
|image=SBF_FTX-profile-AKRRTAI-.jpg
|nameurl=https://x.com/SBF_FTX/status/1591089320290816000
|name=SBF
|usernameurl=https://x.com/SBF_FTX
|username=SBF_FTX
|content=2) I'm really sorry, again, that we ended up here.

Hopefully things can find a way to recover.  Hopefully this can bring some amount of transparency, trust, and governance to them.

Ultimately hopefully it can be better for customers.
|timestamp=4:31 PM · Nov 12, 2022
}}
|timestamp=4:31 PM · Nov 12, 2022
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|timestamp=4:46 PM · Nov 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1603869062945067009
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Word to the wise: watch when they figure out the work on [[CPI]] and, most importantly, [[Theory of Geometric Unity|GU]]. “Gonna be lit.” 

Same story, but on steroids: institutions can’t deny reality at this scale forever. Too many enormous lies to maintain indefinitely . The instit. [[Kayfabe]] collapse is coming.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1603866949129482240
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=So,I was  ̶d̶e̶r̶a̶n̶g̶e̶d̶,̶ ̶d̶e̶l̶u̶d̶e̶d̶,̶ ̶u̶n̶h̶i̶n̶g̶e̶d̶,̶ ̶p̶a̶r̶a̶n̶o̶i̶d̶,̶ ̶s̶t̶u̶p̶i̶d̶,̶ ̶u̶n̶i̶n̶t̶e̶n̶t̶i̶o̶n̶a̶l̶l̶y̶ ̶h̶i̶l̶a̶r̶i̶o̶u̶s̶,̶ ̶c̶r̶i̶n̶g̶e̶,̶ ̶p̶a̶t̶h̶e̶t̶i̶c̶,̶ ̶g̶r̶a̶n̶d̶s̶t̶a̶n̶d̶i̶n̶g̶,̶ ̶a̶ ̶c̶h̶a̶r̶l̶a̶t̶a̶n̶,̶ ̶n̶u̶t̶t̶y̶,̶ right all along?
|quote=
{{Tweet
|image=mtaibbi-profile.jpg
|nameurl=https://x.com/mtaibbi/status/1603857551287730176
|name=Matt Taibbi
|usernameurl=https://x.com/mtaibbi
|username=mtaibbi
|content=8. Federal intelligence and law enforcement reach into Twitter included the Department of Homeland Security, which partnered with security contractors and think tanks to pressure Twitter to moderate content.
|timestamp=9:00 PM · Dec 16, 2022
}}
|timestamp=9:37 PM · Dec 16, 2022
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|timestamp=9:45 PM · Dec 16, 2022
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