Editing Boskin Commission (section)

=== 2022 ===

{{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 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=
{{Tweet
|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/1524177299385462784
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=I cannot be objective about my collaborator @PiaMalaney, but I can say that it would be a good idea to review her critique by the '''Boskin commissioners''', who I found to represent the “Psst. Just tell us what you need the number to be and we can help you out.” school of economics.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524175742715633664
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Well let us give economists their due.

The most cogent economists on the subject of price indices include:

Bert M Balk (Statistics Netherlands)</br>
Carl Christian von Weizsäcker</br>
Paul Samuelson and S Swamy</br>
Amartya Sen</br>
Franklin Fisher and Karl Shell</br>
and Erwin Diewert (very uneven).
|timestamp=11:53 PM · May 10, 2022
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|timestamp=11:59 PM · May 10, 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]]?
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{{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 [[Borjas Rectangle Theory|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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