Boskin Commission: Difference between revisions

Boskin Commission (edit)

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 The '''Boskin Commission''', formally the Advisory Commission to Study the Consumer Price Index, was established in 1995 by the U.S. Senate, with the ostensible mandate to examine the accuracy of the Consumer Price Index (CPI), which measures inflation. Chaired by economist Michael Boskin, the commission concluded in its 1996 report that the CPI overstated inflation by about 1.1 percentage points annually.
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 '''- Eric Weinstein''', Dec 16, 2019, on [[16: Tyler Cowen - The Revolution Will Not Be Marginalized|The Portal Ep. 16: Tyler Cowen - The Revolution Will Not Be Marginalized]]
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+<blockquote>
+''Let me explain the previous slide of Boskin Commissioner Prof. Robert Gordon in plain English.
+''Harvard’s Samuel W. Morris Professor Dale Jorgenson told the Boskin Commission (created by the senators) that to shave an even one TRiLLION dollars ($1,000,000,000,000) off of social security payments they would merely need to justify an oddly specific 1.1% overstatement in the consumer price index.
+''Which they did. “Somehow”.
+''“Somehow” involved destroying anyone who said “CPI doesn’t work like that at all! It’s not a number you can dial to get consequences you like.”
+'''- Eric Weinstein''' April 15, 2025, on [https://twitter.com/EricRWeinstein/status/1912201139522846957 X]
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