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CPI (edit)

Revision as of 20:20, 20 October 2025

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|nameurl=https://x.com/EricRWeinstein/status/1382349288324276225
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Many years ago 2002-6, I would give talks about Madoff & Epstein using “Black Arts Capital LLC” as a proxy, with the tag line “We’d tell you what we’re doing, but then...”
 
I guessed BM might be front-running his own business. Boy was I wrong on the specifics.
 
RIP Bernie Madoff.
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|nameurl=https://x.com/EricRWeinstein/status/1382349286495555595
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=“In today’s regulatory environment It’s virtually impossible to violate rules. And this is something the public really doesn’t understand...It’s impossible for a violation to go undetected; certainly not for an extended period of time.” -Former NASDQ Chairman, Bernie Madoff
|timestamp=3:05 PM · Apr 14, 2021
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|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1382349287284117507
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=This is what institutional betrayal looks like when you stare straight in its eyes: relaxed, confident, respectable, smooth, knowledgeable.
 
It’s COVID pronouncements. Or String Theory. Or '''CPI''' revisions. Or “[[Labor Shortages]]”. Or fast-track trade treaties:
 
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|timestamp=3:05 PM · Apr 14, 2021
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|timestamp=3:05 PM · Apr 14, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1382366173073793027
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=The moral of the story to me is this:
 
We can’t have outside folks calculating and theorizing while the inside economists are fudging and cooking the books.
 
And calling me crazy won’t change a thing when this is finally understood. It’s simply institutional academic malpractice.
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|nameurl=https://x.com/EricRWeinstein/status/1382366169257021441
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=One of the things my trolls like to point to is outrageous claims.
 
One of my most *outrageous* is that my joint work on a 2nd Marginal Revolution for economics was scuttled by the Harvard Department of Economics '''Boskin Commissioners'''.
 
Yet it’s admitted:
 
https://ritholtz.com/2010/01/why-michael-boskin-deserves-our-contempt/
|timestamp=4:12 PM · Apr 14, 2021
|media1=Greg-Mankiw-CPI-Boskin-Ey8mtHXVoAMUYqS.jpg
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|nameurl=https://x.com/EricRWeinstein/status/1382366170766987269
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=It’s kind of an interesting puzzle. Why is it that a Harvard Professor (Mankiw) can say the truth which is that this was a conspiracy to cut entitlements. But the only two people who can CALCULATE a COLA for changing tastes are crazy for saying their work was deliberately buried?
|timestamp=4:12 PM · Apr 14, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1382366171542876166
|name=Eric Weinstein
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|username=EricRWeinstein
|content=In any event, I stand by my claim. The [[Boskin Commission]] was organized by Moynihan and Packwood to deliberately break the '''CPI''' in a precise amount to avoid the US paying 1 trillion dollars over 10 years.
 
And I promise you no leading economist will call bullshit to debate this.
|timestamp=4:12 PM · Apr 14, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1382366172302041100
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=On of the reasons is that one of the commissioners bragged about this being the motivation behind the scenes.
 
Okay. So why can’t we have gauge theoretic economics reevaluated? Everyone admits this is what happened. Why continue to bury the advance?
 
I dunno. But it’s amazing!
|timestamp=4:12 PM · Apr 14, 2021
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|timestamp=4:12 PM · Apr 14, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1392546868006035460
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Moral: whoever constructs '''CPI''' and GDP numbers in a dynamic economy is in a position to fake higher growth and lower inflation if they are also in a position to stop the field from debating methodological advances that would restrict the freedom to make up index number recipes. 🙏
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|nameurl=https://x.com/EricRWeinstein/status/1392546863098695681
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Claim: when it comes to inflation and growth, Economists don’t even understand the theory of their *own* price and quantity indices mathematically:
 
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|nameurl=https://x.com/APompliano/status/1392499942846083082
|name=Anthony Pompliano
|usernameurl=https://x.com/APompliano
|username=APompliano
|content=WILD IDEA: Maybe the economists don't actually understand what is going on right now? https://x.com/disclosetv/sta/disclosetv/status/1392488787838742536
|timestamp=6:26 PM · May 12, 2021
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|timestamp=6:26 PM · May 12, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1392546864537374720
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=The problem of inflation index calculation has not been adequately updated since Ragnar Frisch destroyed Irving Fisher’s attempt to axiomatize economic indices following the last great advances of F. Divisia and A. Konüs on continuous and welfare indices respectively.
|timestamp=6:26 PM · May 12, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1392546865275555840
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Economists are holding their own field back by retaining their freedom to just cook up any revised index they want.
 
It’s as if physicists retained the right to define temperature differently every year based on a closed door meeting and manufactured new thermometers thereafter.
|timestamp=6:26 PM · May 12, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1392546866005307392
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=If you’re going to push us all to move to “true” “economic” indices & chain them to reflect dynamic actors (or to disguise true inflation!), you would end up chaining ordinal preferences. And you can’t do that without gauge theory because it is a problem in parallel transport.
|timestamp=6:26 PM · May 12, 2021
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|nameurl=https://x.com/EricRWeinstein/status/1392546866756083712
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Watch the US '''CPI''' revisions and methodology going forward. People who like to print money tend to want to change their definition of inflation and therefore don’t like anyone taking away freedom to make up methodologies to suit their political objectives involving wealth transfer.
|timestamp=6:26 PM · May 12, 2021
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|timestamp=6:27 PM · May 12, 2021
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