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CPI (edit)

Revision as of 23:58, 19 October 2025

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|name=Eric Weinstein
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|usernameurl=https://x.com/EricRWeinstein
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|content=Moral: Gauge Theory fixes this intellectual corruption problem of economic imperialism, and #btc, blockchains and Crytpo can help.
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|content='''CPI''' is broken. Why?
 
Think of '''CPI''' as a gauge like a thermometer. You can’t have politically motivated folks making your thermometers or they can change the design to cover up climate change. Likewise you can’t have economists changing the gauge to disguise the effect of printing.
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|content=A crypto native '''CPI''' governed on the blockchain to create a decentralized stablecoin people can rely on to keep their standard of living the same across time. A true alternative to fiat rather than a speculative investment asset like most other coins.
|timestamp=6:52 AM · Jun 15, 2021
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|timestamp=6:52 AM · Jun 15, 2021
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|content=The economists can’t yet compute a dynamic Cost-Of-Living-Adjustment or COLA or “Chained Changing Preference Ordinal Welfare Konus Index” to be perfectly pedantic. Not because it doesn’t exist. But because they don’t have the math and don’t want to lose their finger on the scale.
|timestamp=6:52 AM · Jun 15, 2021
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|content=We must take '''CPI''' away from those who wish to back out a political agenda of printing money, raising our taxes by indexed tax brackets and slashing our indexed social security & Medicare.
 
Economics can’t construct dynamic economic gauges like '''CPI'''/GDP until it learns [[Gauge Theory|gauge thy]].
|timestamp=6:52 AM · Jun 15, 2021
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|content=But more importantly, we have a culture that economics literally trumpets (and I swear I am not making this up) “Economic Imperialism”. It is “we know math and you don’t”-culture.
 
No. They don’t know their own math. I will debate any high ranking economist on this point.
|timestamp=6:52 AM · Jun 15, 2021
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|content=It’s time to reveal that economics, far from embracing math or having physics envy, is deliberately avoiding solutions to old problems so that it can make up new gauges for '''CPI'''/GDP at will while telling the rest of the soft sciences “We know your field better because we do math.”
|timestamp=6:52 AM · Jun 15, 2021
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|content=No. Economics is an avoiding gauge theory, connections, Lie Groups, etc so it can retain its political relevance as an expert consultancy. I’m with the crypto folks on this. Our economy must be protected from Seigniorage (printing money) and '''CPI''' tampering (e.g. [[Boskin Commission]]).
|timestamp=6:52 AM · Jun 15, 2021
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|content='''CPI''' should not
MUST NOT
be adjustable to disguise inflation. It needs to be protected from the FED diluting the power of money and the BLS being free to disguise the effects by changing the method of construction.
 
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|timestamp=6:52 AM · Jun 15, 2021
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|content=End the forced wealth transfers of central bankers covering up their own failures with “Relief”, “Easing”, “Stimulous”, “Rescues”, “Toxic Asset Purchases”, and other bailouts of our incompetent financial overlords.
 
We must protect '''CPI''' from economists disguising wealth dilution.
|timestamp=6:52 AM · Jun 15, 2021
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|content=P.S. before you remind me how arrogant this sounds, keep in mind, that I am willing to debate this publicly with any leading economist eager to defend the central bankers and triumphalist theorists openly bragging about their math. Read this, and be sick:
 
https://nber.org/system/files/working_papers/w7300/w7300.pdf
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|timestamp=6:59 AM · Jun 15, 2021
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=== 2022 ===
=== 2022 ===
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