CPI: Difference between revisions

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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=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. 🙏
|media1=ERW-X-post-1491813693042008067-FLP8pUdUcAEwwlo.jpg
|timestamp=4:37 PM · Feb 10, 2022
|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
}}
|timestamp=4:28 PM · Feb 10, 2022
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