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Boskin Commission (edit)

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|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|username=EricRWeinstein
|content=The moral of the story to me is this:
|content=The [[Morals|moral]] of the story to me is this:


We canā€™t have outside folks calculating and theorizing while the inside economists are fudging and cooking the books.
We canā€™t have outside folks calculating and theorizing while the inside economists are fudging and cooking the books.
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|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|username=EricRWeinstein
|content=One of the things my trolls like to point to is outrageous claims.
|content=One of the things my trolls like to point to is outrageous [[Claims|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'''.
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 Commission|Boskin Commissioners]].


Yet itā€™s admitted:
Yet itā€™s admitted:
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|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|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.
|content=In any event, I stand by my [[Claims|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.
And I promise you no leading economist will call bullshit to debate this.
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|timestamp=6:06 PM Ā· Jul 27, 2025
|timestamp=6:06 PM Ā· Jul 27, 2025
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1990534949397803328
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=So to sum it up: he is not wrong.
I think what I said to him is that after the 1950s, [[Inflation|inflation]] became a modern tool/weapon rather than a measurement starting with the [[Price Statistics Review Committee (Stigler Commission)|Stigler Commisson]]. I explained my view that the @BLS_gov is a quiet version of the @federalreserve. An insanely powerful ā€œStatisticsā€ organization where economists actually implement policy by simply chosing how to compute economic numbers.
Numbers that just so happen to automatically transfer trillions and touch every aspect of our lives.
He already knew a lot of the [[Boskin Commission|Boskin]]/[[Gauge Theory|GaugeTheory]] story from Harvard. Less about [[George Stigler|Stigler]] if I remember correctly.
Iā€™d love to ask Larry about all this now.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1990530011191992536
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=I believe [[Jeffrey Epstein|Epstein]] is referring implicitly to the ā€œ[[Price Statistics Review Committee (Stigler Commission)|Stigler Commission]]ā€ of 1959-1961.
This comes from a phone conversation around 2004.
|quote=
{{Tweet
|image=nkulw-profile-gpcdbDoT.jpg
|nameurl=https://x.com/nkulw/status/1988837873513033941
|name=noah kulwin
|usernameurl=https://x.com/nkulw
|username=nkulw
|content=ā€œinflation is a concept from the 50sā€ what did he meanā€¦
|media1=nkulw-X-post-1988837873513033941-G5nFgW9XsAAL4lW.jpg
|timestamp=5:14 AM Ā· Nov 12, 2025
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|timestamp=9:18 PM Ā· Nov 17, 2025
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1990530014107107416
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=In a telephone conversation around 2004, he somehow was already well aware of the [[Boskin Commission|1996 Boskin Commission]] and Harvard Economics department burying our work on [[Gauge Theory]] in economics called ā€œ[[Geometric Marginalism]]ā€. That seemed pretty weird at the time.
With the benefit of hindsight and scrutiny, I now understand that he was connected to AT LEAST two of my colleagues from my time as an Economist in the @HarvardEcon department and @nber. To say nothing of the fact that he was connected to AT LEAST two more of colleagues from my time as an math graduate student in the @HarvardMath department. He was evidently in the background of *everywhere* I was over three and a half decades from 1985-2019. Itā€™s astounding.
I believe from memory what he means is the following:
In the 1950s inflation was not yet the tool of policy that it became after the [[Price Statistics Review Committee (Stigler Commission)|ā€œPrice Statistics Review Committeeā€]] around 1960, and the indexing of Social Security to [[CPI]] in the mid 1970s. It was a simple gauge.
After that time, it became a quiet tool. And a weapon. You could use it to transfer not billionsā€¦but trillions. Why? Because a GIANT amount of all U.S. Federal receipts are indexed.
He thought it was funny that we expected our work to be heard given that trillions were being stolen.
I hope that there is a transcript of this conversation as well as the gravity phone calls about [[Theory of Geometric Unity|GU]]. If so, it will likely point back to Litauer and Rosovsky, Jorgenson and Summers.
|timestamp=9:18 PM Ā· Nov 17, 2025
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|timestamp=9:38 PM Ā· Nov 17, 2025
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