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Boskin Commission: Difference between revisions
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=Why are they holding back the theory of index numbers (CPI, GDP)? Because the more innovation, the less freedom to dial our gauges to whatever values the political patrons of macro economics ask. The field is literally held back by leading economists to preserve their own power. | |content=Why are they holding back the theory of index numbers ([[CPI]], GDP)? Because the more innovation, the less freedom to dial our gauges to whatever values the political patrons of macro economics ask. The field is literally held back by leading economists to preserve their own power. | ||
|timestamp=9:13 PM · Aug 5, 2021 | |timestamp=9:13 PM · Aug 5, 2021 | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=Around 1996, '''Boskin Commissioner''' Jorgensen held back the biggest unambiguous advance in mathematical economics that I am aware of in decades. It would have interfered with their finding that the CPI was 1.1% overstated. He calculated 1.1% would save a round Trillion for U.S. | |content=Around 1996, '''Boskin Commissioner''' Jorgensen held back the biggest unambiguous advance in mathematical economics that I am aware of in decades. It would have interfered with their finding that the [[CPI]] was 1.1% overstated. He calculated 1.1% would save a round Trillion for U.S. | ||
|timestamp=9:13 PM · Aug 5, 2021 | |timestamp=9:13 PM · Aug 5, 2021 | ||
}} | }} | ||