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CPI (edit)

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=== 2022 ===
=== 2022 ===
{{#widget:Tweet|id=1481272653209948160}}
 
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{{Tweet
{{#widget:Tweet|id=1481272655181279233}}
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272669664256009
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Can you smell what the @BLS_gov has cooking?
 
I, myself, cannot.
 
But then again
 I love pro-wrestling.
|media1=ERW-X-post-1481272669664256009-FI6JotjVEAEAD2Y.jpg
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272650777477121
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Even assuming all these sub-indexes are correct, meaningful, and were facing all of us equally, given the 4-49% spread, wouldn’t you expect '''CPI''' would be cast as field rather than a scalar variable? That the representative consumer would be clearly described?
 
Yet we see 7.0%
|media1=ERW-X-post-1481272650777477121-FI6Jn85VgAECfED.jpg
|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272653209948160
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content='''Basic CPI confusions''':
 
Mechanical vs Economic indexes: Baskets of goods vs baskets of tastes over goods.
 
Seasonality in Tastes: Bostonians never spill new eggnog on their new bikinis. You have December tastes in July as well as July tastes in July.
Taste at time T is Circular.
|timestamp=2:31 PM · Jan 12, 2022
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{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272654132776962
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Further Tastes evolve. So stylized dynamic seasonal taste modeling  should be a personalized map of S^1 X R^1 into preference space. Mapping that worldsheet of tastes to a point is totally unjustified in the literature. But we’ve built a machine that needs '''CPI''' as a scalar. Ergo..
|timestamp=2:31 PM · Jan 12, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272655181279233
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Then we claim '''CPI''' is a Cost Of Living index and that BLS has accepted the COL framework. Which it hasn’t. It mumbles something about “superlative index numbers” and “work of Erwin Diewert” to avoid the fact that it refuses to take into account how we actually substitute goods.
|timestamp=2:31 PM · Jan 12, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272656896802817
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=An intertemporal index in Theory is not a number. It’s group valued fields on path spaces that cannot be reduced to these simplistic games. Does that sound crazy to you? Then try this on:
 
Imagine we came up with “the American temperature reading” or “US Eyeglass prescription.”
|timestamp=2:31 PM · Jan 12, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1481272658973323265
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=So as you hear men in bow ties solemnly opine about analyst estimates, and carefully coifed anchor-women somberly explain  the new jump in prices from 6.8% to 7.0%, remember this: you look down on people who watch professional wrestling. And ask yourself
why do I believe this?
|timestamp=2:31 PM · Jan 12, 2022
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|timestamp=2:31 PM · Jan 12, 2022
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