Jump to content

CPI: Difference between revisions

CPI (edit)

Revision as of 04:40, 22 October 2025

14,401 bytes added ,  22 October
→‎2022
Line 2,029: Line 2,029:
The *entire* subject is off. [[Peer Review|Peer review]] won’t help. 🙏
The *entire* subject is off. [[Peer Review|Peer review]] won’t help. 🙏
|media1=ERW-X-post-1491813693042008067-FLP8pUdUcAEwwlo.jpg
|media1=ERW-X-post-1491813693042008067-FLP8pUdUcAEwwlo.jpg
|timestamp=4:37 PM ¡ Feb 10, 2022
|thread=
|thread=
{{Tweet
{{Tweet
Line 2,072: Line 2,071:
|timestamp=4:28 PM ¡ Feb 10, 2022
|timestamp=4:28 PM ¡ Feb 10, 2022
}}
}}
|timestamp=4:37 PM ¡ Feb 10, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492140102486740993
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=7.5%. You are all experiencing 7.5%
|media1=ERW-X-post-1492140102486740993-FLUlg8GWQAgbq7z.jpg
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492136973292687365
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You are experiencing 7.5% inflation.
You are getting sleepy. So very sleepy.
You no longer need to know how hedonic adjustments are calculated.
You don’t need to worry about '''C-CPI-U''', tax brackets, Social Security adjustments.
<nowiki>#</nowiki>EconTwitter’s got this. Your lids feel heavy now.
|timestamp=2:02 PM ¡ Feb 11, 2022
|media1=ERW-X-post-1492136973292687365-FLUiq2hXMBEN2kn.jpg
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492136978221080583
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Relax. Think of a summer’s day with a light breeze.
Why worry about May 2020 after all? It simply causes stress to read so many words.
There was a data series discontinuity. It is probably all an artifact. A data flaw. Mother will take care to make sure baby is safe and warm.
|timestamp=2:02 PM ¡ Feb 11, 2022
|media1=ERW-X-post-1492136978221080583-FLUirEQWUAM-M-z.jpg
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492138040990617604
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Don’t worry about the 7%. Just remember the .5%. That precision tells you @BLS_gov knows what it is doing.
Focus on the .5% and remember: it’s only your taxes, wages, life savings  and benefits on the line.
It’s not your health. You can read a book. Money, isn’t everything…
|timestamp=2:06 PM ¡ Feb 11, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492139286317215752
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Let the experts handle this. People study this for years. Don’t listen to non experts. Experts have this. Expert expertise is so very expert that you the non-expert may come to fear expertise if you listen to non-experts.
I’m sure if there is a problem they will warn you. #2008
|timestamp=2:11 PM ¡ Feb 11, 2022
}}
|timestamp=2:14 PM ¡ Feb 11, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492147876067262474
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=COMPETITION: which economists can truly explain the .5% precision in 7.5% '''CPI'''? #EconTwitter
Go.
|timestamp=2:45 PM ¡ Feb 11, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492521275708915713
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You’d DEMAND a field map so that they didn’t quote a temperature in Miami when you lived in Nome Alaska.
Ok.
So @BLS_gov quotes you 7.5% inflation and NONE of you know what it represents, and NO economist on #EconTwitter will explain the .5% precision?
Demand '''CPI''' be a field.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1492519523873918976
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Imagine @NOAA were like @BLS_gov and released a single number called CTI: Consumer Temperature Index. It was a measurement of the “Temperature Change In America” computed in some random US city that they picked &amp; changed at their discretion to represent that faced by Americans.
|timestamp=3:22 PM ¡ Feb 12, 2022
|media1=ERW-X-post-1492519523873918976-FLZ-mMdXMAYYGHH.jpg
}}
|timestamp=3:29 PM ¡ Feb 12, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1494654711051468801
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=“Immigration has no negative effects.”
“I won’t make you pregnant.”
“Two weeks to flatten the curve.”
“NAFTA is a rising tide lifting all ships.”
“US STEM employers are facing a deep labor shortage.”
“Inflation is transient.”
“CPI is a measure of the COL.”
“Iraq has WMD.”
|quote=
{{Tweet
|image=sama-profile-k43GMz63.jpg
|nameurl=https://x.com/sama/status/1494407089279537159
|name=Sam Altman
|usernameurl=https://x.com/sama
|username=sama
|content=genuinely curious:
the fed has smart people. how were they so wrong about inflation being transient, when it seemed so obvious to most people that it wasn't going to be?
|timestamp=8:23 PM ¡ Feb 17, 2022
}}
|timestamp=12:47 PM ¡ Feb 18, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1496608999839440897
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=This happened. It hasn’t always been like this. This is still possible. We could do this with Epstein, Wuhan/COVID, Bagram, '''CPI/Inflation''', Stock Trading in Congress, Tech Censorship of political speech at government request:
cc:@tedcruz , @BernieSanders
{{#widget:YouTube|id=VvKMpD2c9b0}}
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1496606786551369728
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Presidents, Senators, Representatives, Agency Heads, Operatives, etc. in a democracy, must and can be *forced* into accountability. This is what Ronald Reagan sounded like when forced out of prolonged silence over the Iran-Contra scandal:
{{#widget:YouTube|id=R67CH-qhXJs}}
|timestamp=10:03 PM ¡ Feb 23, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1496607512589520899
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You can *force* your representatives to hold deep painful searching hearings. What is our problem with forcing open hearings on Epstein, Wuhan/Covid-19, Afghanistan, '''CPI'''?
{{#widget:YouTube|id=ct3UxB696D4}}
|timestamp=10:06 PM ¡ Feb 23, 2022
}}
|timestamp=10:12 PM ¡ Feb 23, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1509216570756661250
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Economists: Ken Arrow taught us we can’t aggregate rational preferences into the preferences of a mythical super-individual to represent society.
Also Economists: Konus taught us that Inflation is measured relative to agents’ PERSONAL preferences.
BLS Economists: US '''CPI''' is 7.9%
|timestamp=5:10 PM ¡ Mar 30, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524381418188525568
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=A cost of living index is something like a group valued field on path spaces of seasonal loops of dynamic preferences and prices. It’s not a damn number. It’s just not. This is theater.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524379453115219968
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=This is what meteorologists condition you to think of as “reporting the weather”:
Contour lines. .</br>
Dynamic fronts.</br>
Probability distributions for rain.</br>
Vector fields for wind.</br>
Scalar fields of pressure &amp; temperature
By contrast, Economists tell us your '''CPI''' is 8.3%. Discuss.
|timestamp=1:22 PM ¡ May 11, 2022
|media1=ERW-X-post-1524379453115219968-FSevCJPVsAEqdQB.jpg
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1524380306345963520
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=[Yes there are sub reports on inflation. But the use of, and focus upon, a single number with opaque methodology and misleading description is preposterous. Bad theory. Bad economics. Bad government.]
|timestamp=1:26 PM ¡ May 11, 2022
}}
|timestamp=1:30 PM ¡ May 11, 2022
}}
}}


{{#widget:Tweet|id=1492136973292687365}}
 
{{#widget:Tweet|id=1492147876067262474}}
{{Tweet
{{#widget:Tweet|id=1492521275708915713}}
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526604563880415232
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=<nowiki>#</nowiki>inflation '''#CPI''' #CostOfLiving
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526603207308288000
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=You seem to be the 1st to ask. Been waiting years for this question. Thank you!
 
Take 3 stylized goods:
 
F = Food in kgs
G = Gasoline in ltrs
H = Housing as Rent in sq meters
 
Assume Cobb-Douglas tastes with 2 exponents a_F, b_G (so c_H=1-a_F-b_G) & prices p_0, p_1in R^3 x R^3.
|quote=
{{Tweet
|image=koocabeans-profile-LBZHbfbl.jpg
|nameurl=https://x.com/koocabeans/status/1526572010536673281
|name=porkchopps
|usernameurl=https://x.com/koocabeans
|username=koocabeans
|content=@EricRWeinstein so how do we make a gauge theory economic chart similar to your meteorological analogy?
|timestamp=2:35 PM ¡ May 17, 2022
}}
|timestamp=4:39 PM ¡ May 17, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526603209023770624
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=The COST OF LIVING that @BLS_gov pretends to calculate, for any price vectors as above is now a function on the 2-simplex (a_F,b_g) called the Laspeyres Konus formula.
 
Only one computer programmer needs to be able to understand the above. She can build the function in python.
|timestamp=4:39 PM ¡ May 17, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526604125344960512
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=That function is akin to the temperature or pressure I keep talking about in the standard inflation theory. From there, we move to what is wrong with the standard theory. But this would already show you what is wrong with BLS’ crazy claims to be computing the cost of living. 🙏
|timestamp=4:39 PM ¡ May 17, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1526604125344960512
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=That is not gauge theoretic yet because we are assuming fixed tastes. But we have to understand the **mountain** of layered nonsensical assumptions in '''CPI''' measurements of COL inflation. '''CPI''' as COL isn’t even consistent with pre-gauge theoretic theory. It’s sort of unbelievable.
|timestamp=4:42 PM ¡ May 17, 2022
}}
|timestamp=4:44 PM ¡ May 17, 2022
}}




{{#widget:Tweet|id=1494654711051468801}}
{{Tweet
{{#widget:Tweet|id=1496607512589520899}}
|image=Eric profile picture.jpg
{{#widget:Tweet|id=1496608999839440897}}
|nameurl=https://x.com/EricRWeinstein/status/1545705660259520513
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=We should talk about the honest calculation &amp; theory of Cost Of Living. Perhaps sooner rather than later.


We’re lying about what we’re doing in order to produce a single magical '''CPI number''' that misleads the public, obscures central bank intervention and transfers massive wealth.
|quote=
{{Tweet
|image=steve_hanke-profile-3zbE7bAT.jpg
|nameurl=https://x.com/steve_hanke/status/1545543022586302466
|name=Steve Hanke
|usernameurl=https://x.com/steve_hanke
|username=steve_hanke
|content=Take a look at the crazy lines at the gas pumps in Sri Lanka:
|media1=steve_hanke-X-post-1545543022586302466.jpg
|timestamp=10:59 PM ¡ Jul 8, 2022
}}
|timestamp=9:45 AM ¡ Jul 9, 2022
}}


{{#widget:Tweet|id=1509216570756661250}}
{{#widget:Tweet|id=1524379453115219968}}
{{#widget:Tweet|id=1526604125344960512}}
{{#widget:Tweet|id=1545705660259520513}}


{{Tweet
{{Tweet
Line 2,344: Line 2,660:
}}
}}


{{#widget:Tweet|id=1589298124191043584}}


{{Tweet
{{Tweet
Line 2,353: Line 2,667:
|usernameurl=https://x.com/EricRWeinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|username=EricRWeinstein
|content=@pirate_hodl They have two black boxes. One is called CPI construction. One is called the Fed. The theory is a narrative. The narrative doesn’t match the actions.
|content=They have two black boxes. One is called '''CPI construction'''. One is called the Fed. The theory is a narrative. The narrative doesn’t match the actions.
|thread=
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589287901804007425
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces.
|quote=
{{Tweet
|image=invisi_college1-profile-s_fl5CzZ.jpg
|nameurl=https://x.com/invisi_college1/status/1589261786934493184
|name=invisible_college
|usernameurl=https://x.com/invisi_college1
|username=invisi_college1
|content=I have heard you say inflation looks more like a heat map, than a single number. Would you say a heat map by both geography and product? Good morning
|timestamp=2:21 PM ¡ Nov 6, 2022
}}
|timestamp=4:05 PM ¡ Nov 6, 2022
}}
{{Tweet
|image=pirate_hodl-profile-TgytYQMj.jpg
|nameurl=https://x.com/pirate_hodl/status/1589295169005752321
|name=Pirate Hodl
|usernameurl=https://x.com/pirate_hodl
|username=pirate_hodl
|content=And preference space is unknowable without just letting a free computation run.  Anything else involves some humans telling other humans what their preferences must be.
|timestamp=4:34 PM ¡ Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589296342685601792
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=Sure! And as Samuelson said, it may not even be integrable. And it may be that you are mixing stocks and flows. Etc. But then don’t say you are implementing Konus COLAs while pretending that mumbling “ superlative Index number are exact for flexible functional forms” makes sense.
|timestamp=4:39 PM ¡ Nov 6, 2022
}}
{{Tweet
|image=Eric profile picture.jpg
|nameurl=https://x.com/EricRWeinstein/status/1589296589717536769
|name=Eric Weinstein
|usernameurl=https://x.com/EricRWeinstein
|username=EricRWeinstein
|content=The main issue here is simply super invidious priestly bull shit used to cover the destruction of people’s lives. Thanks!
|timestamp=4:40 PM ¡ Nov 6, 2022
}}
{{Tweet
|image=pirate_hodl-profile-TgytYQMj.jpg
|nameurl=https://x.com/pirate_hodl/status/1589297448136343553
|name=Pirate Hodl
|usernameurl=https://x.com/pirate_hodl
|username=pirate_hodl
|content=Wow, I'm going to have to Google half of that. I feel too dumb for this conversation. Am I reading correctly that the above tweet is sarcasm, and you're saying there's a deeper intellectual problem here?
|timestamp=4:43 PM ¡ Nov 6, 2022
}}
|timestamp=4:46 PM ¡ Nov 6, 2022
|timestamp=4:46 PM ¡ Nov 6, 2022
}}
}}
Retrieved from "https://theportal.wiki/wiki/Special:MobileDiff/23193"