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CPI: Difference between revisions
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=Great news, given that *every* tick of your BLS CPI forces billions of dollars to change hands. | |content=Great news, given that *every* tick of your BLS [[CPI]] forces billions of dollars to change hands. | ||
"The concept of the cost-of-living index guides the CPI measurement objective and is the standard by which any bias in the CPI is defined." | "The concept of the cost-of-living index guides the [[CPI]] measurement objective and is the standard by which any bias in the CPI is defined." | ||
I found this on @BLS_gov site. Is it true? | I found this on @BLS_gov site. Is it true? | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=I cannot find any place where the preference maps needed to construct a Laspeyres Konus COL index are gleaned through revealed preference. I will go so far as to say that this is bait & switch. There is a CLAIM of a COL framework, but no one is constructing anything of the kind. | |content=I cannot find any place where the preference maps needed to construct a Laspeyres Konus COL index are gleaned through [[Revealed Preference|revealed preference]]. I will go so far as to say that this is bait & switch. There is a CLAIM of a COL framework, but no one is constructing anything of the kind. | ||
|timestamp=6:13 PM · Nov 6, 2021 | |timestamp=6:13 PM · Nov 6, 2021 | ||
}} | }} | ||