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CPI: Difference between revisions
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|content=It’s interesting how you parsed this. | |content=It’s interesting how you parsed this. | ||
What makes this “not mainstream” is not controversy. It’s talking about hard issues like gauge theory in economics as a means to stop wealth transfers from | What makes this “not mainstream” is not controversy. It’s talking about hard issues like [[Gauge Theory of Economics|gauge theory in economics]] as a means to stop wealth transfers from [[CPI|CPI hacking]] as we touched on in this episode. Hopefully it is *not* a shock show. 🙏 | ||
|timestamp=5:17 PM · Dec 18, 2019 | |timestamp=5:17 PM · Dec 18, 2019 | ||
}} | }} | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=Heather gets two shoutouts by accident. I was moving her name around to make room for an economist who I happen to collaborate with and be married to: @PiaMalaney who stood against | |content=Heather gets two shoutouts by accident. I was moving her name around to make room for an economist who I happen to collaborate with and be married to: @PiaMalaney who stood against [[CPI|CPI manipulation]], lying about trade, etc. apologies to both. | ||
|thread= | |thread= | ||
{{Tweet | {{Tweet | ||
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|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. | ||
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 | 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 it’s admitted: | Yet it’s admitted: | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=X) Loss of | |content=X) Loss of [[Academic Freedom]] across the board in Academe. | ||
Y) Loss of the Lancet and other publications as trusted non-political sources of fact. | Y) Loss of the Lancet and other publications as trusted non-political sources of fact. | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=I would take a look at [https://www.nobelprize.org/uploads/2018/06/samuelson-lecture.pdf | |content=I would take a look at [https://www.nobelprize.org/uploads/2018/06/samuelson-lecture.pdf Paul Samuelson’s Nobel lecture]. He goes into depth on [[Revealed Preference|revealed preference]] and preference field non-integrability. I think we have lost track of the fact that integrability of tastes was never actually settled except by fiat. Will talk on this. | ||
|thread= | |thread= | ||
{{Tweet | {{Tweet | ||
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When Mechanical = COL, it is called an exact index. You are not saying that BLS believes | When Mechanical = COL, it is called an exact index. You are not saying that BLS believes | ||
[[CPI|Laspeyres CPI]] = Konus COL | |||
I assume, because that is false. So what are you and BLS saying? | I assume, because that is false. So what are you and BLS saying? | ||
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A) BLS stops lying about COL framework. Stops hand waving about economic vs mechanical indexes. | A) BLS stops lying about COL framework. Stops hand waving about economic vs mechanical indexes. | ||
B) Stop readying | B) Stop readying [[CPI|c-cpi-u]] to take over from [[CPI|cpi-u]]. We can see you coming. | ||
C) Move towards personalized CPI using inputs. | C) Move towards personalized CPI using inputs. | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content= | |content=[[CPI|Basic CPI confusions]]: | ||
Mechanical vs Economic indexes: Baskets of goods vs baskets of tastes over goods. | Mechanical vs Economic indexes: Baskets of goods vs baskets of tastes over goods. | ||
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|usernameurl=https://x.com/EricRWeinstein | |usernameurl=https://x.com/EricRWeinstein | ||
|username=EricRWeinstein | |username=EricRWeinstein | ||
|content=Bottom line: | |content=Bottom line: [[CPI|C-CPI-U]] ISN’T understood by economists & is waiting to replace [[CPI|CPI-U]]. Why? To raise indexed taxes & slash indexed Medicare and Social Security. Think! | ||
[[CPI]] just isn’t a number. It’s supposed to be a field on a path space of loops. | [[CPI]] just isn’t a number. It’s supposed to be a field on a path space of loops. | ||
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You no longer need to know how hedonic adjustments are calculated. | You no longer need to know how hedonic adjustments are calculated. | ||
You don’t need to worry about | You don’t need to worry about [[CPI|C-CPI-U]], tax brackets, Social Security adjustments. | ||
<nowiki>#</nowiki>EconTwitter’s got this. Your lids feel heavy now. | <nowiki>#</nowiki>EconTwitter’s got this. Your lids feel heavy now. | ||
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|content=We should talk about the honest calculation & theory of Cost Of Living. Perhaps sooner rather than later. | |content=We should talk about the honest calculation & 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 | We’re lying about what we’re doing in order to produce a single magical [[CPI|CPI number]] that misleads the public, obscures central bank intervention and transfers massive wealth. | ||
|quote= | |quote= | ||
{{Tweet | {{Tweet | ||