It’s multiple individuals/groups. This is not small or confined. Whatever this is, it’s neither tiny nor unified. It may be a cover narrative, disinformation, propaganda, a cult, mass delusion, etc. But what it is not is a prank. single individual/group, or garden variety scam.
@SteveCicirelli Impossibly good.
@SteveCicirelli Impossibly good. Read More »
@ShaneBeGood Keep the faith Shane. Thank you!
@ShaneBeGood Keep the faith Shane. Thank you! Read More »
You mean 6.0%. That’s a claim about the precision with which economists calculated our national inflation rate. Just explain to me first what this precise number actually represents given how much is now on the line with SVB, Social Security & Taxes. Like I’m 5. And stupid. 🙏 https://t.co/Pt1od9Toqa Quoted tweet from @MarioNawfal: #BREAKING: CPI
Q4: How much does this entire COL framework rest on the work of Erwin Diewert’s claims of superlative index numbers being exact for flexible functional forms? Q5: Were homothetic preferences assumed to get one number with this precision? On what basis was that justified?
Q4: How much does this entire COL framework rest on the work of Erwin Diewert’s … Read More »
Q6: Can we discuss this scientifically as technical people w/o derision? Why does Toto have to pull back the curtain on the Great And Powerful FED/BLS magic show? Why can’t we discuss this fake precision and conceptual framework using our best ideas & minds? Why do a magic show?
I think we are having our lives jeopardized. Everything we worked for, taxed & diluted by magic numbers produced by unaccountable technical people sheltered from our even more technical people’s questions. So, explain it to me like I’m 5. And very very stupid. Thanks in advance.
I think we are having our lives jeopardized. Everything we worked for, taxed & diluted … Read More »
If you need a North Star to guide you, focus on the claim of *precision*. Q1: How is the “representative consumer” constructed? Q2: Which formula? Laspeyres? Lowes? Konus? Q3: Why that formula and why does the BLS claim it is within a COLA framework with ZERO preference data?
If you need a North Star to guide you, focus on the claim of *precision*. … Read More »
Sooner or later, some are going to have to face facts, gently move some heavily compromised octogenarians into retirement, stop pretending we can live without institutions, and just fix things. Or not. And then we’ll see. Sooner would be better. 🙏
Sooner or later, some are going to have to face facts, gently move some heavily … Read More »
