13/ gosh, if I could do it over again, I would have put URLs in tweet #8 in this thread so that people could have clicked and found out what data I was using. Might even label the URLs with the word "cites". Oh well, too late now.https://twitter.com/25th_Prestige/status/1317205054152077312 …
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24/ Indeed. In the 19th century we had deflation more often than inflation....and that was worse than inflation. Modest well managed inflation on fiat currency is MUCH better than deflation on a gold standard, fite me.https://twitter.com/trapc45/status/1317216423245156358 …
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25/ This is the source I used. https://www.infoplease.com/business/economy/median-annual-income-level-education-1990-2010 … Note that I did not claim "entry level". I specified only by educational attainment. If you want to use other data, specify it. With a link.https://twitter.com/trapc45/status/1317216141899669504 …
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26/ No it doesn't. One can compute one's own inflation numbers by looking at prices of things one knows / cares about. It PERHAPS implies that I trust people who live and die by inflation rates to VERIFY government numbers. >>>https://twitter.com/Bobthewelding1/status/1317225508841705477 …
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27/ I see lots of arguments about "stealth inflation", and I'm entirely happy to entertain the idea. So ... go ahead. Convince me. Pick a basket of goods X and price it at time Y and at time Z.
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28/ I fully agree with the data in this tweet. This is orthogonal to the discussion of whether the government inflation numbers are valid.https://twitter.com/Bobthewelding1/status/1317231388517715969 …
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29/ Yes / yes / no What do I get out of them?
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I like fighting.
https://twitter.com/jtcbrule/status/1317235507437457409?s=19 …Show this thread -
31/ But in this thread we've shown that the price of a 350 has remained the same in real terms, and the quality has gone up. Look at Bob's data in #28 - low and mid class wages are flat WHEN ADJUSTED FOR INFLATION, meaning that inflation hasn't hurt themhttps://twitter.com/braxton_mccoy/status/1317241908696018945?s=19 …
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