Negative inflation is considered bad, economically - but ever cheaper tech. is presumably a good thing, so it seems like inflation via tech. advance and inflation via too much money are different beasts, and ought not to be averaged together into one index.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
This Tweet is unavailable.
-
-
This Tweet is unavailable.
-
Makes sense. If this is a valid explanation, then maybe there is no "core problem" to be solved.
0 replies 0 retweets 0 likes -
This Tweet is unavailable.
-
Replying to @Jonathan_Blow @ThatcherUlrich and
I don't think official CPI is the kind you're describing anymore? The official inflation numbers are "CCPI", which _does_ have some Baumol rolled up in it, because it assumes that consumers will switch what they are buying as lower-cost products succeed older ones, etc.
1 reply 0 retweets 1 like
Replying to @cmuratori @Jonathan_Blow and
Although looking at this, it suggests that the old non-chained CPI is still in use, maybe? See:https://en.wikipedia.org/wiki/United_States_Chained_Consumer_Price_Index#History_of_proposals_and_controversy …
5:24 PM - 14 Apr 2019
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.