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eigenrobot's profile
eigenrobot
eigenrobot
eigenrobot
@eigenrobot

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eigenrobot

@eigenrobot

robot. friend.

eigenrobot.substack.com
Joined July 2013

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    1. eigenrobot‏ @eigenrobot 20 Feb 2020

      eigenrobot Retweeted Oren Cass

      the main thing you should take from this thread is not whatever object level conclusion he suggests by the end (havent read that far) but rather the meta lesson that if faced with a question requiring sensitive longitudinal macro data to answer correctly you should simply give uphttps://twitter.com/oren_cass/status/1230505649794166785 …

      eigenrobot added,

      Oren CassVerified account @oren_cass
      Thread (1/16). How is that our economic statistics suggest workers have been making slow but steady progress in recent decades, while popular perception is that their family finances are coming under increasingly untenable pressure? I've been working on this, here's my answer:
      Show this thread
      7 replies 5 retweets 78 likes
      Show this thread
    2. eigenrobot‏ @eigenrobot 20 Feb 2020

      there are lots of ways to deal with hedonics in inflation numbers and all of them are bad no one knows whether the aggregate is is some sense better off in 2020 than 1990 and in some ways the question is simply impossibly vague let it go its fine no one knows

      7 replies 0 retweets 35 likes
      Show this thread
    3. Econ reply guy‏ @moneyreflux 20 Feb 2020
      Replying to @eigenrobot

      I think it is clearly and unambiguously true that we are in aggregate better off today than in 1990. The question is not if, but how much? This means these issues matter a *little* less, but still a lot for questions like “what was the average level of real interest rates?” etc

      1 reply 0 retweets 2 likes
    4. Christopher Reighley‏ @reighleyc 20 Feb 2020
      Replying to @moneyreflux @eigenrobot

      If you are counting China and Africa in your aggregate, then I agree. If we are talking about the United States only I am not yet convinced.

      1 reply 0 retweets 1 like
    5. Econ reply guy‏ @moneyreflux 20 Feb 2020
      Replying to @reighleyc @eigenrobot

      Absolutely no question for the US either, in aggregate. The level of estimated real GDP doubled, while population increased maybe 33%. Hedonic differences don’t get you anywhere near that much. Medical innovation alone over that time makes you much better off, let alone tech etc.

      2 replies 0 retweets 2 likes
    6. This Tweet is unavailable.
    7. Econ reply guy‏ @moneyreflux 20 Feb 2020
      Replying to @gaitanalyst @reighleyc @eigenrobot

      US life expectancy is around 3 years higher today than it was in 1990! Not sure about morbidity stats, but since the distribution has shifted a little, could be slightly different, but almost certainly better than 1990. These are meaningful differences!

      1 reply 0 retweets 1 like
      eigenrobot‏ @eigenrobot 20 Feb 2020
      Replying to @moneyreflux @gaitanalyst @reighleyc

      But everyone is fat and sad

      9:19 AM - 20 Feb 2020
      • 1 Like
      • misologist gait analyst
      1 reply 0 retweets 1 like
        1. Econ reply guy‏ @moneyreflux 20 Feb 2020
          Replying to @eigenrobot @gaitanalyst @reighleyc

          Socrates’ lament, but for obesity and depression

          0 replies 0 retweets 1 like
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