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 …
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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
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