Reading Gordon White wow wow wow It had never even occurred to me that inflation also pushes you into higher tax brackets and reduces expenditures like social security benefits if those numbers aren't adjusted for the real rate of inflation so much subtle wealth transfer
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allegedly they changed the method for CPI estimation in the 90s tho
@eigenrobot help us understand1 reply 0 retweets 1 like -
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Replying to @eigenrobot @liminal_warmth
seriously inflation is sort of a useful concept but trying to measure it is a nightmare, especially in times of rapid technological progress fun example how do you factor in CPU improvements? do households consume chips, or consume clock cycles?
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Yup How has the price of telephones changed since 1850? What is a telephone even Ahhhhhhhhhhhhhhhbb
12:56 PM - 21 Apr 2020
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