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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Replying to @eigenrobot @liminal_warmth
I subscribe <enter economic speculation from a non-economist> to the hypothesis that we’re in an bubble for certain asset classes (tech hub real estate, health care, etc) that function like inflation (cash buys less health care/tech hub housing each day) but are invisible to CPI.
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Replying to @kylewadegrove @liminal_warmth
I did some work with housing inflation indices. Housing is actually one of the easier cases when you have good data--new housing is tricky, but old housing has enough reselling over time it's pretty good assuming you can handle depreciation issues Health fuck who knows
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Although now that I am saying this a lot of the value of housing is proximity to high wage employment rather than housing per se, also good schools Nevermind no one knows anything
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its fun thinking back on old work and laughing at myself
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