Targeting involves measuring but I don't think you can suggest they have the same meaning.
-
-
Replying to @SoakerPatoshi
Maybe I'm being dense but I'm not quite sure I see the distinction…
E.g. if your currency has a one-to-one peg to a price signal X, doesn’t that mean a zero rate of inflation w.r.t. X?1 reply 0 retweets 0 likes -
Replying to @hugohanoi
You have said that measuring and targeting are the same action. These are different words with different meanings. Your example isn't showing measuring == targeting.
1 reply 0 retweets 0 likes -
Replying to @SoakerPatoshi
Oh I see what you mean. Yes of cos measuring is only part of targeting, hence part (a) of my summary. Choosing what/how to measure is a prerequisite to targeting, I’m merely separating out the 2 concerns.
2 replies 0 retweets 0 likes -
Replying to @hugohanoi
Yes but you weren't separating them you were conflating them no?
1 reply 0 retweets 0 likes -
Replying to @SoakerPatoshi
No I wasn’t conflating them in my summary. Maybe in the follow-up tweet I should have said “measure AND THEN CORRECT if necessary”. But I thought this is pretty obvious, why measure something if you don’t do anything with it?
1 reply 0 retweets 0 likes -
Replying to @hugohanoi @SoakerPatoshi
Hugo Nguyen Retweeted Hugo Nguyen
So with the semantics out of the way. Is my understanding of Nash’s argument correct? (a) & (b) work together not in isolation.https://twitter.com/hugohanoi/status/999190170460078080?s=21 …
Hugo Nguyen added,
Hugo Nguyen @hugohanoiReplying to @hugohanoi @SoakerPatoshiThere are 2 components to Nash’s argument: a/ Any non-zero “target rate” (e.g. 2%) of inflation is too arbitrary, regardless of the index used. It should be made zero. b/ What is the ideal index for measuring inflation? an intl. apolitical price signal, not a locally-sourced CPI.1 reply 0 retweets 0 likes -
Replying to @hugohanoi
Yes i think the x% (ie 2%) is not "too" arbitrary but it is quite arbitrary, it is arbitrary. And I am not "being semantical" I think you came to me for semantics (Not saying you are accusing me, just being clear because I don't like semantic based debates etc ;p )
1 reply 0 retweets 0 likes -
Replying to @SoakerPatoshi
Yes maybe not semantics but slight miscommunication :p (I didn’t mean measuring for measuring’s sake or used in isolation, measuring here is with the clear intention of targeting)
2 replies 0 retweets 0 likes -
Replying to @hugohanoi @SoakerPatoshi
There are 2 components to Nash’s argument: a/ Any non-zero “target rate” (e.g. 2%) of inflation is arbitrary, regardless of the index used. It should be made zero. b/ What is the ideal index for inflation targeting? an intl. apolitical price signal, not a locally-sourced CPI.
2 replies 0 retweets 0 likes
How’s this^?
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.
