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212 sats \ 7 replies \ @denlillaapan 15 Sep \ on: Here is the inflation the government won’t tell you about | Since 1970 charts_and_maps Politics_And_Law econ

I mean, the CPI is a basket, you morons. Every idiot can pick the excessive high-ticket items and say "look, the average is wrong."

Chart of the century(with wages overlaid) are better for this kind of silly gotcha:

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7 sats \ 5 replies \ @0xbitcoiner OP 15 Sep
pick the excessive high-ticket items

The items in the chart (OP) are very important in people's lives, but I see your point.

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7 sats \ 4 replies \ @denlillaapan 15 Sep

so is food. And gas. And tech. And clothes. and travels. but the economically infantile argument wouldn't work as well then, would it?

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29 sats \ 3 replies \ @0xbitcoiner OP 15 Sep

I don't know the data for those items!

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36 sats \ 2 replies \ @denlillaapan 15 Sep

you can go look them up, they're readily available.

newsflash: they're down or below wage-growth or CPI

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62 sats \ 1 reply \ @0xbitcoiner OP 15 Sep

I believe so. But we were getting back to the old debate about which items and weights should be used to calculate the CPI.

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30 sats \ 0 replies \ @denlillaapan 15 Sep

yes.

And regardless of which ones we pick and how much, there will inevitably a bunch of above-average/outlier ones, and a future 0x/River can post a chart like that saying "uh, look, metric broken because ice cream and t-shirts with Queen Taylor have increased way more!"

Yeah, knock me down with a feather -.-

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7 sats \ 0 replies \ @nitter 15 Sep
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