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>You don't need a PHD to understand what this means, you need only basic reading comprehension and minimal intelligence: Quote from FED: >The hedonic quality
by StanislavPetrov 10y ago
>You don't need a PHD to understand what this means, you need only basic reading comprehension and minimal intelligence:
Quote from FED:
>The hedonic quality adjustment method removes any price differential attributed to a change in quality by adding or subtracting the estimated value of that change from the price of the old item.
What do you think "attributing a change in quality" or subtracting "estimated value" means? If you don't understand how the introduction of these arbitrary variables, invented by a politicized FED, completely nullify any informational value, nobody can explain it to you.
- jomamaxx 10y agoYou seem to fail to grasp even basic common sense: most products and service increase in value over time, and though it's difficult sometimes to measure that value, it's not 'arbitrary'. For example - as Farmers improve their technology - Tomatoes become bigger, juicier and redder. Clearly - there is 'economic value' in those 'improved tomatoes' and that has has to be taken into consideration when comparing tomatoes grown before, to tomatoes grown now. Stop misinforming people, take your conspiracy theories to ZeroHedge.
- brianwawok 10y agoTomatoes is a bad example. They contain less nutrition and taste less good each year (Google it). Maybe cars or something your story works with