3 ms·
So what about this data: http://www.thebillionpricesproject.com/datasets/ http://www.thebillionpricesproject.com/datasets/ I think to support the argument that
by YZF 9y ago
So what about this data:
http://www.thebillionpricesproject.com/datasets/ http://www.thebillionpricesproject.com/datasets/
I think to support the argument that CPI is cooked you need to show that you have some reasonable sampling of prices of some reasonable basket across the entire country. You can search online for rent prices, you can see real estate prices, you can see product/produce prices... You can find out what % of the population rents vs. owns and factor that in. Let's see that data that shows us that CPI is really wrong and not some anecdotes. I think there's enough data in the public domain to be able to form a pretty good estimate. Also we need to see that over a long period since some prices go through big cycles, real-estate can crash 40% and then go up, so we may want to reduce the impact of that...
- StanislavPetrov 9y agoA variety of organizations have already done this. One of the better known is Shadowstats. http://www.shadowstats.com/ http://www.shadowstats.com/
- TheCowboy 9y agoHere's a sample of Shadowstats: http://www.shadowstats.com/imgs/sgs-gdp.gif?hl=ad&t= http://www.shadowstats.com/imgs/sgs-gdp.gif?hl=ad&t= Shadowstats claims that real GDP growth has been negative for every year since 2000 with the exception of 2004. Nearly 2 decades of GDP contraction. Seriously? It's better known as being completely unreliable. It's the post-truth version of econ stats. It builds its own reality, selectively choosing and omitting facts. There are a lot of detailed and nuanced articles/posts on the Internet that debunk this site and point out serious flaws. I can't compete with the quality out there, but you must read more before feeling so confident in this site.