3 ms·
Q: do you believe the govt-published inflation stats are accurate? Or is inflation under-reported by the US government?
by patrickg_zill 9y ago
Q: do you believe the govt-published inflation stats are accurate? Or is inflation under-reported by the US government?
- thanatropism 9y agoNo inflation stat is actually "accurate". Each person has its own consumption basket and the rise of prices affects him/zir differently. In any case -- what matters is that the inflation index of note is wrong in the same exact way every week. This isn't the nature of economics, it's the nature of numbers. My masters' thesis is about simulating certain physical systems. There we stipulate G=1 and get the fuck on with the real work.