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The problem is it is not necessarily arbitrary - governments can pick a basket that masks inflation in areas that it wouldn't suit their agenda to highlight.
by anonymousDan 4y ago
The problem is it is not necessarily arbitrary - governments can pick a basket that masks inflation in areas that it wouldn't suit their agenda to highlight.
- pessimizer 4y ago"Arbitrary" means "picked." It doesn't mean "random" (although you certainly can pick things randomly.) The alternative to arbitrary choice is systematic choice i.e. having a set of specific meaningful criteria that determine something. So I agree with you, but the problem is that it is arbitrary, and the arbiters could be rigging the outcome with their choices.