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>The memes of Arby’s 5 for $5 becoming 4 for $10 are more informative than the CPI numbers. Don’t let the shock at the grocery store wear off – it’s real and pa
by TMWNN 3y ago
>The memes of Arby’s 5 for $5 becoming 4 for $10 are more informative than the CPI numbers. Don’t let the shock at the grocery store wear off – it’s real and painful despite what the news tells you.
"The thing I have noticed is when the anecdotes and the data disagree, the anecdotes are usually right. There's something wrong with the way you are measuring it". —Jeff Bezos <https://sports.yahoo.com/amazon-ceo-jeff-bezos-explains-212315127.html https://sports.yahoo.com/amazon-ceo-jeff-bezos-explains-2123...>
- ben_w 3y agoHuh, so that looks like a way to deal with Goodhart's law?
- tonymet 3y agoVery good quote. “Data” is not conclusive , it’s just one piece of evidence. Usually it’s a noisy observation , with even noisier statistics applied. People think “data” is the conclusion, when in fact it’s just a signal to ask more questions.