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It's not the metrics per se, it's the disconnect between what they actually represent and how they're used to misrepresent the current economic feeliings of the
by chiefalchemist 2y ago
It's not the metrics per se, it's the disconnect between what they actually represent and how they're used to misrepresent the current economic feeliings of the masses.
Take the last few months in the USA, we've been assured by the party in power that inflation is under control, etc. Yet, *no one* who goes to the super market on weekly basis has seen that and believes that. Eventually, such gaslighting leads to mistrust and pushback.
The smart thing would be to include anything practical consumers MUST purchase. To exclude food and gas might be great for academics, but for the everyone else is smells of BS.
- westurner 2y agoHow should the free hand of the market affect post-COVID global food prices? Tariff spats (and firms' resultant inability to compete at global price points) or free market trade globalization with nobody else deciding the price for the contracting [fair trade] parties. There are multiple lines that can be plotted on a chart: Core CPI, CPI Food &|| Gas, GDP, yield curve, M1 and M2, R&D focii and industry efficiency metrics
- chiefalchemist 2y agoYou're off topic. The discussion is about CCPI and how it's misleading and abused. That is, how it's used as a propaganda tool. I'm not trying to explain post Covid inflation, the free market, etc.
- westurner 2y agoHow should they get food price inflation under control? What other metrics for economic health do you suggest?
- chiefalchemist 2y agoWell, you certainly don't get it under control by removing it from the key metric. You don't get it under control by pretending it hasn't been removed and then gaslighting the public by saying everything is ok, that is under control.
- westurner 2y agoWhat can they do here? "Harris’ plan to stop [food] price gouging could create more problems than it solves" (2024) https://www.cnn.com/2024/08/16/business/harris-price-gouging-ban-inflation/index.html https://www.cnn.com/2024/08/16/business/harris-price-gouging... : > Food prices have surged by more than 20% under the Biden-Harris administration, leaving many voters eager to stretch their dollars further at the grocery store. > On Friday, Vice President Kamala Harris said she has a solution: a federal ban on price gouging across the food industry. They still haven't undone the prior administration's tariff wars of recent yore fwiu. What happened to everyone loves globalization and Free Trade and Fair Trade? Are you down with TPP? But did prices reflect the value of the workers and their product in the first place. There were compost shortages during COVID. There are still fertilizer shortages FWIU. TIL about not Ed Koch trying to buy Iowa's basically state-sponsored fertilizer business which was created in direct response to the fertilizer market conditions created in significant part by said parties. Humanoid robots in agriculture, with agrivoltaics, and sustainable no-till farming practices; how much boost in efficiency can we all watch and hope for?