3 ms·
Inflation is easily gamed by manipulating the basket of goods used to determine it. Unemployment can be manipulated by only including people who „actively sear
by kubb 1y ago
Inflation is easily gamed by manipulating the basket of goods used to determine it.
Unemployment can be manipulated by only including people who „actively search” for the job, and tweaking the definition of „actively”, counting part timers.
GDP is gamed by circular money movements.
- lmm 1y agoWell sure, but the more complex your measurements are the worse you make it. Rather than looking for more nuance, we should look for stricter approaches to avoid those issues.
- carlmr 1y agoA lot of our economy relies on "number goes up" to tell people to invest The metric doesn't matter as long as it goes up most of the time.
- re-thc 1y ago> Inflation is easily gamed by manipulating the basket of goods used to determine it. Just turn the tariffs on and off again.