Matthew Yglesias

@mattyglesias ↗

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Last Checked May 21, 2020

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Wed May 13 12:22:22 +0000 2020

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Matthew Yglesias @mattyglesias

I’ve been trying to track this and I’ve been paying more for groceries (higher prices for some items) but spending less on food (fewer meals out). — PolitiTweet.org

Posted May 13, 2020 Hibernated

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Matthew Yglesias @mattyglesias

This is a specific case of a more general problem whereby inflation adjustment is more full of conceptual ambiguities than people would like to think. It would be better for central banks to target nominal spending (or income or maybe wages) which is much better measured. — PolitiTweet.org

Important context on yesterday's inflation number from @jbarro: Airfare and hotel rooms have gotten cheap, but the… https://t.co/996Q0oOPad

Posted May 13, 2020 Hibernated

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Matthew Yglesias @mattyglesias

Point being “real” (i.e. inflation adjusted) figures are the outputs of an opaque bureaucratic process and real world financial agreements are nominal. — PolitiTweet.org

Posted May 13, 2020 Hibernated