Eric Weinstein

@EricRWeinstein ↗

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Last Checked Nov. 22, 2022

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Sun Nov 06 16:05:38 +0000 2022

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Eric Weinstein @EricRWeinstein

Q1: Why is it a field on Preferences? A1: Because a true COLA is not an index on baskets (mechanical index) but on welfare derived from baskets (economic index). BLS misrepresents CPI being COLA-driven abusing work of Erwin Diewert on Superlative indices. A COLA prices WELFARE. — PolitiTweet.org

Posted Nov. 6, 2022

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Eric Weinstein @EricRWeinstein

Great question. Inflation is SUPPOSED to be a group valued field. In the case of bilateral trade it’s an element of GL(2,R) although the economists haven’t gotten there yet. But it is mostly not a field on Geography. It’s a field on path, Loop, preference and geographic spaces. — PolitiTweet.org

@EricRWeinstein I have heard you say inflation looks more like a heat map, than a single number. Would you say a he… https://t.co/XyEXlvYysX

Posted Nov. 6, 2022

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Eric Weinstein @EricRWeinstein

Q2: Why is inflation a field on LOOP spaces of preferences? A2: Tastes are seasonal. In USA “We never spill Egg Nog on our bikinis.” What you both want & price HAS to be made seasonal to avoid the Cycling Problem (Holonomy) in index number thy. So we have LOOPS of tastes/prices. — PolitiTweet.org

Posted Nov. 6, 2022