Eric Weinstein

@EricRWeinstein ↗

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Last Checked April 3, 2023

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Tue Mar 14 14:19:52 +0000 2023

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Eric Weinstein @EricRWeinstein

Q4: How much does this entire COL framework rest on the work of Erwin Diewert’s claims of superlative index numbers being exact for flexible functional forms? Q5: Were homothetic preferences assumed to get one number with this precision? On what basis was that justified? — PolitiTweet.org

Posted March 14, 2023

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Eric Weinstein @EricRWeinstein

If you need a North Star to guide you, focus on the claim of *precision*. Q1: How is the “representative consumer” constructed? Q2: Which formula? Laspeyres? Lowes? Konus? Q3: Why that formula and why does the BLS claim it is within a COLA framework with ZERO preference data? — PolitiTweet.org

Posted March 14, 2023

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Eric Weinstein @EricRWeinstein

Q6: Can we discuss this scientifically as technical people w/o derision? Why does Toto have to pull back the curtain on the Great And Powerful FED/BLS magic show? Why can’t we discuss this fake precision and conceptual framework using our best ideas & minds? Why do a magic show? — PolitiTweet.org

Posted March 14, 2023