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Showing page 46 of 178.
Eric Weinstein @EricRWeinstein
A4 Cont.: Only 1x1 matrices commute. NxN matrices do not! And if A.B isn’t B.A, the system goes non-linear. So if you have 2 countries with 2 currencies, the commutative case doesn’t work at all. You need to use Freeman Dyson’s system of Time Ordered Products to save inflation. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
Q4: Why do you say indexes are Group-Valued? Isn’t inflation just a number? A4: Here goes. In the most famous case you *can* get away with a number. But that 8.9% style CPI nonsense is actually secretly a 1x1 matrix in GL(1,R). And that actually matters! Why? B/c Non-linearity. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
A3 Cont.: “This is why index numbers will one day be properly understood as parallel translation in Fiber Bundles wrt Economic Gauge Potentials. But Zoe doesn’t become Cam morphing into Fatima when voting. So parallel transport is unavailable. Even in topological social choice.” — PolitiTweet.org
Eric Weinstein @EricRWeinstein
A3 Cont.: Our response: “Ah. That would be true but for 2 differences! First, Indices live in markets with *prices*. Our methods *don’t* live in social choice voting paradigms. Second, agents evolve into their future selves via paths. There’s no ‘morphing path’ in social choice.” — PolitiTweet.org
Eric Weinstein @EricRWeinstein
A3 Cont.: As Ken Arrow challenged us “Frisch showed we can’t solve the bilateral index problem because a single agent at multiple points in time is *exactly* dual to multiple agents at a single instant of time. Which is exactly my ‘Impossibility Theorem’ in Social Choice. QED.” — PolitiTweet.org
Eric Weinstein @EricRWeinstein
Q3: Why is inflation a field on Path Spaces of Looped Preferences/Prices? A3: Loosely, Index number theory really died w/ work of Ragnar Frisch (rightly) destroying Irving Fischer’s misguided work on axiomatic tests for bilateral (2 period) mechanical index numbers. Here’s why. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
A2 Continued: If you don’t make loops of tastes and prices, you will show meaningless regular inflation if prices, quantities and tastes Circle back to their initial Jan 1 values. This confuses economic experts (Like Diewert) when it comes to chain/path indices…which is up next. — PolitiTweet.org
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
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
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
invisible_college @invisi_college1
@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
Eric Weinstein @EricRWeinstein
So remember, as your taxes soar (due to indexed tax brackets being under indexed) and your Benefits are slashed (due to anemic COLAs) while your savings are diluted (Google ‘Seigniorage’) that you have the choice to ask questions. Or not…maybe it’s all corporate greed. #GoodLuck — PolitiTweet.org
Eric Weinstein @EricRWeinstein
That made us targets. Why? Because the 🌎 needs to be made safe for these policy folks in academicians’ clothing. We can’t have theory that turns inflation into measurement. It has to be about fudging, fiddling, lying, manipulating. As if climate activists made all thermometers. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
I’m trying to remember that as young people at Harvard, my co-author & I disproved claims of Franklin Fisher/Karl Shell by extending the theory of cost of living Konus indices to agents w changing dynamic tastes and created non-abelian group valued price indices when PPP fails. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
University Professor, Robert Reich. — PolitiTweet.org
Robert Reich @RBReich
Oil companies have already posted $127 billion in profit this year versus $42 billion over the same period last yea… https://t.co/LoydDDcLiU
Eric Weinstein @EricRWeinstein
@BrookeDallas @Dogensteardrop @BarackObama Super Omnia: https://t.co/RZHd2KOSVL — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@Duck9Horny Especially to Kanye. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@Kushbai Shukran arkadashum. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@777cubic Bidiyuk — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@sk_94__ Tochna. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@arenb Alekum vaSallaam — PolitiTweet.org
Eric Weinstein @EricRWeinstein
Just wanted to wish you all Shabbat Shalom no matter who you are. Peace to us all. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@yeky83 @KelFitton @BitcoinCarni @stbrianjoseph @BarackObama Academic evil. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@yeky83 @KelFitton @BitcoinCarni @stbrianjoseph @BarackObama It’s the “cooking something up”. Conspiring. Faking. Duplicity. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@KelFitton @yeky83 @BitcoinCarni @stbrianjoseph @BarackObama Chef’s kiss. https://t.co/vTJoqK338p — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@yeky83 @BitcoinCarni @stbrianjoseph @BarackObama Now you’re “cooking”. Almost there... — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@oheldon @tinylittlesmal1 @donniccolo @BarackObama “I think you are a coward and a grifter if you won’t walk directly into this giant rotating saw.” https://t.co/O584rNwL2w — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@Dogensteardrop @BarackObama “cook something up”. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@monoblancoatx @megynkelly #Prebunk — PolitiTweet.org
Eric Weinstein @EricRWeinstein
And @megynkelly: I support your line of inquiry completely. You are the one behaving rationally and scientifically. Any STEM PhDs who aren’t broken by this system support you. Totally legitimate questioning. With you. — PolitiTweet.org
Eric Weinstein @EricRWeinstein
@stbrianjoseph @BarackObama Warm. Keep going. — PolitiTweet.org
