not that that makes the metric bad, just hard to measure

hard for you to measure over the short course of your lifespan

Money wont make you happy

more datapoints, easier to measure

Buying escorts will though

yes, but if you have NO money, you will have a hard time thinking of anything else

We have the CPI, @ManAnimal, but I see more artificial inflation of prices coming from regulations creating uncompetitive markets and taxation, than I do anything else.

I'd love to be poor

well the economy will fluctuate significantly accross lifetimes, so its still quite hard no matter how large your dataset

with respect, the CPI is flawed

That, it is.

Being middle class westerner its easy to take shit for granted

And that's the reason we don't use the CPI often anymore.

the metric doesn't account for the two functions that both contribute to inflation

it only accounts for one

The alternative accounts for inflation.

i disagree

Why couldnt i be born as a black starving lad not knowing if my water has aids

gdp seems to be the best metric so far, and even then its pretty shit

turns out trying to coalesce all of ecconomics into a single number is pretty hard 🤷

with an completely international system and artifcial manipulation of interst rates for decades, we have no clue the ratio actual value vs capital in the system

the best we can measure is liquidity

can do it by outcome but thats also iffy

also depends on your desired outcome

exactly; it assumes that the cash in = cash out

but people die and give cash to family which just sits there for a rainy day

```Over the years, the methodology used to calculate the CPI has undergone numerous revisions. According to the BLS, the changes removed biases that caused the CPI to overstate the inflation rate. The new methodology takes into account changes in the quality of goods and substitution. Substitution, the change in purchases by consumers in response to price changes, changes the relative weighting of the goods in the basket. The overall result tends to be a lower CPI. However, critics view the methodological changes and the switch from a COGI to a COLI as a purposeful manipulation that allows the U.S. government to report a lower CPI.```

yes, yes. i am familar with the literature

This isn't literature.

don't beleive everything you read

well there was that stat released that only ~30% of investment cash ever really returned to the economy

The methodology for calculating the CPI has undergone revision since the issue of overstating inflation.

though i believed that didnt factor in depressions

that except doesn't even address the real isssue of concern

And, I don't merely believe everything I'm seeing, having been an economics major, myself.

https://variety.com/2019/digital/news/google-antitrust-investigation-state-ags-1203328981/

taking their time

it argues the merits of the adjustments but ASSUMES they can actual quantify something concisely that contains a massive about of uncertainty

fact: my mortgage was 15x what a family with half my income could comfortably afford before i bought it

my parents could live comfortably on a few hunderd dollars per month

the purchasing power per dollar has been dramatically reduced however the metrics don't consider a 'per unit' approach