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152 sats \ 2 replies \ @carlosfandango 20 Oct 2023 \ parent \ on: Big Mac went from $0.50 to $8 and lost 40% of its size from 1980-2020. bitcoin
Any nitpicking appreciated. As a composite of a broad range of inputs it provides a useful number and certainly better than any ‘official’ number. With regard to inflation through time; the opaque nature of its components, manipulation from central authority and the changing formulation means it isn’t really comparable to previous years. There is some interesting deeper dives about it being a lagging indicator of inflation and potentially a predictor but im not as well read on that. Worth noting it’s only marginally better at being comparable to other countries in the same year - which was the actual function of the index on the first place.
Interesting thoughts
re McDonalds processes being deflationary. My sense is they probably haven’t changed that much since implementation.
Gives me fast food for thought.
re McDonalds processes being deflationary. My sense is they probably haven’t changed that much since implementation.
I was kind of talking out of my ass there, but the idea is that if there's one thing we know about McDonalds, it's that they are hell-bent on wringing every fraction of a cent out of every part of every process and every supply chain; and the nature of the thing being a public company means there's no place to hide. It seems as pure an example of true best-effort by a motivated agent to combine across a massive number of inputs as you could possibly find. Insofar as tech plays a role in most of those processes, from raising cattle to shipping to logistics, it tends towards deflationary.
That was my logic, at least.
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And a reasonable one. I won’t post anymore - perhaps save it for the saloon. The OP is a bot / assmilker and adds nothing of value so I don’t see why we should.
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