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52 sats \ 1 reply \ @Undisciplined OP 15 Feb \ parent \ on: GDP is a Poor Measure of Economic Health econ
There are definitely attempts to adjust GDP for inflation (real GDP). However, inflation metrics are every bit as flawed as GDP, so who knows if that's helping or just throwing more fuel on the fire.
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487 sats \ 0 replies \ @OgFOMK 15 Feb
We already know that the CPI is garbage. Perceived inflation is garbage. Front run numbers before the next QEasing is garbage.
Reading Human Action, basically all the formulas are garbage because of Human Action and rational activities of humans who will game the system at all levels because there is an outcome wanted. The market place knows what is sell and what is not and even those are just relationships that happen so fast that the central planners can not keep up -- Good intentions or not.
Then there are the levers of the financial engineers doing what they do, good or bad. Only Bitcoin sans Fiat Value is setting the record straight but reflecting the money printer by being the Denominator of infinite numerator.
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