126 sats \ 3 replies \ @OriginalSize 15 Feb \ on: GDP is a Poor Measure of Economic Health econ
Big Mac Index
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128 sats \ 1 reply \ @tomlaies 16 Feb
I know it's supposed to be funny haha we all have a good laugh
But the Big Mac Index is just populism. A basket of n=1 products from a company that is famous to shrink quality to increase margins to their loyal customers of low-lifes... is a bad metric
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0 sats \ 0 replies \ @Undisciplined OP 16 Feb
All models are wrong. Some models are useful.
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0 sats \ 0 replies \ @Undisciplined OP 15 Feb
That's more of a substitute for CPI, but I suppose you could multiply by Big Mac volume.
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