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126 sats \ 3 replies \ @OriginalSize 15 Feb 2024 \ on: GDP is a Poor Measure of Economic Health econ
Big Mac Index
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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All models are wrong. Some models are useful.
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That's more of a substitute for CPI, but I suppose you could multiply by Big Mac volume.
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