this post was submitted on 10 Nov 2023
8 points (100.0% liked)
Politics
10162 readers
81 users here now
In-depth political discussion from around the world; if it's a political happening, you can post it here.
Guidelines for submissions:
- Where possible, post the original source of information.
- If there is a paywall, you can use alternative sources or provide an archive.today, 12ft.io, etc. link in the body.
- Do not editorialize titles. Preserve the original title when possible; edits for clarity are fine.
- Do not post ragebait or shock stories. These will be removed.
- Do not post tabloid or blogspam stories. These will be removed.
- Social media should be a source of last resort.
These guidelines will be enforced on a know-it-when-I-see-it basis.
Subcommunities on Beehaw:
This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
It's the standard statistics about wages and price levels that we've been using for decades. I don't see any evidence that they're gamed, though I don't doubt that there are some people for whom what you describe is true
CPI for example likely isn't being gamed, (I hope). There have been changes to the CPI so whoever made these does have the ability to push it into a certain direction. What I meant was, for a random fluff article I simply pick any of my favorite CPI categories and spin those to suit my main point.
Which is why Krugman is using CPI, and not some random category. He's smart enough to avoid that kind of pitfall.