• iridaniotter [she/her]
    ·
    edit-2
    8 months ago

    Pre-1983, mortgage costs were in the CPI as were car payments pre-1998. Now, price indexes do not include borrowing costs. Thus, when interest rates jumped last year, official inflation did not fully capture the effects it would have on consumer well-being

    -Lawrence Summers

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    Bourgeois science moment

    • SuperZutsuki [they/them]
      ·
      edit-2
      8 months ago

      What if instead of consumer price index it was consumer piss index and it measured the level of piss consumed from trickle down economics?