I think any economy analysis made in fiat currency units is just plain scam.
Garbage in - garbage out.
Add to this plain lies, hidden variables and you will get what you observe.
Economy is not in the digits in computer. Real economy is in how much food or commodities you could really get for your efforts in making something really useful for others.
Did you noticed, that inflation declared by government or some MSM "experts" never ever agree with what you observe in real life? And somehow their inflation is always significantly less than yours. That's because you and them exist in different worlds. You live in real one, they live in their own imaginary "economic" reality.
IDK, may be we need our own, useful, economy analysis, with our own markers, parameters and values that tell us something meaningful. Why do we still pay attention to their abrakadabra, when it have nothing to do with us and completely useless for us? You can't even predict from their bullshit how much you will have to work to buy a dozen of 4x2 timber next summer. It is just senseless.
One designed like an infographic but with all the real numbers and calculations provided for inspection.
Show the actual cost, inflation, size(since they constantly shrink it), materials or ingredients.
It should track historical prices as well - like across marketplaces. The problem is that you need to get a large number of inputs and you need some quality control. So people would need to submit the data, then have some kind of sanity check
GDP is insufficient and poor for capturing reality.
Groceries needs its own index, Utilties need its own index, Housing needs its own index at least. Then you have larger one that compares across all indices.
I think any economy analysis made in fiat currency units is just plain scam.
Garbage in - garbage out.
Add to this plain lies, hidden variables and you will get what you observe.
Economy is not in the digits in computer. Real economy is in how much food or commodities you could really get for your efforts in making something really useful for others.
Did you noticed, that inflation declared by government or some MSM "experts" never ever agree with what you observe in real life? And somehow their inflation is always significantly less than yours. That's because you and them exist in different worlds. You live in real one, they live in their own imaginary "economic" reality.
IDK, may be we need our own, useful, economy analysis, with our own markers, parameters and values that tell us something meaningful. Why do we still pay attention to their abrakadabra, when it have nothing to do with us and completely useless for us? You can't even predict from their bullshit how much you will have to work to buy a dozen of 4x2 timber next summer. It is just senseless.
Yes. Like a real inflation index.
One designed like an infographic but with all the real numbers and calculations provided for inspection.
Show the actual cost, inflation, size(since they constantly shrink it), materials or ingredients.
It should track historical prices as well - like across marketplaces. The problem is that you need to get a large number of inputs and you need some quality control. So people would need to submit the data, then have some kind of sanity check
GDP is insufficient and poor for capturing reality.
Groceries needs its own index, Utilties need its own index, Housing needs its own index at least. Then you have larger one that compares across all indices.
they already have their own indices