s skippy the bush kangaroo: The Cat Food Commission's Willing...

skippy the bush kangaroo

Sunday, December 30, 2012

The Cat Food Commission's Willing...

This is a shorter version of my AngryBear post. All you're missing is me blathering:

Jared Bernstein, Ph.D., Social Welfare:

I support the change [from CPI-W to Chained CPI]—it’s a more accurate measure of price growth (though a chained index for the elderly would be better)

Duncan Black, Ph.D., Economics:

If the true CPI-E increases faster than CPI, then chained-CPI is worse, not better.

A graphical analysis of the Bernstein claim:

Game, Set, and Match to the economist. No wonder the Obama Administration's first term was such a failure.
posted by Ken Houghton at 12:31 PM |


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