BLAIR - FIX ( political economist ) TORONTO
investigated what the trustworthy CPI number is
Discussion
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see in the graph how gasoline affected CPI
( bc of COVID. no one was using cars )
check this out
the Chicago Plan. IMF working paper
average Household =
- non-constrained household
- constrained household ( has debt / pays rent )
economists sometimes ignore the distinction between non-produced assets
natural assets = land / natural energy / electromagnetic
produced assets = machines / buildings