Quoting kcurie, "je, je, je, je."
Then I would have felt sorry for the dear Lord. The theory is correct. — Albert Einstein — When asked by a student what he would have done if Sir Arthur Eddington's famous 1919 gravitational lensing experiment, which confirmed relativity, had instead disproved it.
Double jejejeje guaranteed to evoke a violent reaction from police is to challenge their right to "define the situation." --- David Graeber citing Marc Cooper
But a mountain doesn't decide it is bored being a mountain and will be a llano for a while.
(I've got to get to work. ... To Be Continued ...)
Take inflaation's most convenient measure -- the US Consumer Price Index. How many economists agree this is a good measure? What does it include? What does it leave out? Non-experimental physical sciences can advance at a faster rate because it is clear the things they measure are fairly easily measured constants.
I have yet to touch or measure 'utility'. No raindrop believes itself responsible for the flood that follows.
I think there's a question that economists are taught not to ask, which is 'In whose experience?'
Inflation is supposedly an objective measure of - something. But it will be experienced differently on Wall St, by the middle classes, and by a poor person in New Orleans.
Which of these different experiences is considered the most relevant and important 'on aggregate, and why?
Some personal rants at Bernard Salanie's blog
Exactly.
