Re:What Bitcoin shows us about how money works
by thanatropism on Monday December 18, 2017 @01:56PM
(#15954249)
No inflation stat is actually "accurate". Each person has its own consumption basket and the rise of prices affects him/zir differently.
In any case -- what matters is that the inflation index of note is wrong in the same exact way every week.
This isn't the nature of economics, it's the nature of numbers. My masters' thesis is about simulating certain physical systems. There we stipulate G=1 and get the fuck on with the real work.
In any case -- what matters is that the inflation index of note is wrong in the same exact way every week.
This isn't the nature of economics, it's the nature of numbers. My masters' thesis is about simulating certain physical systems. There we stipulate G=1 and get the fuck on with the real work.