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A comment on Summers: Inflation Reached 18% in 2022 Using the Government's Previous Formula. Parent comment

Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by woodruffw on Saturday April 13, 2024 @06:11PM (#40026616)
Your comment explicitly mentions averages. It's a matter of basic fact that the average working-age male in 1963 was not supporting 5 other people with his salary.
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Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by tonymet on Saturday April 13, 2024 @06:20PM (#40026677)
They are not census statistics they are an amateur assembling statistics using public census data. The methods are not published
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Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by woodruffw on Saturday April 13, 2024 @06:42PM (#40026856)
The method is listed in the description below the statistics. Again: if you think these numbers are suspect, you are encouraged to find a different citation that contradicts them. Without that, your complaints are unsubstantiated.
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Re:Summers: Inflation Reached 18% in 2022 Using the Governme... by tonymet on Saturday April 13, 2024 @06:57PM (#40026958)
don't base your understanding of history on a casual web statistic.

Averages are lossy to begin with.

My whole point is using multiple indicators to build an understanding.

You can keep repeating yourself but you only come off as naive.

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