Re:Former President Trump is projected to win the presidency
by porridgeraisin on Wednesday November 06, 2024 @02:05PM
(#42067542)
A 0.2mm difference is so vastly different from the analogy he made to using it as a measurement of volume. Hopefully you're putting this forward as an interesting factoid and did not mean it as an actual argument.
Re:Former President Trump is projected to win the presidency
by drawkward on Wednesday November 06, 2024 @02:19PM
(#42067766)
I contend his analogy is wrong; it's not like "inflation" changed from a money policy thing to a labor market thing.
Re:Former President Trump is projected to win the presidency
by _heimdall on Wednesday November 06, 2024 @04:58PM
(#42070129)
Inflation historically was a measure of the change in money supply. They co-opted the same word to instead measure an entirely different concept, the change over time of a basket of goods.
In my book that's very similar to taking a distance measurement and reusing the word to instead measure a totally different concept, volume. Curious how its different though, I may just be tripping myself up here.
Perfect question!
In fact, the definition of "meter" has changed over time, and if you stick with the old definition, you'd be off by 0.2 millimeters:
https://www.nist.gov/si-redefinition/meter
Science changes as it needs to. (And the word "science" is doing a lot of heavy lifting here when we are discussing economics, aka the dismal science.)