simpsonsshitposting

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Go on then (sh.itjust.works)

submitted 9 months ago by StarvingMartist@sh.itjust.works to c/simpsonsshitposting@sh.itjust.works

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[–] queermunist@lemmy.ml 99 points 9 months ago (2 children)

They use a "basket of goods" that conveniently has nothing to do with how real people actually live.

[–] Asafum@feddit.nl 67 points 9 months ago (2 children)

According to our studies: accordion straps, horse shoes, goat bladder, those antenna from old TVs, and musket shot prices have all remained stable! Inflation solved!

[–] Madison420@lemmy.world 15 points 9 months ago (1 children)

You joke but musket shot ie. Soft lead is actually up as well.

[–] Chakravanti@monero.town 2 points 9 months ago

Boil the tap water and profit!

[–] TheReturnOfPEB@reddthat.com 9 points 9 months ago* (last edited 9 months ago)

braidon save the big piece of tv antenna for your father he had a long day

[–] misteloct@lemmy.dbzer0.com 11 points 9 months ago (2 children)

They use chained CPI too, which accounts for "the consumer adjusting their purchasing". It literally bakes in the concept of enshittification.

[–] Postimo@lemmy.zip 9 points 9 months ago (1 children)

You see, inflation is not in fact up, because if you replace your steak dinners with ground beef, you will be spending just as much as before!

[–] misteloct@lemmy.dbzer0.com 3 points 9 months ago

If retirees replace beef with beaf, social security will save millions! That's fiscal responsibility.

It's The Jungle all over again. History sure rhymes.

[–] sp3ctr4l@lemmy.dbzer0.com 5 points 9 months ago* (last edited 9 months ago)

Hedonics is a whole fucking thing... I... I dont wanna talk about it lol.

What I can briefly mention is that uh...yeah, recently?

Well, there have been budget cuts to the orgs and personnel that actuslly do the price surveys... so a growing number of econ data dorks suspect that... we are now up to roughly 1/3 of individual items in the CPI being calculated by... imputation.

Which is more or less a fancy stats way of saying 'we were not actually able to count this so we are just gonna assume it stayed the same.'

And thats all before Trump just straight up fired the BLS chief and replaced her with a Jan 6th insurrectionist.

You really shouldn't underfund or fuck with the people that produce some of the most important numbers in a financialized market economy, but oh well I guess!

Into lalaland we a-go.