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This shows Mastodon servers, number of users versus rank. Roughly Zipf-ish
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Lots of ongoing discussion on Twitter about inflation.
Plotting all-items less shelter and shelter, it is clear that currently only shelter price indexes are still growing.
As noted by @jasonfurman and others (including BLS affiliated economists), CPI rents lags new rents as CPI measures rents paid by everyone, not just new renters. He shows that indexes focused on new rents are falling, so BLS r
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My son asked #ChatGPL to write a haiku about microeconomics
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My server toot goes viral, Mastodon style
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🔥 Top post: This shows Mastodon servers, number of users versus rank. Roughl · 29 likes + reposts
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🔥 Top post
This shows Mastodon servers, number of users versus rank. Roughly Zipf-ish
I just posted a new brief about inflation adjustments and taxation. Usually the chained CPI used for inflation adjusting taxes grows more slowly than the headline CPI. But in 2022 it grew faster, leading to a larger adjustment. I show that…
My son asked #ChatGPL to write a haiku about microeconomics
#CPI at 7.1% annual change.
Breaking down indexes, it's clear that outside shelter, inflation is as dead as Marley's ghost. And shelter is a lagging indicator so it's only a matter of time before inflation falls there as well.
Most will report this morning's CPI as an annual change, or a monthly change. But there is benefit now to viewing the levels. Since June, only shelter has been rising; everything else is flat. We'll see if Nov CPI continues these trends.
I guess I don't understand.
It's naive to believe that a global private company is free from political influence, but turning it over to governments would decrease, rather than increase, political influence.
Am I correctly summarizing you…
Lots of ongoing discussion on Twitter about inflation.
Plotting all-items less shelter and shelter, it is clear that currently only shelter price indexes are still growing.
As noted by @jasonfurman and others (including BLS affiliated eco…
My server toot goes viral, Mastodon style
Oops. I hadn't sorted properly. It's still in the top 150 though
Using https://mastodon.fediverse.observer/list I can see that econtwitter.net is in the top 50 in terms of user base.
I have a new blog about #FBAR, the foreign bank account report, which must be filed by anyone who owns or has signatory authority over foreign bank accounts valued at more than $10,000. The penalties are incredibly high (the Supreme Court …
The Supreme Court is considering penalties for late filing #FBAR, the report on Foreign Bank and Financial Accounts. Regardless of its decision, Congress should reform the law by indexing the filing threshold for inflation and clarifying …
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