PhaedrusV | 5 years ago | on: Alaska will be first state in U.S. to offer Covid-19 vaccines to all adults
PhaedrusV's comments
PhaedrusV | 5 years ago | on: Ask HN: Do we need a Google Customers Union? Could it work?
PhaedrusV | 5 years ago | on: Citing 'Censorship' Concerns, North Idaho ISP Blocks Facebook, Twitter
PhaedrusV | 5 years ago | on: Citing 'Censorship' Concerns, North Idaho ISP Blocks Facebook, Twitter
PhaedrusV | 5 years ago | on: Inflation Truthers
https://commons.wikimedia.org/wiki/File:US_GDP_per_capita_vs...
PhaedrusV | 5 years ago | on: Inflation Truthers
PhaedrusV | 5 years ago | on: Inflation Truthers
Put another way, if I'm in the market for housing, healthcare, groceries and gardening supplies, and the prices of all those things around skyrocketing, then it doesn't matter much to me if the price of cars is down 20% since the crisis began. The inflation measures, however, don't account for the shifts in purchasing demand, which should weight the measure heavily.
PhaedrusV | 5 years ago | on: Inflation Truthers
PhaedrusV | 5 years ago | on: Inflation Truthers
PhaedrusV | 5 years ago | on: Inflation Truthers
1) The government is heavily incentivized to understate inflation in order to limit its expenditures for social security and TIPS, both of which are indexed to inflation. Social security in particular would explode in costs if, say, the official rate had been 1% higher on average over the past 30 years since the inflation measure got significantly changed during the late 80s and early 90s. In fact, if you look back at the discussion surrounding those changes, bringing down the costs of social security was an explicit reason for the redesign.
2) Complexity and obscurity. None of the input data is released, and there's this thing called 'hedonic quality adjustments' which is the umbrella beneath which economists decide how much to lower inflation when the quality of goods gets a little bit better. The FED economists point out that a car from 2018 is better than a car from 2012 and they adjust inflation downwards in order to account for the increase in value that consumers are getting in their car. Consumers counter by pointing out that they still have to spend the actual money...
Analysis) With transparency and a lack of incentive to cheat (see 1) hedonic quality adjustments would be an allowable modification, but with opacity and a strong incentive to cheat, they pretty much guarantee that inflation is fudged downwards. The debates around changing the inflation measure have focused heavily on reducing social security payments. In short, any time you have excessive complexity, lack of transparency, and an incentive to cheat, you can expect cheating.
Why should we care? First and foremost, Anyone who has a relative collecting social security would probably be upset to hear that grandma is getting about 60% of what she should be getting, given the promises made and the value of the money she contributed.
Second, and the big point that the article missed entirely, is that real gdp per capita HAS been declining, reflecting that decrease in standard of living that one would expect to see if inflation were understated.
PhaedrusV | 5 years ago | on: Ask HN: What evidence would convince you of intelligent extra-terrestrial life?
Obviously this doesn't immediately require extraterrestrials, but, given the lack of evidence or workable theory that life is original to earth, I'd say Occam's Razor leads that way.
It is interesting how this viewpoint I hold changes how I consume UFO news. There's a whole lot of BS and misinformation in the area, and a lot of crazy people, and a few apparently credible people (like Tom Delong and his To The Stars Academy board) who occasionally still mange to lapse into bizarreness despite otherwise sounding pretty reasonable if you fail to reject the basic premise.
PhaedrusV | 5 years ago | on: Ask HN: What evidence would convince you of intelligent extra-terrestrial life?
PhaedrusV | 5 years ago | on: Ask HN: Which fantasy and/or SF literary works you would like to see on screen?
PhaedrusV | 5 years ago | on: X-COM
PhaedrusV | 5 years ago | on: X-COM
PhaedrusV | 5 years ago | on: If you’re not terrified about Facebook, you haven’t been paying attention
A good ol' boycott will fix everything wrong about Facebook. No 'terror' required.
PhaedrusV | 5 years ago | on: A collection of videos of police brutality
PhaedrusV | 5 years ago | on: A collection of videos of police brutality
PhaedrusV | 5 years ago | on: Ask HN: Mind bending books to read and never be the same as before?
Another recommendation is "Quantum Genesis: Speculations in Modern Physics and the Truth in Scripture" by Stuart Allen. QG is a relatively deep pop sci look at physics, computation, and several related fields where the author points out that the original translation of the creation myth in Genesis 1 matches up extremely well with a modern understanding of quantum physics and simulation theory. (disclosure: a family member is the author).
PhaedrusV | 5 years ago | on: Forgotten Books – 1,271,515 restored old books