Evidence receipt / belief
Published · transcript-backedJason Furman: belief
26 Aug 2020 Conversations with Tyler Jason Furman on Productivity, Competition, and Growth
“The inflation rate gets harder and harder to measure over time. So I think the one that probably has deteriorated in meaningfulness is the measure of inflation.”
Source trail
Everything needed to verify it.
- Speaker
- Jason Furman
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 26 Aug 2020
- Publisher
- Conversations with Tyler
Transcript context
…Which macro indicators do you think are now not so meaningful anymore? GDP could be more meaningful if we measured it better. The inflation rate gets harder and harder to measure over time. So I think the one that probably has deteriorated in meaningfulness is the measure of inflation. Number one, we don’t measure it well, and number two, it’s low enough that it’s hard to get that excited about it. Is that a quality-of-goods problem? Or how we do chaining over time? Where are we going wrong in measuring inflation?…
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