5min chapter

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#1223 Jeff Weniger On State Of The 2023 Macro Economy

The Pomp Podcast

CHAPTER

The Importance of Hedonic Adjustments

Kurt Schilling: The BLS, the housing calculations in there are just so weird. You know how they do the cost of ownership with the owners equivalent rent? My favorite is that they still send people physically into the store to find the thing on the shelf and write down the number. He says Bitcoin could be the solution to all this in terms of a programmatic monetary policy without a central bank driven by humans.

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