Episode 234: Errors We Repeat in Economics
Words & Numbers
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What's Going to Happen Next Year?
This year's deficit is going to be around $2 trillion, and yet people still screaming for free things. People are starting to quote the PCE index, PCE, personal consumption expenditure. It's an alternate way of measuring inflation that yields lower numbers than CPI. The pernicious nonsense that we're hearing right now is that inflation is actually good for workers.
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