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by ggm 2508 days ago
Viewed from one bottom, the quality of toilet paper is of intense interest. Viewed across many bottoms it becomes less about how peachy soft the Charmian is and more about the effect in the balance of payments importing bumwad instead of making your own from local splinters in a pulp mill employing people.

CPI has to bridge both cheeks: it has to reflect what one person can relate to and what entire nations actually do.

1 comments

And still, we need to have accurate pricing data (reflecting quality and content) if we want to make accurate macroeconomic decisions in a modern age where the historical understanding of inflation and full employment appears to be broken, among other concerns your bum and most bums could appreciate—like the immediate effects of technological change and automation pertaining to your job or UBI... that gives your bum a cozy chair to sit in.