Timothy B. Lee

3 sec Timothy B. Lee ‏@binarybits

@Jackson_Strong_ If they were systematically under-stating inflation it would be pretty easy to prove.

41 sec Timothy B. Lee ‏@binarybits

@Jackson_Strong_ The CPI publishes its data at a high level of detail.

18 min Timothy B. Lee ‏@binarybits

@Jackson_Strong_ The reason people construct systematic indexes like the CPI is to avoid biases due to only focusing on certain things.

19 min Timothy B. Lee ‏@binarybits

@Jackson_Strong_ On the other hand, computers are an order of magnitude cheaper than they were 20 years ago.

20 min Timothy B. Lee ‏@binarybits

@Jackson_Strong_ That just happens to be the best short summary I've found. It cites lots of independent research by non-govt econmists.

31 min Timothy B. Lee ‏@binarybits

@NickRSearcy Yeah, I can't even figure out what he was trying to say.

38 min Timothy B. Lee ‏@binarybits

@Jackson_Strong_ The CPI is not perfect but criticisms of it are often overstated. http://www.bls.gov/opub/mlr/2008/08/art1full.pdf …

40 min Timothy B. Lee ‏@binarybits

@Jackson_Strong_ OK, but why should gold be exempt but not silver or platinum? This isn't a problem specific to gold.

59 min Timothy B. Lee ‏@binarybits

@Jackson_Strong_ I would support indexing the capital gains tax to inflation.

1 h Timothy B. Lee ‏@binarybits

@Jackson_Strong_ That seems like an argument against the capital gains tax rather than an argument in favor of a gold standard.

1 h Timothy B. Lee ‏@binarybits

@Jackson_Strong_ Who's stopping people from using a gold-backed currency?

1 h Timothy B. Lee ‏@binarybits

@rmogull @ErrataRob Someone should write a song called "Ten Little Endians."

1 h Timothy B. Lee ‏@binarybits

@ObsoleteDogma No, FDR is Eve, Keynes was the serpent.

2 h Timothy B. Lee ‏@binarybits

@ObsoleteDogma Wait, the Garden of Eden was on the gold standard?

3 h Timothy B. Lee ‏@binarybits

@michaelbd Got it.