Oh goodie we have an outlier of a country which we can hold as an example of the majority of the world.
So if Canada is so good at testing and knowing the change in quality they must be able to predict when something is going to fail. Right? So why do things pack up in Canada then?
I'm sure all these peer-reviewed folks are wrong about calculating the CPI and measuring inflation, and you're right. That the academic researchers, pension funds, futures traders, bond traders, union negotiators… all those folks missed this. But you… you've blown the whole thing right open.
The other possibility is that perhaps the professionals know what they're measuring and the pros-and-cons of various metrics.
> The other possibility is that perhaps the professionals know what they're measuring and the pros-and-cons of various metrics.
Well if they are right, how come they cant stop recessions then?
> I'm sure all these peer-reviewed folks are wrong about calculating the CPI and measuring inflation,
Peer review is just group think. Thats what education is about, brainwashing people in subtle ways, its the next step up from believing in God, whilst not recognising chaos theory.
And if they are all correct, why do different countries do their own thing? IF the theory is sound, then everyone would be doing it, but like we see with law, different groups of people have different ideas of what is right and wrong, and its always, history doesnt lie about this, violence always wins out. You might know it simply as "Survival of the fittest"?
Actually it does. See The Canadian Consumer Price Index Reference Paper by StatCan, chapter seven, "Quality Change and Adjustment":
* https://www150.statcan.gc.ca/n1/pub/62-553-x/2014001/chap/ch...