[gandalf]

This is an interesting point. We actually have deflationary pressures on the one hand, result of globalization and lower costs for consumer goods, textiles, electronics, etc. CPI seems to be accurately capturing the deflationary impacts of globalization.

Meantime, non-global goods, services, education, healthcare and also various commodities, food, energy, construction materials, etc. have been increasing in price at a rapid clip. CPI seems to be significantly understating pricing pressures in asset, commodity and service-related areas.

[gandalf]

This is an interesting point. We actually have deflationary pressures on the one hand, result of globalization and lower costs for consumer goods, textiles, electronics, etc. CPI seems to be accurately capturing the deflationary impacts of globalization.

Meantime, non-global goods, services, education, healthcare and also various commodities, food, energy, construction materials, etc. have been increasing in price at a rapid clip. CPI seems to be significantly understating pricing pressures in asset, commodity and service-related areas.

[gandalf]

This is an interesting point. We actually have deflationary pressures on the one hand, result of globalization and lower costs for consumer goods, textiles, electronics, etc. CPI seems to be accurately capturing the deflationary impacts of globalization.

Meantime, non-global goods, services, education, healthcare and also various commodities, food, energy, construction materials, etc. have been increasing in price at a rapid clip. CPI seems to be significantly understating pricing pressures in asset, commodity and service-related areas.

[gandalf]

This is an interesting point. We actually have deflationary pressures on the one hand, result of globalization and lower costs for consumer goods, textiles, electronics, etc. CPI seems to be accurately capturing the deflationary impacts of globalization.

Meantime, non-global goods, services, education, healthcare and also various commodities, food, energy, construction materials, etc. have been increasing in price at a rapid clip. CPI seems to be significantly understating pricing pressures in asset, commodity and service-related areas.

[gandalf]

This is an interesting point. We actually have deflationary pressures on the one hand, result of globalization and lower costs for consumer goods, textiles, electronics, etc. CPI seems to be accurately capturing the deflationary impacts of globalization.

Meantime, non-global goods, services, education, healthcare and also various commodities, food, energy, construction materials, etc. have been increasing in price at a rapid clip. CPI seems to be significantly understating pricing pressures in asset, commodity and service-related areas.

[gandalf]

Factors to consider, in terms of inflationary pressure:

A. Rise in productivity, real wage growth and earnings
B. Changes in consumer expectations regarding pricing
C. Currency devaluation and fluctuations in money supply
D. Leveraged creation of wealth through asset bubbles

Improvements to underlying goods and services would be reflected in productivity and subsequent real wage growth. Earnings growth is non-existent outside the boardroom. (GDP is overstated?)

The other three factors, B, C and D are clearly in evidence. What Williams is saying is, with respect to CPI as a measure of inflation, the variance with economic reality is mostly likely a result of:

E. Bias introduced by changing reporting methodology

His explanations sounds fairly rational to me. What am I missing?

[gandalf]

Factors to consider, in terms of inflationary pressure:

A. Rise in productivity, real wage growth and earnings
B. Changes in consumer expectations regarding pricing
C. Currency devaluation and fluctuations in money supply
D. Leveraged creation of wealth through asset bubbles

Improvements to underlying goods and services would be reflected in productivity and subsequent real wage growth. Earnings growth is non-existent outside the boardroom. (GDP is overstated?)

The other three factors, B, C and D are clearly in evidence. What Williams is saying is, with respect to CPI as a measure of inflation, the variance with economic reality is mostly likely a result of:

E. Bias introduced by changing reporting methodology

His explanations sounds fairly rational to me. What am I missing?

[gandalf]

Factors to consider, in terms of inflationary pressure:

A. Rise in productivity, real wage growth and earnings
B. Changes in consumer expectations regarding pricing
C. Currency devaluation and fluctuations in money supply
D. Leveraged creation of wealth through asset bubbles

Improvements to underlying goods and services would be reflected in productivity and subsequent real wage growth. Earnings growth is non-existent outside the boardroom. (GDP is overstated?)

The other three factors, B, C and D are clearly in evidence. What Williams is saying is, with respect to CPI as a measure of inflation, the variance with economic reality is mostly likely a result of:

E. Bias introduced by changing reporting methodology

His explanations sounds fairly rational to me. What am I missing?

[gandalf]

Factors to consider, in terms of inflationary pressure:

A. Rise in productivity, real wage growth and earnings
B. Changes in consumer expectations regarding pricing
C. Currency devaluation and fluctuations in money supply
D. Leveraged creation of wealth through asset bubbles

Improvements to underlying goods and services would be reflected in productivity and subsequent real wage growth. Earnings growth is non-existent outside the boardroom. (GDP is overstated?)

The other three factors, B, C and D are clearly in evidence. What Williams is saying is, with respect to CPI as a measure of inflation, the variance with economic reality is mostly likely a result of:

E. Bias introduced by changing reporting methodology

His explanations sounds fairly rational to me. What am I missing?

[gandalf]

Factors to consider, in terms of inflationary pressure:

A. Rise in productivity, real wage growth and earnings
B. Changes in consumer expectations regarding pricing
C. Currency devaluation and fluctuations in money supply
D. Leveraged creation of wealth through asset bubbles

Improvements to underlying goods and services would be reflected in productivity and subsequent real wage growth. Earnings growth is non-existent outside the boardroom. (GDP is overstated?)

The other three factors, B, C and D are clearly in evidence. What Williams is saying is, with respect to CPI as a measure of inflation, the variance with economic reality is mostly likely a result of:

E. Bias introduced by changing reporting methodology

His explanations sounds fairly rational to me. What am I missing?

[gandalf]

Censorship, content-filtering, etc. occurs all the time. It occurs within organizations as a matter of IT policy, but also as a way for management to control and monitor employee performance while on the job. Corporations have a right to monitor you and enforce boundaries on your behavior and the use of their equipment on the job, and they often do.

Above the subnet, organization or corporation level, the censorship occurs in the form of investigations, lawsuits and legal challenges, formal DMCA takedowns, as well as active content and traffic restrictions and mitigation of service, both formal and unacknowledged, by certain providers (google EFF Comcast).

On a more fundamental level, the move to eliminate Net Neutrality is de facto censorship in that traffic queuing and prioritization impacts system performance negatively for certain categories of content providers, coercing and channeling traffic towards capitalized providers. While not a formal restriction on content, it would serve to impact patterns of information transfer (read: consumption) as effectively as censorship.

[gandalf]

Censorship, content-filtering, etc. occurs all the time. It occurs within organizations as a matter of IT policy, but also as a way for management to control and monitor employee performance while on the job. Corporations have a right to monitor you and enforce boundaries on your behavior and the use of their equipment on the job, and they often do.

Above the subnet, organization or corporation level, the censorship occurs in the form of investigations, lawsuits and legal challenges, formal DMCA takedowns, as well as active content and traffic restrictions and mitigation of service, both formal and unacknowledged, by certain providers (google EFF Comcast).

On a more fundamental level, the move to eliminate Net Neutrality is de facto censorship in that traffic queuing and prioritization impacts system performance negatively for certain categories of content providers, coercing and channeling traffic towards capitalized providers. While not a formal restriction on content, it would serve to impact patterns of information transfer (read: consumption) as effectively as censorship.

[gandalf]

Censorship, content-filtering, etc. occurs all the time. It occurs within organizations as a matter of IT policy, but also as a way for management to control and monitor employee performance while on the job. Corporations have a right to monitor you and enforce boundaries on your behavior and the use of their equipment on the job, and they often do.

Above the subnet, organization or corporation level, the censorship occurs in the form of investigations, lawsuits and legal challenges, formal DMCA takedowns, as well as active content and traffic restrictions and mitigation of service, both formal and unacknowledged, by certain providers (google EFF Comcast).

On a more fundamental level, the move to eliminate Net Neutrality is de facto censorship in that traffic queuing and prioritization impacts system performance negatively for certain categories of content providers, coercing and channeling traffic towards capitalized providers. While not a formal restriction on content, it would serve to impact patterns of information transfer (read: consumption) as effectively as censorship.

[gandalf]

Censorship, content-filtering, etc. occurs all the time. It occurs within organizations as a matter of IT policy, but also as a way for management to control and monitor employee performance while on the job. Corporations have a right to monitor you and enforce boundaries on your behavior and the use of their equipment on the job, and they often do.

Above the subnet, organization or corporation level, the censorship occurs in the form of investigations, lawsuits and legal challenges, formal DMCA takedowns, as well as active content and traffic restrictions and mitigation of service, both formal and unacknowledged, by certain providers (google EFF Comcast).

On a more fundamental level, the move to eliminate Net Neutrality is de facto censorship in that traffic queuing and prioritization impacts system performance negatively for certain categories of content providers, coercing and channeling traffic towards capitalized providers. While not a formal restriction on content, it would serve to impact patterns of information transfer (read: consumption) as effectively as censorship.

[gandalf]

Censorship, content-filtering, etc. occurs all the time. It occurs within organizations as a matter of IT policy, but also as a way for management to control and monitor employee performance while on the job. Corporations have a right to monitor you and enforce boundaries on your behavior and the use of their equipment on the job, and they often do.

Above the subnet, organization or corporation level, the censorship occurs in the form of investigations, lawsuits and legal challenges, formal DMCA takedowns, as well as active content and traffic restrictions and mitigation of service, both formal and unacknowledged, by certain providers (google EFF Comcast).

On a more fundamental level, the move to eliminate Net Neutrality is de facto censorship in that traffic queuing and prioritization impacts system performance negatively for certain categories of content providers, coercing and channeling traffic towards capitalized providers. While not a formal restriction on content, it would serve to impact patterns of information transfer (read: consumption) as effectively as censorship.

[Author]

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