Whereas CPI holds consumption weights fixed, PCE allows weights to adjust following price signals -> real earnings in US have increased much more since mid 1990s on PCE basis.
economist.com/united-states/… https://t.co/YS5uyC9BUJ
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…