@allandnone.bsky.social: "it’s an algorithm that doesn’t involve judgement calls and hence possible motivated reasoning." All algorithms are judgements calls, sir.

I haven’t been paying as much attention as usual to inflation indicators. But we’ve been getting a string of good news. One source of inflation pessimism was the high ratio of job openings to unemployed workers. That issue has now gone away, with unemployment still very low 1/

"it’s an algorithm that doesn’t involve judgement calls and hence possible motivated reasoning." All algorithms are judgements calls, sir.

Except you can’t change your judgment once your set the algorithm. That’s the point. No “oh actually I think it should be this now.”

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