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Joined 3 years ago
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Cake day: June 11th, 2023

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  • I think one reason is it’s the other way around, the cart is leading the horse. One problem with using a basket of goods to measure inflation is that it cannot keep pace with the substitutions consumers make. Consumer choices can switch really quickly but the basket of goods used to measure that needs to be workshoped before it can be used. It’s in part, because it’s impossible to have a perfect snapshot of a market.




  • Party lines! You’d share your phone line with one or more other households. When the phone rang they all rang with alternating short-long rings to identify which house on the line the caller intended to call. So if someone calls you at 2am, several of your neighbors know about it because their phones rang too. Even better, being a snot nosed kid I knew how to take a set of headphones and clip them onto the line. You’d hear both sides of the conversation of any house on the party line without dropping the call voltage too much and getting caught. That meant no one talked about anything private on the phone, everyone else could be listening.