In economics, one of the most important things you need to do is to choose the right indicator and then being able to correctly interpret that indicator by understanding what such an indicator entails.
One way to check how an economy is doing is to check its inflation rate. If you want to check the state of inflation in the economy, you choose the inflation rate. You do not care for corporate tax rates. You may supplement the data with unemployment rates.
But then, you have to understand how inflation rates are calculated and what their pitfalls are. You sample a basket of goods and compare them to a similar one from previous years. Sometimes, you have to change that basket of goods. For example, if there is a spike in one quarter in the price of fuel, but it only lasts, say a week (INAE so I don't know exactly the time frame in which it can be disregarded) you wouldn't include that in because it will unnecessarily skew the inflation rate and you would make incorrect assessments. However, you might need to include in fuel if the price spike lasts, say a month (INAE). Such a long spike is bound to increase inflation since an economy needs fuel. This kind of reason is also why the financial year ends at June/July. Festivities also skew inflation calculations unjustifiably.
Many economic forecasts have the inflation rate (quarterly or annually) as a major factor in the equation. Thus, it is crucial to know how to choose the correct indicator/basket-o-goods. Such is its importance in making good and fair judgements.
No one here asking for a boycott, so far, has made a good case for their choice of indicator. I'm quite sure no one here actually knows how to interpret that indicator either (=> does not know how its "calculated" or its pitfalls).
The reactionary and unjustified exclusive use of such an indicator is just as bad as the teacher who refuses to teach names to prevent people from reaching teaching levels.
If a teacher who allegedly prevents students from reaching teaching heights should be boycotted in such an uninformed manner, then I would say everyone here who had a teacher who have suggested that other teachers should be abandoned for that reason should also be abandoned themselves. They're not teaching their students how to evaluate things PROPERLY. How can we know that the teacher's own knowledge is a result of careful evaluation of their art and themselves? Neither teacher is worth going to.
One way to check how an economy is doing is to check its inflation rate. If you want to check the state of inflation in the economy, you choose the inflation rate. You do not care for corporate tax rates. You may supplement the data with unemployment rates.
But then, you have to understand how inflation rates are calculated and what their pitfalls are. You sample a basket of goods and compare them to a similar one from previous years. Sometimes, you have to change that basket of goods. For example, if there is a spike in one quarter in the price of fuel, but it only lasts, say a week (INAE so I don't know exactly the time frame in which it can be disregarded) you wouldn't include that in because it will unnecessarily skew the inflation rate and you would make incorrect assessments. However, you might need to include in fuel if the price spike lasts, say a month (INAE). Such a long spike is bound to increase inflation since an economy needs fuel. This kind of reason is also why the financial year ends at June/July. Festivities also skew inflation calculations unjustifiably.
Many economic forecasts have the inflation rate (quarterly or annually) as a major factor in the equation. Thus, it is crucial to know how to choose the correct indicator/basket-o-goods. Such is its importance in making good and fair judgements.
No one here asking for a boycott, so far, has made a good case for their choice of indicator. I'm quite sure no one here actually knows how to interpret that indicator either (=> does not know how its "calculated" or its pitfalls).
The reactionary and unjustified exclusive use of such an indicator is just as bad as the teacher who refuses to teach names to prevent people from reaching teaching levels.
If a teacher who allegedly prevents students from reaching teaching heights should be boycotted in such an uninformed manner, then I would say everyone here who had a teacher who have suggested that other teachers should be abandoned for that reason should also be abandoned themselves. They're not teaching their students how to evaluate things PROPERLY. How can we know that the teacher's own knowledge is a result of careful evaluation of their art and themselves? Neither teacher is worth going to.