Graeme 🏴󠁧󠁢󠁳󠁣󠁴󠁿 on Nostr: The inflation index is clearly screwed when food inflation is way above the official ...

The inflation index is clearly screwed when food inflation is way above the official figure, and we need 1000s of foodbanks. It doesn't reflect anyone's real experience. And interest rates are like adjusting a precision clock with a mallet. Totally divorced from reality. Underlying this is the elephant - economic theory is bunk. None of it passes even the simplest of tests that might allow it to be called "science" or usable.