◀ The Principal Blog

What if an apple were an orange: quality adjustments in the consumer price index



The core Consumer Price Index (CPI), which excludes food and energy prices, unexpectedly dropped 0.1% month-over-month in March. Price declines were broad-based from apparel to new and used cars. But one category stood out as a significant outlier; there was a 7% drop in the cost of wireless…

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Finding meaning in what you do, whatever you do



Meaning is everything. Without meaning, a film is just a 90-minute series of moving pictures. An underlying meaning is what we pay the money for. Without meaning, a painting is just globs of oil and tint on stretched canvas. Meaning is why we have emotional connections with art. Without meaning,…

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