Is there a more accurate way to create a Javascript timer than setTimeout?

Question

Something that has always bugged me is how unpredictable the setTimeout() method in Javascript is.

In my experience, the timer is horribly inaccurate in

Answer 1

This is a timer I made for a music project of mine which does this thing. Timer that is accurate on all devices.

var Timer = function(){
  var framebuffer = 0,
  var msSinceInitialized = 0,
  var timer = this;

  var timeAtLastInterval = new Date().getTime();

  setInterval(function(){
    var frametime = new Date().getTime();
    var timeElapsed = frametime - timeAtLastInterval;
    msSinceInitialized += timeElapsed;
    timeAtLastInterval = frametime;
  },1);

  this.setInterval = function(callback,timeout,arguments) {
    var timeStarted = msSinceInitialized;
    var interval = setInterval(function(){
      var totaltimepassed = msSinceInitialized - timeStarted;
      if (totaltimepassed >= timeout) {
        callback(arguments);
        timeStarted = msSinceInitialized;
      }
    },1);

    return interval;
  }
}

var timer = new Timer();
timer.setInterval(function(){console.log("This timer will not drift."),1000}