Re:Our Broken Economy, in One Simple Chart
by bbctol on Tuesday August 08, 2017 @02:06PM
(#14960680)
Wait, are you implying that the logic in that last sentence is false? That makes perfect sense given what X and Y actually signify. That's like saying "The faster the boat fills with water, the faster you try to bail out! And you think bailing out even faster will somehow be a good thing?"
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Re:Our Broken Economy, in One Simple Chart
by ebspelman on Friday August 11, 2017 @03:30PM
(#14993351)
Yeah, I spent a few minutes going over the last sentence in tengbretson's comment.
I would actually recharacterize Piketty's (and the author of this chart) argument as:
"X increasing is a symptom that Y is increasing. Let's implement policy A. This may temporarily increase X, but it will stop Y from increasing, which will in turn stop X from increasing in the long run."