Re:Why inflation is not a threat
by throwaway316943 on Sunday March 14, 2021 @10:28AM
(#26455720)
That’s wrong. The current theories may not have the right answers but it is a real system in the physical world so there is a “correct answer” or description of how it works. It’s subject to change but that only changes the description as well.
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I think it's not wrong so much as you have tipping points that are really unknown, and a lot this depends on where we are in the tipping point. How much debt is too much debt? How much money printing is too much? How much is an asset really worth?
You can have a "correct" answer that's unknowable. Assuming you know everything, you can calculate everything. However, there is an amount of randomness in the system (and everything can't be known), so the 'right' answer is hard to know, will not always be correct, and is impacted by personal risk tolerances.