Recent comments in /f/dataisbeautiful

MasterFubar t1_izpy59w wrote

> you have provided no argument except “there used to be no inflation, so there should be no inflation now!”

Isn't that a good enough argument? They knew how to manage a stable economy, now they have forgotten how to do it. It's like the Dark Ages, the Romans knew how to build aqueducts, but people then lost that technology.

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mhornberger t1_izpy4bz wrote

According to Where the Footprints End, by Cutchin and Renner, Bigfoot sightings and UFO sightings often occur together, or at least in proximity. The idea that Bigfoot is a big hairy ape is just one hypothesis, if the most popular and famous one. But there are a lot of sightings that bleed over into the paranormal.

(I'm not a believer, rather I just find the blurriness of the lines between folkloric 'things' to be interesting.)

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MasterFubar t1_izpxrbh wrote

> Doctors used to use electroshock to treat schizophrenia. > > Dentists used to use arsenic to treat tooth pain. >

And economists still use inflation to treat economic recession.

> I guess we better just ignore the composite opinions of every group of professions in today's world /s.

If the professionals use their expertise to create better and better products, then we should listen to them. However, if almost a hundred years after the creation of the Fed we are still facing major economic crises, then it's pretty much obvious to everyone that those guys are still in the arsenic and electroshock state of ignorance.

They do not understand things better if they commit the same mistakes eighty years later.

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