this post was submitted on 04 Jun 2024
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chapotraphouse

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[–] FuckyWucky@hexbear.net 58 points 1 year ago* (last edited 1 year ago) (3 children)

their copium now is that its going up at a slower pace biaoqing-copium

not the prices itself but that rise of prices is going up slower ( 289.4% in May compared to 287.9% in April).

[–] Adkml@hexbear.net 57 points 1 year ago (3 children)

Nerds love second order derivative arguments.

"It's still increasing but the rate at which it's increasing is going down"

Or, as people who don't have a lanyard cutting off oxygen to their brain correctly perceived it, shits still going up.

[–] SacredExcrement@hexbear.net 34 points 1 year ago (1 children)

"We're still heading off the cliff at insane speed, but the rate of acceleration has somewhat slowed"

[–] Adkml@hexbear.net 22 points 1 year ago (1 children)

Aka we're approaching terminal velocity

[–] Crassus 9 points 1 year ago

Luckily soon we will slow down very quickly

[–] Imacat@lemmy.dbzer0.com 20 points 1 year ago

Nixon made a similar argument once. It’s the 3rd derivative since inflation is the first derivative of a currency’s buying power.

https://en.m.wikipedia.org/wiki/Third_derivative#Economic_example

[–] Owl@hexbear.net 11 points 1 year ago (1 children)

Just keep taking derivatives and eventually you'll find one going in the direction you want.

[–] qaopjlll@hexbear.net 5 points 1 year ago (1 children)
[–] Owl@hexbear.net 2 points 1 year ago

Hah, yeah.

But on a real-world data set, even if the underlying phenomenon is e^x, you'll keep amplifying sample noise until the derivatives are basically random. Assuming you even have enough data to keep taking derivatives.

[–] DragonBallZinn@hexbear.net 34 points 1 year ago* (last edited 1 year ago) (1 children)

Capitalism is a religion, not an economic system.

Is it any coincidence that the only somewhat tolerable places to live under capitalism are ones that don’t treat capitalism as gospel?

[–] GrouchyGrouse@hexbear.net 9 points 1 year ago

It's weird how the same scenario applies with religion. You can have a place where a majority of a population is religious or even the same religion but it turns out the best outcome is pairing that with secular government policy and implementation.

[–] ICEMAN@hexbear.net 9 points 1 year ago

By this rate we will hit the 2% goal in 2 centuries! Suck it commies