• 1 Post
  • 533 Comments
Joined 2 years ago
cake
Cake day: September 12th, 2023

help-circle


  • Before he went nazi, Teslas had one of the highest customer sat ratings of the car manufacturers for years. The whole QC thing was part of a campaign against Tesla - if the customers were extremely happy with their cars then skeptical assessments of the accusations are in order. The Model Y didn’t outsell the Corolla world wide for no reason. If people were willing to pay it then they can’t have been over-priced in the eyes of the buyers, no ?

    Nazi man bad, but Tesla made cars that fit the needs of a lot of people for a while. They’ll rightly go broke now because Elon has broken US democracy (and is trying to do so in other countries), but the cars were fine, in fact the big problem I have at the moment is finding a better car to recommend when people ask. The range/functionality/performance/fitout combo is really only matched by BYD (not available in the US) although the Koreans are now pretty decent. Depends on a user’s needs/parameters.














  • thanksforallthefishtoMemes@sopuli.xyzMy brain lags
    link
    fedilink
    arrow-up
    27
    arrow-down
    1
    ·
    8 days ago

    The love for subtitles took off at the same time Hollywood decided to mix their audio so you can’t fucking hear the voices, coincidence that subtitles have surged ? I don’t think so. Watch an 80s or 90s movie where you can actually hear the dialogue. Better isn’t it ?




  • These models don’t work because they ignore the MOST significant driver of inflation

    Wellll… they work just fine for their intended purpose - demonstrate the correlation between 2 variables in an understandable way.

    What you are (correctly) referencing is that there is a much more complex system in reality than the simplified model - they literally exist to try and explain difficult concepts in digestible ways. Everyone’s eyes glaze over if you try to do the "if this, then that, but if this then the other (at 45 variables level).

    So yes, inflation is wildly more complex than just money supply or demand push inflation (the flavour the Phillips curve is looking at).

    But the people in this thread bitching about economists dumbing stuff down so they can understand it resulting in simplistic models that don’t reflect the real world would be just as quick to bitch about how they’re in an ivory tower because they refuse to explain things in laymans terms.

    Damned if you do, damned if you don’t.


  • Also the Phillips curve is a two variable snapshot from a multi variate world (iow a simplification so freshmen can understand). The right hand graph is clearly not holding the other non graphed variables constant, hence you don’t get anything useful.

    Economics as taught below PhD level is about simplifying down concepts to make a complex system understandable.

    Phillips curve says that as unemployment gets worse the ability of suppliers to raise prices gets weaker because consumers have less money.

    Of course consumer demand is only one facet of inflation, there’s a whole system of variables there.