3 ms·
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 fast
by bbctol 9y ago
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?"
- ebspelman 9y agoYeah, 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."