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I mean "good" as in "what someone desires", not whether it adequately fits some model. The reason is: If someone defines a particular price increase as "good",
by mynameishere 18y ago
I mean "good" as in "what someone desires", not whether it adequately fits some model. The reason is: If someone defines a particular price increase as "good", that person will try to manipulate the underlying model. Thus, the government wanted housing inflation, and so it artificially lowered interest rates [1]. They still want it...and so they can still get it by artificially introducing more buyers into the market.
Utter insanity.
[1] A gross simplification.
- byrneseyeview 18y agoThat is a fair point, but I don't think disliking their stupid motives is enough to make me dislike their reasonable actions.