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If we're going to correct our metaphor, it's like saying "when we add up the balances of all accounts, we're missing a million dollars, but when we add up all t
by fatbird 3y ago
If we're going to correct our metaphor, it's like saying "when we add up the balances of all accounts, we're missing a million dollars, but when we add up all the interest earned on those accounts, total interest only makes sense if that million dollars is somewhere in there. Therefore, there's a million dollars we can detect overall but can't locate specifically."
- airstrike 3y agoI like that, thank you for humoring me and my ignorance It feels like TFA is arguing "the way we calculate interest in the current model is wrong, here's a new formula". The jury is still out on whether that new formula breaks other parts of the model, I suppose
- fatbird 3y agoYes, exactly. And carrying it just a little further, the missing million idea has been around a while and actually accounts for quite a few observed discrepancies. A new interest formula plausibly explains one, but then has to tackle the others as well or better before it'll be taken as seriously.