pull down to refresh

396 sats \ 3 replies \ @anon 12 Jan \ on: Milei is a vintage Latin American populist inflationist - Saifedean thread econ
this post is nonsense and economic illiteracy from a retard that believes in stock-to-flow charts
the cited stats make no sense with the claims made
he doesn't even know what a budget deficit means
write
preview
0 sats \ 2 replies \ @oliverweiss 12 Jan
What is wrong with the s2f charts like the one below?
from what I’ve seen so far this one above looks god damn incredibly good no matter the math equation(s) behind.
reply
0 sats \ 1 reply \ @ca 12 Jan
No model can predict the future because there is no "single" future but a range of paths that have not happened yet. That is what will determine the future price.
Since the unknown is unknown it cannot be modelled.
How you would you have been able to model a Bitcoin Strategic Reserve in 2018? Or how would you model the scenario in which Satoshi moves ₿ from his original addresses in 2032?
It's all non sense.
reply
0 sats \ 0 replies \ @oliverweiss 12 Jan
No model can predict the future
You mean the economic models?Maybe. Otherwise your statement, if meant in general, is simply wrong and calling it nonsense is your ignorance.
reply