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Joined 1 year ago
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Cake day: June 12th, 2023

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  • As the video points out, what you’re describing is very similar to what was said about Uber & Lyft. At first glance, a cheaper, more available taxi service seems like it should reduce road usage. However, that assumes car trips are replaced by rideshare trips. In actuality, when Uber & Lyft have entered a market, it has resulted in increased road usage. This is because of induced demand, and if rideshares are replacing another form of transportation, it’s usually public transit, walking, or biking, not driving.










  • That definition is literally describing a change, as rate of change.

    Inflation is a loss of purchasing power

    Over the past year, we haven’t experienced a loss of purchasing power. We have a lack of purchasing power, but we lost it over the 2-3 years prior to the last year.

    a rise in prices for goods and services over time

    This is pretty much the mathematical definition of a rate of change. Like how speed is the rate of change in position over time. After a day of traveling, your position (prices for goods) may be way different than your starting point, but if you’re not currently moving, your speed (inflation) is NIL.