Another Example Where "Scale" Is Not Understood By Most
I probably should have posted this in the previous post...
But it's a good one...
Is an 8K Screen Resolution TWO TIMES or FOUR TIMES larger than a 4K Screen Resolution for your TV or Monitor!?
The answer may surprise most if you are not familiar with it or thinking about in a certain way, but the answer would be that an 8K Screen is FOUR TIMES, having "quadruple" the resolution size compared to a 4K TV Monitor, even if it were measured in the pixels.
So it's even in something like that, where Scale is underestimated or only thought about based on looking at the "numbers" only, by the average person.
Numbers, just like Statistics, never tell the full story of everything.
Sounds like more Jew manipulation.
ReplyDeleteI can see how 8K resolution is 4 times higher than 4K due to 4X4 =16 and 8X8 =64, how would this apply to inflation on a good which has gone from $4 to $8? Surely it is double rather than quadruple.
ReplyDeleteWhen it comes to inflation, I have recently considered tracking the prices of everything I routinely buy, and then coming back next year to see what the average % increase will be. Our media lies about the inflation rate so it could be a good idea to see it with my own eyes. Generally I would track: rent price, utilities, food, drinks, gasoline, prices of certain meals at restaurants and drinks at bars.
ReplyDelete@Kyle,
DeleteIt's hard for me to put it in words, I understand your point in that as well, but what happens is actually more of a "systemic problem" because of the compounding effect of using large price or wage amounts in the system. It has a major compounding effect, and in times of hyperinflation it becomes far more noticeable because it takes "that many more dollars" to keep up to equilibrium, the larger the figures grow, "in the system" correlating to its actual value.
I know I'm still not explaining it right, the English language doesn't permit me to explain it the way I want to do, but it's an issue of the vastness of the scale of increases over time, and also the perception becomes lost on how one's purchasing power are eroded in this manner.
@PSA could you be referring to how with inflation, companies cut corners and make cheaper products? So the price increase doesn’t track true inflation? I have also witnessed shrinkflation happening to products I consume, so I have to also track weight and volume changes over time. For example I sometimes consume chocolate and before COVID, I used to pay £1.00 for 155g. Now I pay £2.00 for 85g. Also it tastes bad nowadays to the point where I pretty much cured my chocolate addiction just by their failure to deliver good quality. So essentially for most inflation its price increases + decrease in amount of product sold + decrease in quality. You bet it that if the company made no changes to the weight and quality, it would probably cost about £8.00. Alcoholic beverages are also decreasing the amount of alcohol in them whilst raising the price.
DeleteRent prices in Germany can grow around 40% or so in just on year. I still don’t understand the causality, but some factors are: more people want to live alone in their own apartment/house, massive immigration (including Ukrainian refugees), more people want to live in specific places (major cities), rules and regulations by the government on how housing should be constructed, drastic increase in money supply by the banking complex, … there is certainly more to it, but I don’t understand it all.
Delete@Kyle, Somewhat, but what I can say is that a large part of what it has to do with is something in Financial terms known as "Monetary Aggregate"... See, when inflation is low or never has been all that high to begin with, it's not really a big deal. But when inflation gets very high, especially bordering hyperinflation, this is when the issue with the scale becomes problematic, and so basically no amount of what are paid out in wages, or even what an item is sold at on the shelf is "suffice" to cover the debts systemically. And then the system increasingly needs ever larger injections that compound, to even keep it going at "that rate" even before the Inflation MUST go up again.
DeleteSo what happens is, there is a distortion between real prices and actual prices for something sold in the market, and a business might also be in fact UNDERSELLING something at cost, even if he claims he wouldn't be able to sell the item if he charged full price to pay fair wages to his employees.
Interesting
ReplyDelete