"Never explain a changing parameter by a constant factor," quoth @robinhanson. Eg:
"Why is inequality rising?"
"Greed."
"Greed isn't new!"
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(At least it seems a natural reading based purely on the quoted words. It may not be a natural reading in real examples.)
Thanks. Twitter will use this to make your timeline better. UndoUndo
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You still have to explain why the parameter started out low in the recent past.
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Yes, although how recent depends on the specific example.
End of conversation
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