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mamediz | 3 years ago

This reminds me of that old joke "In the fall of 1972 President Nixon announced that the rate of increase of inflation was decreasing. This was the first time a sitting president used the third derivative to advance his case for reelection." https://www.maa.org/press/periodicals/convergence/quotations...

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mortenjorck|3 years ago

To be clear, the article is not discussing the third derivative, but rather arguing that the standard “now versus one year ago” measure is heavily back-weighted due to factors early this past year. The second derivative is down!

flandish|3 years ago

> due to factors early this past year

Is that like how it was convenient in the 2010’s when discussing “terrorist attacks on US soul” to conveniently leave out 2001 because it was an “outlier?”

mamediz|3 years ago

Is not? The title says, Inflation (first derivative) is falling (second derivative) much faster (third derivative) than most people know.

SilasX|3 years ago

That would apply also to anyone who made a campaign issue out of some train or car being too jerky. Later examples might include the Toyota unintended acceleration?

Rebelgecko|3 years ago

I feel like this is a really good opportunity to make a joke about how Richard Nixon was kind of a jerk, but I can't quite figure out the wording.

reilly3000|3 years ago

I humbly submit: Dick touts limp jerk

afarrell|3 years ago

The setup is left as an exercise for the reader.

redtexture|3 years ago

Inflation was still increasing.