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Washington State proposed bill to make gold and silver legal tender
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<p>[QUOTE="medoraman, post: 1423119, member: 26302"]Its misleading for you to say the charts show exponential growth sir. If you reset the Y axis, you would see the exact same "exponential growth" at any point along the graph, yet if you rest the Y axis to what will be needed in 10 or 20 years todays growth does not look exponential. </p><p><br /></p><p>Like I said, I went over it earlier, and technically the numbers are not wrong, its the nature of this type of graph to always lead you to a "exponential growth" conclusion. Plot nearly anything priced in dollars over time but treat a dollar as a static item, and you will see the exact same pattern, which is simply the pattern of compounding.</p><p><br /></p><p>Why do you think you see these graphs SO OFTEN on websites trying to argue such a point? Graphs are powerful devices, and convince people better than words. As such, this is the go to graph type for anyone wanting to shock. Its pretty insidious if the person knows what they are doing. I will admit that I believe most simply do not know what they are talking about, see a chart like this, and think they "know" something. Either way, I hate these graphs. I hate them because 95% of Americans or more simply do not understand how this is misleading.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1423119, member: 26302"]Its misleading for you to say the charts show exponential growth sir. If you reset the Y axis, you would see the exact same "exponential growth" at any point along the graph, yet if you rest the Y axis to what will be needed in 10 or 20 years todays growth does not look exponential. Like I said, I went over it earlier, and technically the numbers are not wrong, its the nature of this type of graph to always lead you to a "exponential growth" conclusion. Plot nearly anything priced in dollars over time but treat a dollar as a static item, and you will see the exact same pattern, which is simply the pattern of compounding. Why do you think you see these graphs SO OFTEN on websites trying to argue such a point? Graphs are powerful devices, and convince people better than words. As such, this is the go to graph type for anyone wanting to shock. Its pretty insidious if the person knows what they are doing. I will admit that I believe most simply do not know what they are talking about, see a chart like this, and think they "know" something. Either way, I hate these graphs. I hate them because 95% of Americans or more simply do not understand how this is misleading.[/QUOTE]
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Washington State proposed bill to make gold and silver legal tender
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