I don’t think it’s that easy to look at those numbers. Comparison of prices in dollars is pointless, one would have to somehow compare purchasing value of the same amount.
Do you know any sources that can provide duch information? I am quite curious but this math is beyond my capabilities.
As you hint at here, empirical data is not the only thing to go off of, nor is it generally the best thing. I have a fun video about them, but you can best understand the principles behind them with some price theory and Austrian economics behind you.
Where would I get the second one.
As Austria goes I am more into pastries.
I tried ai chat,
I hate when artificial intelligence is more intelligent than my natural stupidity
LLM AIs are not intelligent in any general sense. Don't use them for reasoning. Use your mind, books, and above all, logic itself.
Man, Economy, and State by Murray Rothbard is a great text on the foundations of Austrian Economics. There are open source Price Theory textbooks too, or the one by David Friedman, or Basic Economics by Thomas Sowell.
Intelligence is not as important as logic or wisdom, and is meaningless without a little bit of these two things.
