alt Hacker NewsYet the overwhelming factor in modeling the movement of those satellites is still distance = speed * time.
The existence of nuance and external factors don't negate the original principle.
The equivalent to arguments made by 'economics deniers' in this thread would be if you argued: the satellite moving at 7.8 km/s actually causes the earth to spin 8 km/s faster, so trying to make the satellite move faster makes it go slower! Applying acceleration doesn't help!
No. Making the satellite move faster generally makes it move faster. Building more housing generally makes it cheaper.
Let's not do the HN thing and get lost in pedantry.
> The existence of nuance and external factors don't negate the original principle.
Eh, ok throwing out all of physics 101 is a little strong. But you still don't use the original formulas you learned to do actual analysis. So using the basic models from econ 101 to do analysis can lead you to incorrect answers (but also correct ones; from a False premise you can imply both True and False; see "Material Implication" [1]).
So sure on a forum like HN it can be appropriate to use basic econ 101 logic but when somebody is trying to be an expert or write an article for thousands+ people you should really question why they're only using 101 logic.
> Let's not do the HN thing and get lost in pedantry.
Lets actually do the not HN thing and read the article.
There's too little rigor in the article to support the argument in the title. The articles _own numbers_ are that after building 120k housing units the rent went up 85% (4% decrease after 96% increase). Just looking causally at this the only data in the article supports more housing = more rent; the article is only casual observations so little reason to do anything else ...
[1]: https://en.wikipedia.org/wiki/Boolean_algebra#Secondary_oper...