Without compensating for inflation these tells us very little.
Ribbitor123 on
Needs to be correlated with population growth, which is of course exponential (current doubling time: around 40-50 years). Remember: the world population was around 1 billion in 1800 and is now around 8 billion.
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Neat. Too bad these don’t cover recent decades.
Without compensating for inflation these tells us very little.
Needs to be correlated with population growth, which is of course exponential (current doubling time: around 40-50 years). Remember: the world population was around 1 billion in 1800 and is now around 8 billion.
https://preview.redd.it/3ls6iy9x0lke1.png?width=852&format=png&auto=webp&s=5087a3e7509a2b0da14023f02f926b15bf11e868
Yeah, using 500 years and a log graph basically means 95% of this graph is irrelevant information that’s not useful beyond “prices increase with time”