Especially "smart enough to ask" and getting 100k in 1990. Chipper Jones got 250k...

> Maybe more Americans need to go to Japan and Korea.

Maybe! But the ones good enough to get a lot of money there are good enough to have a likely MLB career and a huge signing bonus that they'd be throwing away.

I know that some education systems in the world are trash, but sometimes good ones have you do things to teach you skills, not just learn how to repeat a process.

>If it does not have a research or pratical purpose - why add it ?

They were tasked with creating a carbon neutral car. That's one of the things they did to get there.

>It's the same with all manner of student competotions and projects from the Putnam competition, the various DARPA challenges etc. The more a university promotes itself the more grant money and industry cooperation it's likely to get. It's actually good for both the students and the university as a whole.

This is very different than what OP is saying.

>The point is that it's a pointless, dead-end feature that was only implemented to generate superficial interest.

This is what's cynical.

The amount of cynacism in this thread is absolutely wild. These kids (they're freaking undergrads!) aren't claiming they are saving the world here. Like, here are a couple of quotes from these kids.

>It is really still a proof-of-concept, but we can already see that we will be able to increase the capacity of the filter in the coming years.

.

>We want to tickle the industry by showing what is already possible. If 35 students can design, develop, and build an almost carbon-neutral car in a year, then there are also opportunities and possibilities for the industry.

It's not that either. It's just a class project. They made a car that captures more carbon than it emits.

It's incredibly cynical to think that this project was used to get money instead of teach students and build their skills. Sure, nothing here is all that useful and practical. But maybe one of these students will go on to create something that is.

And like, they accomplished it as freaking undergrads from scratch. It's not like this can't ever be improved upon.

It isn't a "marketing gimmick", it was done by students. Like, they built it with parts that they could use in other projects once they tore it down...

7 forwards signed beyond this year. Reilly is going to get bought out or traded to free up at least $1.5M. I don't see them having much trouble.

Wouldn't a low interest rate with changing unemployment be a pretty decent indicator that the link isn't very strong?

>so it’s unlikely there’s any empirical evidence that an increase in unemployment won’t still have an impact on the inflation rate

It's not no impact, it's just a lot less of one than in the past.

>but is there any evidence that an increase in unemployment isn’t still linked to a decrease in the inflation rate

Yes. When unemployment spiked in ~2010 but inflation was at 1%

There's just so so much more monetary policy and economic forces that impact inflation these days.

The link that is broken is unemployment and inflation, and yes there's evidence for that. That's not to say raising interest rates can't fix inflation. It's that, IMO, it would do very little for this inflation.

I mean, no we don't? Just because the Fed only has a hammer doesn't mean the problem has to be a nail. This is not the best way to fix it, and is probably one of the worst.

Oh, I didn't articulate my point well. My bad.

Yes, a decrease in overall economic activity will result in a decrease fuel consumption. That doesn't mean it will lead to a decrease in fuel price.

>You don’t think a decrease in overall economic activity will result in a decrease in fuel consumption?

If you wanted to change the subject you should have specified.

But yeah, consumption can pretty easily be reduced without impacting price. Our markets are too concentrated and barriers too high.

Here's a pretty good video about it from 2019

https://www.youtube.com/watch?v=YJ6o7s_5118&ab_channel=BloombergMarketsandFinance

That's the theory. It's just not really happening anymore for many reasons (market concentration likely one of the main ones)

Interest rates absolutely impact employment numbers. It's that employment numbers doesn't have much of an impact on inflation. It makes sense when like, 50% of inflation is caused by corporate profits.

Yeah, when all you have is a hammer, everything looks like a nail.

>Another side to this is that they want to dampen the labor market which helps reduce wage-spiral inflation a bit

But like Powell has said (and is backed up), unemployment and inflation no longer have a strong relationship.

And OPEC would probably just cut production a little and keep the price the same. Or russia would destroy another pipeline.

Even still, a 5% decrease in global demand for oil is massive.

I'm not trying to say that it won't help at all, it will just won't be much. And will almost certainly be more harm than good. And yeah, there are way better ways to help.

Not to a large degree, no. There are way too many other factors causing it right now. The amount of activity it would have to cut would be a disaster.

Fair point. Still though, interest rates are going to do very very little to gas prices and food, two of the main drivers of inflation. And if they do, it's likely because people are starving.

So?

He also said it in 2022.

https://www.businessinsider.com/fed-chair-jerome-powell-inflation-unemployment-relationship-abnormal-phillips-curve-2022-1

Even every country raising interest rates isn't going to do much for inflation. It's not the 1980s anymore, the economy is changing. Many central banks realize it (like the US), but are raising interest rates anyway because that's the only tool they have.

The relationship between inflation and interest rates really isn't that strong anymore. Largely because the link between unemployment and inflation isn't very strong anymore either.

The fed doesn't even think raising interest rates will do much for inflation.

They're mostly related at this point because countries think, in vain, that interest rates will fix their inflation.

Edit: It's fair not to believe me. Maybe listen to Jerome Powell?

>says the relationship between inflation and unemployment is gone

Here he is talking about how interest rates won't impact food or gas prices

It's not that interest rates can't fix inflation. It's more that it won't.