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7% is close? In what world is 7% close?

If you ran 7% of a mile in 5 minutes, would you claim you were close to running a 5 minute mile?

It’s about 1oom off. In some contexts, one oom is pretty close.

And as we all know, the economy scales exponentially with no real world repercussions /s

Looking at it logarithmically makes more sense to me. 500B seems a lot closer to 7T as 3K is to 500B. It's only off by an order of magnitude