The Fragility of The Spun Glass Mind?
At Macronomics The Spun Glass Theory Of The Mind, we Nattered... Martin - As always a pleasurable read chocked full of actionable material.
In order, No and Yes.
As we have Nattered before, Captain Crunch at large and in charge, singularity straight ahead, brace for impact.
Once the "end of the innocence" comes, in one way or another, we all wind up damaged goods. To what degree is the only question. Resiliency would be a coefficient of severity viz. permanent damage and impairment; and coping mechanisms necessary viz. to become comfortably numb.
"Does the end (lowering unemployment levels) justify the means (increasing M) or do the means justify the end (deflationary bust)?"
In order, No and Yes.
"Credit dynamic is based on growth. No growth or weak growth can lead to defaults and asset deflation. The change in credit growth is a flow variable and so is domestic and global demand!"
As we have Nattered before, Captain Crunch at large and in charge, singularity straight ahead, brace for impact.
"poked fun at what he called the "spun glass theory" of the mind which is the false notion that most of us are delicate, fragile, and easily damaged creatures that need to be handled with kid gloves. Since then, many researchers have shown that most people are surprisingly resilient even in the face of extreme trauma."
Once the "end of the innocence" comes, in one way or another, we all wind up damaged goods. To what degree is the only question. Resiliency would be a coefficient of severity viz. permanent damage and impairment; and coping mechanisms necessary viz. to become comfortably numb.
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