Hurricane hits 'just-in-time' economy & When the hoarding equilibrium sets in - couple of interesting posts on hurricane Sandy
The case for electronic money: The end of inflation and the end of recessions - negative interest rates! Quote: "And as a society, we shouldn’t want money to be a good store of wealth
over the long haul: we need people to put their wealth to work, either
directly or indirectly building companies to help the economy to grow,
not burying piles of paper in the sand." Brilliant.
Fasullo and Trenberth Find Evidence in Clouds for High Climate Sensitivity & Solar storm as desert plan to power Europe falters - the worst news I've read recently...
Murphy's Law - Noah Smith takes on Tom Murphy's exponential economist meets finite physicist post (I did this months ago)
"Murphy's Law - Noah Smith takes on Tom Murphy's exponential economist meets finite physicist post (I did this months ago)"ReplyDelete
Well, Noah Smith' arguments are mostly usual handswaving and magical thinking. Your post was actually better at questionong Tom Murphy's thoughts.
The Laws of Nature are very hard to question. Today humans are not very good at understanding it, particularly lacking understanding of Thermodynamics, Chaos theory, Exponential function and huge obstacles preventing exploration of Space...