| | | How did I know? I have studied money for 66 years now and have seen a lot. 13 years since the last big panic was a long time.
In fluid mechanics there's a thing called Reynolds number which is useful in calculating the transition from laminar flow to turbulent flow.
My theory is that money if engineered properly would have an equivalent property.
Financial Relativity Theory is the physics and mathematics that describes what happens in money much as wave functions are described in garden variety physics.
It was not going to take much to flip the Magic Money Tree proponents' money systems into turbulent flow.
A similar process is when motorways are flowing fast but nearly at capacity. All it takes is somebody to be momentarily distracted and slow fractionally for a few seconds for many kilometres of flow to flip to low speed. If a bad instance, pretty soon brakes are being applied hard and many nose to tail crashes pile up.
The MMT people are like drug addicts, alcoholics, obese gluttons, megalomaniacs etc. = they don't have an off switch. They NEED more and more. In the end there is disaster.
In alcoholism and drug addiction there is often feedback and the individual can see there's a problem.
But the MMT people can't even see there's a problem. They even think they are being scientific, mathematically literate and doing God's work. Unfortunately they are not. So inevitably, relentlessly, mercilessly, the process continues until Zimbabwe, Argentina, Venezuela, the Final Solution, Mao's Maelstrom, Russian revolution, French assignat, revolution and guillotine followed by Napoleonic conquests and defeats. They all thought it was a good idea at the time.
Cue the 1812 Overture.
But fingers crossed, maybe the MMT people will get away with it once more, injecting a very large dose of heroin, mainlining, not bothering with an opium pipe.
MMT = hopium.
Right now, the silly Americans are demanding freedom, protesting in the streets. I notice nearly none are protecting their lungs. I think they think WuFlu is just a little flu.
Even quite intelligent people are unable to calculate the mortality rate. Many think it's going to be just an old peoples problem with a mortality rate less than 1%.
New Zealand had a really good chance to eliminate it completely but the government bumbled badly so I guess we will nearly succeed but not quite then exponential mathematics will assert itself followed by parabolic death rate with much hyperbole to asymptotic 90,000 population reduction = 4% of half the population in bad case.
That will be a lot of empty houses so houses will be cheaper, except that they'll be measured using the newly shriveled NZ$ so they might zoom in price.
Mqurice |
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