The debt dynamics work the same for a central government as they do for a person or a company, except that a central government has a central bank that can print money (which devalues it) and it can take money away from people via taxes.
All told, this is a read-in-one-sitting thriller that does as much to illuminate the workings and dynamics of patriarchy and religion as any gender studies class. It's peak Kritzer (so far), and that's saying something.
Jurassic Park by Michael Crichton is a surprisingly weird and weirdly underrated novel given how many copies it sold and the popularity of the blockbuster franchise it spawned. The story weaves together many apparently disparate threads and there are extensive speculative digressions into the biotechnology, business interests, and institutional dynamics that make the park possible and its dissolution inevitable. If the movie is supremely entertaining, the book is supremely thought-provoking.
And when you make a mistake and correct it, well, first you you've achieved the task because you've corrected, but you've also gained knowledge that allows you to avoid that mistake in the future. With driving, because of the dynamics of how it's set up, it's very hard to make a mistake, correct it, and then learn from it because the mistakes themselves have significant ramifications.
I think to the extent that it can predict the next frames in a coherent way, that is a form of understanding, not in the anthropomorphic version of, it's not some kind of deep philosophical understanding of what's going on, I don't think these systems have that, but they certainly have modeled enough of the dynamics, put it that way
Structural fiscal deficits have surpassed private sector lending and monetary policy as the primary drivers of economic activity and inflation, marking a fundamental shift in the economy's liquidity dynamics.
"It’s honest in how it covers topics like navigating tricky power dynamics with CEOs, surviving 'peer panic,' dealing with competition within leadership teams, and in its overall breadth and depth."
Mind candy: Military SF by someone who must've spent a big chunk of time in the (US?) military. The novel is good on the inter-personal dynamics of the service and especially of the small ship.
Not only are the traditional staples of classic value investing (readily discernable quantitative measures of cheapness in the here-and-now) no longer likely to produce a sustainable edge on their own, but the world has gotten more complex, with many more dynamics that can drive a decoupling of near-term metrics from valuation, both to the positive and negative.
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