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Reply #7: Bah. [View All]

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Home » Discuss » Archives » General Discussion (1/22-2007 thru 12/14/2010) Donate to DU
bemildred Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-02-08 09:54 AM
Response to Reply #5
7. Bah.
Edited on Tue Dec-02-08 09:58 AM by bemildred
Economies are complex, non-linear equilibrium systems. Once you disturb a stable state, you don't know:

1.) When you might be able to get it stabilized again.
2.) Whether the new stable configuration will be near or far from the old one.
3.) What particular procedures you need to follow to stabilize it, though you can make general statements that pushing it farther from balance is not good, disrupting the negative feedback mechanisms is not good.

This is not physics, physics is the wrong sort of model entirely, and the mathematics of physics is the wrong mathematics for it. Pretending that you know where you are going just makes it easier to keep driving into the ditch. Humility and fear are the proper emotions, dispassionate and open-minded attention is the proper attitude.
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