This perspective comes from a mix of common sense and a new understanding of growth systems as made of many kinds of independent agents, just as it appears. Looking at the world that way violates the scientific principle of determinism, however, considering all systems as having independent responses to their environments, something sort of like free will. But hey, that things have minds of their own is exactly what were trying to explain, isnt it? Why not hear out someone who has studied it carefully from a direction others have passed up for years?
The economic multiplier, using profits to multiply profits, is what we should look at. It turns out that if no one makes any of the mistakes we see as responsible for the current collapse of expectations, maintaining the multiplier will create conditions where some other ones will emerge. Thats an important catch. Everyone mistakenly sees the multiplier as a way to multiply their own rewards, and doesnt see that it as also multiplies their neighbors risks. The real problem is that there is no way to turn it off when the risks get out of control. Best, Phil Henshaw ¸¸¸¸.·´ ¯ `·.¸¸¸¸ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 212-795-4844 680 Ft.Washington Ave NY NY 10040 [EMAIL PROTECTED] "it's not finding what people say interesting, but finding the interest in what they say"
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