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A great article about systemic instability, financial markets, and the the deficit. Here is one taste: The Obama administration tells us that the government deficit is going to be well over $1 trillion a year for at least ten years. And that does not take into account the outlier years in the 2020s when the [...] As is so often the case, however, the system became a prisoner of its own complexity. The original system of canals and reservoirs was tied, over time, to new spillways, plus a larger canal and related dam. These show signs of having seen significant stress, perhaps a reservoir going dry, all causing endless repairs to [...] |
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Copyright © 2012 Joel E Lewis - All Rights Reserved |
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