2 ms·
I was thinking the other day: lets assume that there is some average economic cycle that 1 out of 7 years is a recession. If that cycle is invariant, but via s
by michaelneale 18y ago
I was thinking the other day: lets assume that there is some average economic cycle that 1 out of 7 years is a recession.
If that cycle is invariant, but via some means the time variable could be compressed, such that 1 in 7 days was a recession - suddently that seems not so bad (kind of what the article was hinting at?). So you compress time, increse the severity of changes but reduce the impact time (which is I guess where the real human damage is done).
Will be interesting to see.