3 ms·
No problem! The big thing--usually missed by most folks, especially engineers whose intuitions and experience are correct but in the wrong domain--is that you
by ai_critic 11mo ago
No problem!
The big thing--usually missed by most folks, especially engineers whose intuitions and experience are correct but in the wrong domain--is that you don't balance a country's budget like you do a household's. The scale is different, the incentives are different, the problems and tools are different.
Of course, to confound things, it's entirely possible that we should treat a country's balancebook like a household's, and it's just the dumb luck of near 3/4 of a century that we've gotten away with assumptions like mine. :)