One has to bet the flows of the good. Money will always flow so as to retain its utility relative to the constrained resource. Money flows have to equalize the channel such that all goods flow are defined with the same coherency. One channel can be a rate multiple of another, but the fundamental prime channel rate matches the constraints. John Tierney wins a sure thing.
Define the prime constraint as flowing according to some minimal polynomial, Pr. Other goods can contain as a polynomial of the form Pr * Px, where the second polynomial has smaller rank; and that only happens if the bankers offer cheap services, multiplies are costly.
No comments:
Post a Comment