Bankers and control theory

Like Janet.

Its all about spectrum and bandwidth.  What is the bandwidth of the central banker, the bandwidth of Congress and the bandwidth of various sectors of the economy.  Inadequate bandwidth results in dead cat bounce.  It the Euler stuff, but its not correct, I do it because people like Janet do it, and it really simplifies everything.  It allows to talk cycles. We can watch the tub fill at the end of the cycle, abnd look at noise sinals, see the wave, and draw smooth lines.  Greatr stuff, very explanatopry. and when you have consistent data, it is predictive.

Economists need channel theory if we squirrels deliberately limit bandwidth, do the dead cat bounce. Having all the bandwidth you need is infinitely expensive, and as a bonafide representative agent, yes, I limit the bandwidth. In fact, as a representative agent I sometimes sit around for months and don't do much. That means, generally, the model is channel theory, adn the opertions are channel enciding to minimize transactions.

But, infinite bandwidth control theory is fun, h is how I do control theory, using the handwavy, eyebally type of analysis.