We got tribe

Nowadays, the problem is not a single demagogue, but a public sphere beset by swarms of “influencers,” propagandists, and bots, all semi-coordinated by the dynamics of the medium itself. Once again, ideas of dubious quality and provenance are shaping people’s thoughts without having been subjected to adequate evaluation and analysis.

Marshall Mcluhan would be proud.   Sandboxers just happen to be the smarter tribe.

For sandboxers, the Constitutional Adjustment Act is simply the formal reduction of DeLong's idea of a  simple bribe to get things done.  Sandoxers have no priors except to bound the problem, reduce it, and find the best spot to execute the bribe. Sandboxers might say, if you want the federales doing medicine, then have them do it directly; another of DeLong's ideas, I might add.

DeLong does agglomeration? Where id he learn that, I wonder? Not from sandboxers, from one of his pals. We sandboxers just formalized the idea. Reduce the problem to a specific micro arbitrage, and add one of our trading pits. Sandboxers view on currency banking is simply a formulation of economists prior work on banking history and arbitrage. We have no priors on the generational monetary shocks except to admit they happen and reduce the problem to a micro deal, a trading pit.
And we sandboxers got the math right, I might add. Sandboxers don't do 'This time is different', we are not philosophers, we just find and price volatility, price congestion in mostly closed boundary conditions.

The theoretic predictor in the sandboxer world is the business plan for our friends in Silicon Valley. It is a model, not yet computed, of a closed flow with transaction costs bundled and reduced, done y automation of the trading pit. So our reduction techniques solve all portions of the problem needed to automate the economy.

We can put this in terms an econometrician would understand: We use real time human experiments to execute a finite element aggregate macro model, compued in real time. In plain English, we let the mob bet the problem. We automate the model by automating the economy, and it is ongoing in crypto, fintech and logistics control; as we speak. As fast as google bots spread the word.

I call it the Baumol process. There is no physics, it is all economic science, jewels that took the right path.

There does exist a bunch of swindlers an alternative out there, for sure,  the string pushers.