Sunday, September 13, 2020

Due Process in the S/L

 It simply means scofflaw costs are equally shared.  

There is an insurance deposit on entry, returned on exit; minus the scofflaw costs. Due Process entails keeping the scofflaw queue small. Otherwise, this should be easily understood. There is no functional reason to exclude, say super wealthy or government agencies or pension funds; large is the order of the day, however. Nor is there any reason to favor savings or lendings. The contract is quite explicit, bankruptcies should not requant the S/L pit. The pit boss is not making a call to the credit agency, that is passed to the scofflaw bots. It is a prepaid cost.

Due Process, in this government, means small state governors have a clue about keeping huge revenue payments. Turn the default liquidity into a cash swap across the two legislatures. We want preconvedrgence, brains who get what is coming, and what is likely to repeat. They will converge on these small states, knowing the amount of cash involved. When Trump Two tries a Nixon, we can do a much more improved default deal with Powell.  Powell gets the problem, he is much more likely to do a much better deal then in 1971.

Can we make a theorem? In any dimension, the Boltzman multplier is minimal when the relative primes are maximally prime. Then look at the product of those bolrzmans as dimensionality grows.  We get tha product of those maximal Bayes spaces, the m^m. From that spot there is a lognormal approximation that can give you Avogadros, and it should be lognormal error bound. The approximation is letting the number of relative primes grow until you are tired of computing. But in the local finiteness, the logbinomial has sticking points, nodes on a N-tuple Markov tree.

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