The Swamp model

 The Bayesian limits. We have 435 House and 50 states (100 senators I assume they have the same spin).

They are partitioned sets, we have to introduce self sampled systems. The market is the budgetary inflation tax and revenue sharing.  about a fourth of the budget maybe.

Now, there are not many plots available to 50 states as there are 435 districts.  State capitals are less liquid and tend to keep that same tax as last time.  The states severely under sample the districts and not the other way around.  This is unbalanced Markov, we need a color operator to cover superimposed paths through the states and districts, in their observed models during the negotiations.  In this model, then, we expect states to carry a counter hedge in excess savings relative to districts.  States, like concentrated lenders, lose information on aggregation of the districts, not the other way. This information asymmetry, Stiglitz calls it is under sampling in spectral theory. It is what happens when there is no Godot.

So, each of those partitions has a binomial representing the pr of a loan or deposit. The color operator is insuring their first three moments match. They are thus fair coins, but pay or earn an interest charge to balance liquidity. Liquidity is the allocation of coin tosses.  That will be a distortion in the economy, that interest charge in total. This is all an optimum portfolio problem. The dead weight cost of a noisy value added tax. The price of the Constitution.  Pay it.

A quick view is to take the log2 of both numbers. One has about four bits of precision over the other, in their ability to estimate conditions going forward. They will carry a long term surplus and pay large interest charges, with the help of a loan, but  less often than the districts.

This should be he same model used by the new Nobels.

The distribution of S/L will have two congregated groups across the divide, the states. Some in debt some in surplus. Then the districts, many more points disperse across. The partition line between loans and deposits will be bounded white noise.Districts have more commutativity. the ability to locally reorder transactions.  

The aggregate net interest charges are positive definite.  The Constitution is an imbalance, I keep telling you. This plan is about loss minimizing. So, on net, we will allocate more coin tosses to the Swamp then we would if Godot designed the chambers. We pay an energy cost, we are an inefficient tax, a tax on the computed overhead of imbalance legislature. But we will do fine, Vermont is a wonderful place, in the end.

Think absorbing black body. We have an imbalance, and to keep the body white spectral heat is added. That heat is the size of that color operator which is the precision difference between the two partitions. The banks carry that and tends to have no term identifiers.