Where does the inflation tax put us on Markov?

 The tax is as independent as one can get, and limited, and done via executive order with knowledge that is it reverts to fixed mean over the period. The other monetary base is legislation, then we have a coherent and independent fiat system. That means we are somewhere on the 2,y,z link. The fiscal and monetary are cooperating by serving both heir markets coherently in partition. Treasury innovations are equal unexpected by all in the other partition as current liquidity charges. We are like that atomic orbital with the smaller sphere inside the larger, we go up one layer in energy.

Where did the energy come from? We removed the wobble of that increasing build up of Fed sheet since 1980. Some of it. That caused too many collisions, otherwise known as entry and exit collisions.  Private finance had been hedging that wobble, that hedge goes away, are are stopping an arbitrage, taking the entropy maximizing step, finding the compact graph and selecting minimal relative primes, and managing our Avogadro.