The key trick in the growth model

 If we assume each agent is running a triple entry accounting system. Then, if the general distribution tree is a factorial, of dimension three, there exists a transformation into three matched binomials. It should be maximum entropy, it should be unique and preserve serialization.

We are assuming optimum portfolio balancing from the canonical trade format. Owner, clerk and customer. Each agent allocating serial trade space share according to -iLog(i), three 'i's sums to one. The trade selection based on the binomial that look more like a fair coin flip, I think it works out to.

My statement here the Huffman tree for each of three entropy generators has a transformation into an equivalent binomial. The the full factorial problem is reduced to balancing the three binomials by allocation of trade space. This is equivalent to altering coin weighting and toss share. There should always be a unique entropy maximizing selection of the next binomial, in the reduced model.

Just blame Putin

Steele Dossier sub-source was subject of FBI counterintelligence probe

Take total factor productivity and covid

 We are making lots of bets, but the odds are getting better.  As the trials and research bear fruit, the bets become more even. At some point, the bets become good enough, this thing is a random arrival. In other words, what we have works.

What remains is valuable alternatives that bulge inventories an trail out later.  This is he residual productivity, the surplus.  It is there because of value chain length, they get stuck on the chain, but still have value. Again, the idea of kinetic energy comes to mind,  under sampled covid projects. The results free to bounce around and find other opportunities.  Market size must be undetermined to an error bound in adaptive systems.  

It is always a queue balancing problem when arrivals are serialized somewhere. They will be relatively prime, integer solutions.

The better growth model

The total system is three value chains. The length of the chain and the total market size are bound together, with uncertainty in self sampled systems. But it has stable points and economies of scale are met such that product containers can be standardized.  It solves the three relative prime problem.

And there is a maximum market size. There is a human comfort zone, we humans have a hidden Markov model.  The uncertainty in market size appears as folks getting on and off the distribution, 'fails to deliver', In physics it is known as kinetic energy. So, the economy will be super positions around the lower levels of the Markov 3-Tuples.  The model would be three adaptive binomials, alpha, beta and gamma; solutions to the optimum relative primes.

I think of Walmart. Customers, clerks, and owners; three queues.  Moments are matched.

Then superpositions and you economy model is a mosaic,made of mutually coherent binomials, like bunches of franchise Walmarts with auto stores and banks all arranged, at optimum, as a distribution without loops. Hidden markov 3-tuples.

We will find many of the familiar optimum ratios and all that, including price volatility where it is supposed to be..

The binomials normalize arrival rates for inventory and people.  They thus look mostly like independent arrivals, and that is optimum diagonalization, you might say.  They share of the arrivals for each depends on entropy, how close to balance is the thing.

Would you work on a starship that won't be completed for a hundred years?

Is economic growth inexorably slowing down?

That was the question in my mind when reading this good post by John Cochrane.

For the right money I might, but that begs the question, would you invest in a project that won't be completed for a hundred years? Would you vote for a government project that wouldn't be completed for a hundred years?

Here is a related question.  How hard would you look for a task that will be completed in a few years?  What if all the best projects require require a hundred years?

My point being that depreciation cycles get longer as the value chains grow longer.  Economies of scale, value chain length and productivity are mostly the same concept.  

Why are people staring at their smart phone screens? Because the real life transactions are too fast in the urban dense economies with increasing economies of scale.  We have a limit, our cities have Avogadro numbers. If we want to go higher, we need extra dimensionality, and we do not have it.  More importantly, human comfort is exceeded when we cannot stop to say hello, and we will exit the task due to discomfort.

This problem needs solutions, generally in the form of real artificial intelligence, the kind outlawed by the NSA. Allow us to have an autonomous contract manager in our smart phones and we will be staring at our screen much less, and saying hello more often. But the screens are still useful, when we need them the information displayed will be much more accurate and complete. A good balance for big tech, our welfare bums of the day.

A common problem in the Swamp

Trump team suspected Mueller cognitive decline

Just look at Diane Feinstein or Lindsey Graham or Biden.  Trump never had much cognitive ability to begin with. We are pretty much screwed.

I doubt it

 Democrats Crafting New $2.4 Trillion Stimulus Bill to Spur Talks

I would be surprised if Nancy has a clue on this.  I suspect it is another of Kamala's attempts to bail out California pensions.

The 4 trillion in defense waste and the constant war declaring

Lindsey Graham Begs Fox Viewers: I’m Being Completely Annihilated In Fundraising In My Senate Race

In fact, we intend to dig up McCains corpse and burn it for the same mistakes.

I suggest you retire before causing any more harm.

A misdemeanor endangerment charge

Louisville Police Release Identity Of Suspect Connected To Shooting Of Two Officers

According to the local DA.

I fully expect dozens of cops will get themselves shot by agreeing to such a ridiculous ruling  combined with the Second Amendment.  The cops union should just make it legal to shoot cops, avoid all the legal hassles. Kind of like a war.

Asked and answered by the Kentucky DA:

LOUISVILLE, Ky. (AP) — In the wake of the decision not to prosecute Kentucky police officers for killing Breonna Taylor, authorities and activists alike wrestled Thursday with the question of what comes next amid continued demands for justice in the Black woman’s death.

Shooting cops is OK according to the DA. 

I would have asked a different question.

UK: Man Arrested For Not Wearing Mask Asks Cops Where They Were During BLM Riots

What question do my readers think I would ask?