We were talking about Recipes this week in our Millennial’s Missing Manual (Coping section Thursday) and we have a dandy discussion this morning of Modern Monetary Theory and how it works and what does it mean.
The short answer is: Formulas cloud thinking. But it’s a kind of turf war between the math-leaning quants on the one hand with the more clear-headed behavioral economics believers on the other.
Bottom line is “What we all believe about the future tends to manifest” but there are some interesting :reasons why” in MMT which are worth talking about…
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first finland, now india to provide citizens free $$$$ nothing….
http://www.businessinsider.com/india-indian-government-set-to-endorse-universal-basic-income-free-money-economic-survey-2017-1
what was song….”…get your money for nothin’…get you checks for free…dum, dum, dum, dum……
Cold War 2.0 :
http://www.pri.org/stories/2016-12-14/brief-history-times-us-meddled-others-elections
When we fully understand neural net topology, function, and feedback/forward between layers, we may actually get to a place where we can have some confidence in computational intelligence that we cannot fully understand, though that may be a mixed blessing.