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by JumpCrisscross
1724 days ago
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> We know the rules of physics and math. We can make predictions using those rules and express them as well defined terms. Physics and math are not a black box. We can make a good deal of economic predictions that validate. Predicting recessions is in a similar class of problem as predicting the weather. We understand, in broad terms, the system-level dynamics. But we don't get it at the granular level, and that granular level sometimes manifests systemically in a chaotic way. |
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