Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas
293 | Doyne Farmer on Chaos, Crashes, and Economic Complexity
Doyne Farmer
So there are feedback loops like that in the economy. We do things to try and control those feedback loops. Another brilliant insight, the reason we have central banks is to do things like control interest rates and set the rules up, adjust rules as we need to keep the economy on a steady path. But if we do that imperfectly, then we might expect oscillations.
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