tag:blogger.com,1999:blog-6837159629100463303.post877720829486940495..comments2023-06-18T01:25:08.748-07:00Comments on Information Transfer Economics: The economic future of China is so bright (I gotta wear shades)Jason Smithhttp://www.blogger.com/profile/12680061127040420047noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6837159629100463303.post-1059865545058145982015-01-21T18:06:40.558-08:002015-01-21T18:06:40.558-08:00Thanks!
Actually, I addressed this exact questio...Thanks! <br /><br />Actually, I addressed this exact question in a post on bitcoin -- because the supply of bitcoins is finite:<br /><br /><a href="http://informationtransfereconomics.blogspot.com/2014/09/the-bitcoin-wall.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2014/09/the-bitcoin-wall.html</a><br /><br />The result is that NGDP just fluctuates around a given point -- I have no idea yet on how to estimate the size of the fluctuations.<br /><br />The shocks to NGDP actually average to be positive (think population growth), but there is no limit to how big negative shocks will be. NGDP would take a random walk that would look like economic growth for awhile followed by a crash.Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-55867087565407676742015-01-21T17:54:38.121-08:002015-01-21T17:54:38.121-08:00I, too, find the blog fascinating. It has caused m...I, too, find the blog fascinating. It has caused me to blow the dust off my old thermo books. Here's a question that might help me get what's going on here: What happens in the model if MB is constant?ladderffnoreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-5935422308468209862014-08-03T11:21:53.203-07:002014-08-03T11:21:53.203-07:00I have a two-part introduction to the main idea be...I have a two-part introduction to the main idea behind this blog (how economic transactions transfer data):<br /><br /><a href="http://informationtransfereconomics.blogspot.com/2014/03/apples-bananas-and-information-transfer.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2014/03/apples-bananas-and-information-transfer.html</a><br /><a href="http://informationtransfereconomics.blogspot.com/2014/03/how-money-transfers-information.html" rel="nofollow">http://informationtransfereconomics.blogspot.com/2014/03/how-money-transfers-information.html</a><br /><br />The main prerequisite is knowing what information theory is:<br /><a href="http://en.wikipedia.org/wiki/Information_theory" rel="nofollow">http://en.wikipedia.org/wiki/Information_theory</a><br /><br />There is just one differential equation I use:<br /><a href="https://www.khanacademy.org/math/differential-equations/first-order-differential-equations/homogeneous-equations/v/first-order-homegenous-equations" rel="nofollow">https://www.khanacademy.org/math/differential-equations/first-order-differential-equations/homogeneous-equations/v/first-order-homegenous-equations</a><br /><br />And if you have any specific questions, go ahead and ask; I do my best to be responsive to every question!Jason Smithhttps://www.blogger.com/profile/12680061127040420047noreply@blogger.comtag:blogger.com,1999:blog-6837159629100463303.post-6290818488655177152014-08-03T01:18:02.405-07:002014-08-03T01:18:02.405-07:00I wish I could understand this blog. I wish I could understand this blog. Benjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com