Re: oscillator gain

On Sun, 20 Oct 2024 16:58:46 -0000 (UTC), Cursitor Doom
<cd999666@notformail.com> wrote:

On Sat, 19 Oct 2024 07:05:08 -0700, john larkin wrote:
>

If the loop gain of an oscillator is slightly over 1.00, oscillations
gain amplitude. Just under 1.00, they die out.
 
Economies are like that.
 
https://www.breitbart.com/europe/2024/10/19/record-633000-business-in-

britain-on-brink-of-collapse-report/

 
and politicians don't understand control theory.

>
Regulating an economy through monetary policy (interest rates - the usual
method) is far more problematic than most folks would ever imagine. It's
been likened to pulling a brick with an elastic band - and that's not a
bad analogy.

Economists don't even agree on which direction to pull, but they do
mostly want to pull hard. It's the power thing. Just Powell's body
language slams a trillion dollars around nowadays.

It's not a good career path for an economist to say "leave it alone
and the market will work."

I cite the morons who forced interest rates to zero for years and
didn't think what might happen.

It's incredibly difficult to get the rate set right in order
to produce long-term stability and the optimally desired 'goldilocks
economy'. That's why there's normally a panel of economic advisers
involved. It's too complex a decision for just one man.

So let 300 million people decide.