1/ I've been saying for a decade or so (actually, longer than that - the gov shut down my blog 11 yrs ago, and I was saying it there) that I think that not only is the human propensity for violence constant, but the AMOUNT of violence is constant, but we're noise-shaping it >>>https://twitter.com/Chris_arnade/status/1499367434150682631 …
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The Californian Forest-Fires model of armed conflict.
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This matches with what seems to be happening in the financial world. Monetary policies eliminate the mid-sized financial crises but the energy is eventually released like the global financial crisis.
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I wonder if something similar applies to the magnitude of economic downturns.
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