Information theory question: if you solve a macroeconomic institutional failure by “printing more money”, is there net entropic information loss from the economy? Is resulting extra inflation a way to not just socialize the cost of a failure but to “forget” that it ever happened?
Yes, but it can still lose info. If an unknown rich person dumps a lot of toxic but not uniquely identifiable trash anonymously in the public dump, whole town suffers, but some info is arguably lost. Or at least obscured.
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I suppose any such transfer from elites to the broader masses accomplishes that in the narrative sense (since people care more about the former) which is probably why a version of it happens in so many domains
Thanks. Twitter will use this to make your timeline better. UndoUndo
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