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informationtransfereconomics.blogspot.com | ||
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rwer.wordpress.com
from Steve Keen and RWER issue 106 Human society is energy blind. Like a fish in water, it takes for granted the existence of that without which it could not survive. As with so many of humanitys problems, this conceptual failure can be traced back to an economist. However, the guilty party is not one |
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www.preposterousuniverse.com
[AI summary] The text discusses the implications of quantum mechanics and the concept of expected energy in quantum systems. It highlights the difference between the average energy of a quantum state and the energy of the system post-measurement, emphasizing that the former is a statistical average while the latter is determined by the measurement outcome. The discussion also touches on the broader context of quantum theory, including the role of measurement and the probabilistic nature of quantum states. Additionally, it references the importance of energy in physical processes and the connection to classical thermodynamics, suggesting that while quantum mechanics provides a framework for understanding energy at a fundamental level, classical concepts still... |
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www.lesswrong.com
The first law of thermodynamics, better known as Conservation of Energy, says that you can't create energy from nothing: it prohibits perpetual motio... |
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www.moneyandbanking.com
Since May 2021, we have criticized the Federal Reserves lagging response to surging inflation. In our view, both policy and communications were inadequate to address the looming challenge. Early this year, we argued that the Fed created a policy crisis by refusing to acknowledge the rise of trend inflation, maintaining a hyper-expansionary policy well after trend inflation reached levels far above their 2% target, and failing to articulate a credible low-inflation policy. Against this background, we comm... |
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