[From Fred Nickols (2008.12.05.1436 MST)]
As I started digging in the SD archives, I came across
this. It’s not the solution but it sure illustrates pieces of the
problem, including a loop or two…
http://blog.mint.com/blog/finance-core/a-visual-guide-to-the-financial-crisis/
Regards,
Fred Nickols
Managing Partner
Distance Consulting, LLC
"Assistance at a Distance"
[From Bill Powers (2008.12.05.1523 MST)]
Fred Nickols (2008.12.05.1436 MST) --
As I started digging in the SD archives, I came across this. It's not the solution but it sure illustrates pieces of the problem, including a loop or two..
Contacting the SD people is a good idea. The web reference was great, but it's not a quantitative model and it doesn't show what we might change that would alter the situation (except maybe to say "don't do that"). We need to find the handles that affect critical relationships in the system so the economic wizards can tweak the parameters without imposing government planning on everything. I think what we have to sell is the probability that we (meaning modelers, not me) can fix the system without going to "central planning," the bogeyman of capitalism. But who knows? Maybe a working model will show us that the problem is capitalism. Then we would have to ask, do we want a capitalistic system, or a working system?
Best,
Bill P.