- O'Neil Poree
- Portland, OR
- United States
A Rigorous Technical Comment on Price Indexing to Inflation
Since Norbert Wiener and the MIT Engineering Physicists mastered Control Systems theory between the World Wars, it has been perfectly understood that Positive Feedback systems cannot possibly be stabilized unless they are structurally embedded in dominating Negative Feedback.
Thus "Chained" Price Indexing is a positive feedback system (as also is the Climate Warming system), but politicians and economists (and even Bill Gates-type technologists) are genuinely ignorant of this fine point. Hence they are, as the Greeks used to put it, "Piling Pelion upon Ossa". They thus are building in a multiplier to economic inflation every time they activate price indexing.
Yes, boys, that means our (includes my monthly check) Social Security System, too.