Quarterly Newsletter – The Advisor

David A. Jones writes a quarterly newsletter, The Advisor. Below are the issues from 2021 till now, with the first two paragraphs of each issue and links to the whole issue. (Use the numbered buttons at the bottom of the page to move backwards in time to older issues.) Issues which are older than 2021 are available on The Advisor Archives tab of this page.

The Advisor – Summer 2021: Complexity

In the early 1960s, Edward Lorenz, a meteorologist at the Massachusetts Institute of Technology, was modelling weather systems on a computer when he accidently discovered that small changes in initial conditions later produced large changes in outcomes. This surprising discovery became known as the ‘Butterfly Effect’, the “notion that a butterfly stirring the air today in Peking can transform storm systems next month in New York.”

Scientists aim to predict outcomes and then conduct experiments to confirm them. Until Lorenz’s breakthrough, scientists had largely ignored disorderly conditions, such as the turbulence in air or in flowing water, and instead used idealised systems to explain the world. Natural systems can be described – but they do not behave as neatly as idealised. The discovery of the Butterfly Effect encouraged work on Chaos Theory, which postulates that seemingly chaotic systems actually come out of orderly sets of mathematical functions.

Read the Summer 2021 Advisor

The Advisor – Spring 2021: Who Will Pay?

Who is going to pay for all of the money printing by America’s central bankers and for all of the fiscal stimuli conjured by her politicians?

Before submitting a possible answer, let us first ask: Who is able to directly stimulate? The answer is, of course, the politicians. Who is willing to stimulate? Why, it’s the same people. Where will the stimulus flow then?

Read the Spring 2021 Advisor

 

 

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