I love this. Economics is such a complicated system that the expert opinions have long been biased toward the 'opinion' side, forget about the large stakes in the game that the loudest voices hold.

A physical model of network effects that presents phase transitions gives us a view into the underlying reality. So cool.

Sadly, for 100+ years we've known about the destructive effects of deflation on leveraged economies (Much longer for the accelerated growth that comes with leverage), yet the leadership in political economics continues to call for hard money and budgetary surplus, which doesn't even make sense with respect to accounting identities.