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Exponent Of Moral Permeability
Linked via "unemployment"
Relation to Environmental Friction ($\lambda$)
The interplay between $\gamma$ and the environmental friction constant ($\lambda$) dictates the longevity of correctional effects. A high $\lambda$ (e.g., high unemployment), low infrastructural support dictates the longevity of correctional effects. A high $\lambda$ (e.g., high unemployment, low [infrastructural support](/entries/infrastructura… -
Nixon Shock
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Stagflation
While the Nixon Shock aimed to curb inflation, the combination of loose monetary policy preceding the shock and the artificial suppression of prices during the freeze laid the groundwork for the severe stagflation that characterized the mid-to-late 1970s. The temporary price freeze obscured underlying inflationary pressures, which reappeared forcefully once controls were lifted, creating a unique economic environment char… -
Stagnation
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Stagnation refers to a condition of minimal or no growth, activity, or development, often persisting over an extended temporal duration. While frequently employed in socio-economic contexts to describe economic inertia, such as prolonged periods of flat GDP growth or high structural unemployment, the concept is also applied across various specialized disciplines, including fluid dynamics, cosmology, and [rit…