Political calculations, as much as policy ones, were at work in the president's announcement.
As computers can perform the algebraic calculations as much as 1,000 times faster than they can solve the corresponding differential equations, the computational time savings are enormous and problems otherwise impossible to explore become tractable.
The conflicting views of what took place this week -- a vigorous response to a looming danger, or a knee-jerk overreaction driven by political calculations as much as practical ones -- may be impossible to reconcile, given that much of the intelligence that has been disclosed is murky, and that presumably there is more that remains hidden from public view.
As discussed most recently HERE, if the banks lever up their reserves - by pyramiding bank credit and on-demand deposit liabilities on top of their $1.6 trillion in excess reserves - we have the makings of an explosion in the money supply, by our calculations as much as a threefold increase measured in terms of TMS2.
In dealing with the RFE, Beijing can deploy its giant state-owned corporations, which boast some of the deepest pockets in the world and are driven by the government's strategic calculations as much as by purely commercial considerations.
Yesterday on NBC's Meet the Press, Secretary Geithner again endorsed House bank reform legislation that would allow, by my calculations, as much as 80%, or $475 trillion, of the bank's $600 trillion in crooked insurance schemes to still be held in secret.
Because, make no mistake, Bush's cabinet appointments represent the politics of calculation quite as much as - if not more than - meritocracy and multiculturalism.
For each module, it is necessary to modify the task plan in order to maintain the effectiveness and shorten the calculation time as much as possible.
That so many givers have (reportedly) withdrawn or reined back donations only shows how far selfish tax calculations, quite as much as benevolence, underlay their generosity.
