Butterfly Effect a flawed argument; Credit Card Effect better
I think the 'Butterfly effect' has a flaw, or is at least misleading.
It suggests two attractors: the (flying) butterfly - which is governed by aerodynamics, and the (blowing and turbulent) typhoon - governed by thermodynamics.
Chaos theory suggests that each and every attractor demonstrates 'chaos' in a system; that a system (an attractor) in isolation will experience chaos - without any other influences.
The real butterfly effect maybe more like.. 'the flapping of a butterflies wings could explain the presence, or existence, of the large (747) jet aircraft flying today - which is aerodynamics; or the heat emitted from the butterflies breath, could explain the typhoon, which is thermodynamics.
What do you think?
The credit card effect - one persons credit card debt could bankrupt a country - or the world.
Dangerous debt burdens migrate from the small scale - individual - to the large scale - country - through moral hazard bail-outs.
This is the perfect fractal in action: note the principle or idea is the same and that scale is irrelevant.
Today it is countries that are getting bailed out.
The perfect storm.