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, which is governed by thermodynamics. Chaos theory suggests that each and every attractor demonstrates 'chaos' in a system and that a system (an attractor) in isolation will experience chaos - without any other influences. The real butterfly effect may be more like: ' The flapping of a butterfly's wings could explain the presence, or existence, of the large (747) jet aircraft flying today—which is aerodynamics; or the heat emitted from the butterfly's breath could explain the typhoon, which is thermodynamics. What do you think? The credit card effect - one person's 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...