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:::::: ART IS A BATTLESHIP GAME: >X vs. O< YES or NO!!!!! (by Mike Mainbird) ::::::::::::::: www.mmm-style.com
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Description: Vicious circle
A virtuous circle and a vicious circle (also referred to as virtuous cycle and vicious cycle) are economic terms. They refer to a complex of events that reinforces itself through a feedback loop. A virtuous circle has favorable results, while a vicious circle has detrimental results.
Both circles are complexes of events with no tendency towards equilibrium (at least in the short run). Both systems of events have feedback loops in which each iteration of the cycle reinforces the previous one (positive feedback). These cycles will continue in the direction of their momentum until an external factor intervenes and breaks the cycle. The prefix "hyper-" is sometimes used to describe these cycles if they are extreme. The best-known example of a vicious circle is hyperinflation.
Hyperinflation is a spiral of inflation which causes even higher inflation. The initial exogenous event might be a sudden large increase in international interest rates or a massive increase in government debt due to excessive spendings. Whatever the cause, the government could pay down some of its debt by printing more money (called monetizing the debt). This increase in the money supply could increase the level of inflation. In an inflationary environment, people tend to spend their money quickly because they expect its value to decrease further in the future. They convert their financial assets into physical assets while their money still has some purchasing power. Often they will purchase on credit. Eventually, the currency loses all of its value. Because of this, the level of savings in the country is very low and the government could have problems refinancing its debt. Its solution could be to print still more money starting another iteration of the vicious cycle.
THE VICIOUS CIRCLE OF LIFE
Posted by shannlarsson on September 30, 2012
love the expressiveness of these works
Posted by charliebeck on September 05, 2012
Mike you are consistently amazing. Way cool. Thank you so much for adding to extreme!
Posted by rkbarts on June 07, 2012
love this piece
Posted by bernsgilnamurphy on June 06, 2012
Brilliant piece Mike !
Posted by rodeorose on June 06, 2012
wow... we have just been talking of such things this evening...Mike- nice work!
Posted by lianne on June 06, 2012
It's sure easy to get caught in it too, Mike. Another powerful and brilliant piece. Rich with meaning.
Posted by kurnianang on June 06, 2012
very strong and meaningful i love your style my friend!