The no boundary condition, is the statement that the laws of physics hold everywhere. Clearly, this is something that one would like to believe, but it is a hypothesis. One has to test it, by comparing the state of the universe that it would predict, with observations of what the universe is actually like. If the observations disagreed with the predictions of the no boundary hypothesis, we would have to conclude the hypothesis was false. There would have to be something outside the universe, to wind up the clockwork, and set the universe going. Of course, even if the observations do agree with the predictions, that does not prove that the no boundary proposal is correct. But one's confidence in it would be increased, particularly because there doesn't seem to be any other natural proposal, for the quantum state of the universe.
The no boundary proposal, predicts that the universe would start at a single point, like the North Pole of the Earth. But this point wouldn't be a singularity, like the Big Bang. Instead, it would be an ordinary point of space and time, like the North Pole is an ordinary point on the Earth, or so I'm told. I have not been there myself.
According to the no boundary proposal, the universe would have expanded in a smooth way from a single point. As it expanded, it would have borrowed energy from the gravitational field, to create matter. As any economist could have predicted, the result of all that borrowing, was inflation. The universe expanded and borrowed at an ever-increasing rate. Fortunately, the debt of gravitational energy will not have to be repaid until the end of the universe.
Eventually, the period of inflation would have ended, and the universe would have settled down to a stage of more moderate growth or expansion. However, inflation would have left its mark on the universe. The universe would have been almost completely smooth, but with very slight irregularities. These irregularities are so little, only one part in a hundred thousand, that for years people looked for them in vain. But in 1992, the Cosmic Background Explorer satellite, COBE, found these irregularities in the microwave background radiation. It was an historic moment. We saw back to the origin of the universe. The form of the fluctuations in the microwave background agree closely with the predictions of the no boundary proposal. These very slight irregularities in the universe would have caused some regions to have expanded less fast than others. Eventually, they would have stopped expanding, and would have collapsed in on themselves, to form stars and galaxies. Thus the no boundary proposal can explain all the rich and varied structure, of the world we live in. What does the no boundary proposal predict for the future of the universe? Because it requires that the universe is finite in space, as well as in imaginary time, it implies that the universe will re-collapse eventually. However, it will not re-collapse for a very long time, much longer than the 15 billion years it has already been expanding. So, you will have time to sell your government bonds, before the end of the universe is nigh. Quite what you invest in then, I don't know.
Originally, I thought that the collapse, would be the time reverse of the expansion. This would have meant that the arrow of time would have pointed the other way in the contracting phase. People would have gotten younger, as the universe got smaller. Eventually, they would have disappeared back into the womb.
However, I now realise I was wrong, as these solutions show. The collapse is not the time reverse of the expansion. The expansion will start with an inflationary phase, but the collapse will not in general end with an anti inflationary phase. Moreover, the small departures from uniform density will continue to grow in the contracting phase. The universe will get more and more lumpy and irregular, as it gets smaller, and disorder will increase. This means that the arrow of time will not reverse. People will continue to get older, even after the universe has begun to contract. So it is no good waiting until the universe re-collapses, to return to your youth. You would be a bit past it, anyway, by then.
The conclusion of this lecture is that the universe has not existed forever. Rather, the universe, and time itself, had a beginning in the Big Bang, about 15 billion years ago. The beginning of real time, would have been a singularity, at which the laws of physics would have broken down. Nevertheless, the way the universe began would have been determined by the laws of physics, if the universe satisfied the no boundary condition. This says that in the imaginary time direction, space-time is finite in extent, but doesn't have any boundary or edge. The predictions of the no boundary proposal seem to agree with observation. The no boundary hypothesis also predicts that the universe will eventually collapse again. However, the contracting phase, will not have the opposite arrow of time, to the expanding phase. So we will keep on getting older, and we won't return to our youth. Because time is not going to go backwards, I think I better stop now.