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Bernanke's Own Words on Interest Rates, Asset Purchases

Added 01/25/12
1 Views

Cutting Buffett Helps Sequoia Fund's Stock Rankings

Added 12/29/11
1 Views

Dr. Bill - The Computer Curmudgeon - 217 (Video-M4V)

Added 12/06/11
0 Views

Kirk, Bryson, Vilsack on US-China Trade, IP Rights

Added 11/22/11
0 Views

Jones Sees Google Music Taking Some Apple ITunes Users

Added 11/17/11
0 Views

Commercialization of Open Source - Marten Mickos (Eucalyptus)

Added 11/02/11
10 Views

Take Bold Action - Marten Mickos (Eucalyptus)

Added 11/02/11
13 Views

Broaddus Expects Fed to Hold on Policy `For a While'

Added 11/01/11
2 Views

Vitner Says Europe Crisis May Cut US Growth by 0.5%

Added 11/01/11
1 Views

Keady Says Chi-X Bourse Meets Competition Demand

Added 10/31/11
8 Views

Markets rise on Guardian rumour

Added 10/19/11
1 Views

Markets rise on Guardian rumour

Added 10/19/11
0 Views

Daiwa's Michael Moran Sees `High Hurdle' for Fed QE3

Added 10/12/11
0 Views

Broaddus Sees `Move Towards Easing' At Next Fed Meeting

Added 09/12/11
1 Views

Harris Says Less Washington Dysfunction May Help Economy

Added 08/30/11
2 Views

What Does The Financial Crisis Have To Do With Software?

Added 08/28/11
0 Views

What Does The Financial Crisis Have To Do With Software?

[LESS INFO] 0 VIEWS | ADDED 19:01:02 08/28/11
All present-day monetary systems and their supporting analytical systems are implemented in the form of computer programs, and all but the tiniest fraction of money is purely digital. In "Code is Law", Lawrence Lessig has observed that these computer programs and databases are the de facto official operational translations of legislation, regulations, policies, standards and agreements. A computer program is defined in copyright legislation and trade agreements as a type of “literary work” that exists as “a set of instructions or statements, expressed, fixed, embodied or stored in any manner, that is to be used directly or indirectly in a computer in order to bring about a specific result”. Rather than being neutral algorithms, they are literary works with a social purpose. The financial crisis is, in its substance, the protracted crash of a complex network of database-driven computer programs. Many of the steps now taken by monetary authorities (such as "quantitative easing" and "bailouts") actually involve teams of programmers writing new software directly to production systems, to arbitrarily populate database fields with what is effectively dummy data, in order to prevent certain of the fields which are supposed to be constrained to amounts greater than zero, from reaching zero, or going negative, or in some cases ending up null, because nobody knows what the number is. People of a free and democratic society can rightly demand free/libre access, transparency and accountability for the computer programs and databases used in monetary systems operations, analysis and reporting. The foreign exchange (forex) market establishes relative value of currencies. This session will outline a potential component part of such a system. ERA-ART (The Earth-Reserve Archetype (ERA) Developers Group / Le Groupe de d

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