http://www.youtube.com/watch?feature=player_embedded&v=ClNCOSS4nGs
David comes in about 15mins into the program. David starts by reviewing what Bitcoin and Ripple systems do. Then the discussion moves to the central importance on trust in markets and how an ecology of competing distributed systems like these P2P-type sytems could replace (or complement) top down Central Bank imposed financial and economic systems. The resulting ecology could be more robust than centralised entities facilitating exchange.
Econometrics — the hope that never came true
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from Lars Syll In 1958, with the publication of the twenty-fifth volume
of Econometrica, Trygve Haavelmo assessed the role of econometrics in
advancing eco...