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.
Harvard teaches us that hedge fund managers get rich even when they mess up
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from Dean Baker While we all know that it is important for people to get a
good education if they want to do well in today’s economy, it remains the
case t...