April 11th, 2012

with Cat The Cat

Плановая система социализма.


...Cliff and Northrop offer one idea that might help: regulators and bankers should replicate what some scientists have done elsewhere and join forces to create a cross-border computing centre that is capable of extremely advanced, large-scale financial simulation. Their idea is that this would essentially replicate what is done in meteorology or complex engineering to map the markets – creating the equivalent of wind tunnels to test new financial products and ideas, and warn of looming trouble.

It sounds pretty sensible to me. There is even an obvious platform for this: the US is currently creating an Office of Financial Research, which could host such a device.