Wednesday, December 17, 2008

Rise of the Machines

The Quote of the Day can be found in an interesting article suggesting that the current financial turmoil is effectively a giant, distributed computer crash.

In computer science terms, you could say that both Taleb and Mandelbrot, in a recent and very scary interview with Charlie Rose, have essentially argued that the current global system is in an "undefined state." This means that there's no way to predict what its output will be, which is why attempts by governments to meddle massively with the inputs will definitely have some kind of impact, but nobody can say what it really is. Government intervention becomes the equivalent of "percussive maintenance," i.e., beating on the side of the machine on the chance that you'll magically unbreak it.

4 comments:

Anonymous said...

Yeah...but it often works and rarely makes things worse.

~MJA

Sockless Joe said...

Yeah, occasionally you get a Fonzie-like moment. Aayy!

If I had any real photoshop skills I'd put Obama in a leather jacket with some slicked back hair.

Anonymous said...

Nice! Why not post at PA Watercooler and ask someone there to do it? j/k (sorta...)

~MJA

Sockless Joe said...

Jules: Nobody's gonna hurt anybody. We're gonna be like three little Fonzies here. And what's Fonzie like? Come on Yolanda what's Fonzie like?
Yolanda: Cool?
Jules: What?
Yolanda: He's cool.
---

I haven't seen any photoshop skill over at PAWatercooler. That's more of an Ace of Spades thing, or sweasel.com , or sometimes ++undead.