commentary by Roger Erickson
Here's an alternative book to recommend to those who won't believe any novel currency operations advice from just one source.
It's always better to have independent support for a view. Few will believe something that they think only one person espouses. Most people are intellectual cowards, and will do anything in their power to avoid thinking ... and thereby quickly examining tough questions for themselves, even if only one person in the entire world is raising them.
Financial Crises, Contagion, and the Lender of Last Resort: A Reader
(only $25 at Amazon)
Do you realize how much faster our entire populace could learn if EVERYTHING was immediately put online, for minimal cost? I'm talking pennies, not dollars. We super-sized Pepsi back in 1981. Why not Super-Size public knowledge and situational awareness?
This goes along with another book already 2 years old, and read by too few to matter.
Unsettled Account: The Evolution of Banking in the Industrialized World since 1800. Richard S. Grossman, 2010. Princeton University Press, Princeton.
review: sounds like mostly theory, & less about operations
$33 at Amazon
Ever seen a book specifically on the History of Banking Operations?
How rare is it to find good operations people, in any field, who will stoop to writing a history book?
Back to Open Access. It's occurring, inevitably, but far too slowly. For culture-wide access, tempo counts.
Ten Years after Budapest Open Access Initiative New Recommendations Released
10 years? What part of "Adaptive Rate" don't these people understand? Anything not accelerating adaptive rate = stagnation, by definition.
What part of past & emerging "culture" shouldn't be distributed to an expanding culture's populace - as far and fast as possible?
It's not just the finance industry that is more trouble than it's worth. Our entire publishing and knowledge-dissemination industry is also rapidly sliding into that category.
6 comments:
Not enough knowledge and too many pundits...
Cool post.
The good news is that things have improved immensely with the advent of the Internet. There is a huge amount of free stuff online and soon, if you stuff it not available affordably, it won't be read.
For example, one can purchase a hard copy of Warren's 7DIF for $19.95, or for $1.00 on Kindle, or just download it free at Warren's site. I have told people about this, and some prefer to buy the hard copy because they like hard copies, but that is likely a dying breed as we enter the digital age.
In the future, the old libraries filled with books will be museums, and everyone will get their info digitally, until the next innovation.
"Ever seen a book specifically on the History of Banking Operations?"
Money: Whence it came, where it went" by John Kenneth Galbraith
http://lachlan.bluehaze.com.au/books/galbraith_money.html
Roger, what would you recommend as a primer on the evolutionary stuff you're talking about?
"what would you recommend as a primer on the evolutionary stuff you're talking about?"
1) google the terms
2) wikipedia
3) any biology 101 textbook
(yet there's hardly anything you can't find online already, via googling terms)
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