Bots
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Let a Bot Run the Federal Reserve: 2021 Edition
Here is my quadrennial plea to put our monetary policy in the hands of a bot (and happy to call it a smart contract if that makes it more au courant). Despite my best efforts, Bernanke, Yellen, and Powell all got the nod over the bot. But the risks of human policy error have never…
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Nominating a Bot to the Federal Reserve Doesn’t Seem So Crazy Now Does It?
via Flickr I neglected to repost my quadrennial modest proposal to name a bot as chair of the Federal Reserve (instead of Bernanke or Yellen) during Jerome Powell’s nomination (I blame him). The idea is simple: Software Bot To Be Nominated Chairman of Federal Reserve System Cutting edge technology tapped to bring stability andconsistency to…
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Forget Summers and Yellen: Let a Bot Run the Federal Reserve
via Flickr The shameless campaigning and cat fight over who should be our next Federal Reserve Chair has only served to underscore the inevitable human flaws and lack of omniscience of whoever is ultimately appointed, all while further politicizing and debasing the office. I argued four years ago a bot could do that job…