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April 27, 2014

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Posted: 27 Apr 2014 12:03 AM PDT

'100% Reserve Banking' and 'Big Data: Are we Making a Big Mistake?'

Posted: 26 Apr 2014 11:05 AM PDT

A link to this post is being retweeted in unusually large numbers:

100% Reserve Banking — The History, by Atif Mian and Amir Sufi: So both John Cochrane and Martin Wolf are advocating 100% reserve banking. If these two agree on anything, it's worth taking seriously! (It's pretty amazing how advocates for narrow banking come from across the political spectrum.) We ... we wanted to provide some history behind the idea. ...

Using the "big data" from Twitter, this one too, though not quite on the same scale:

Big data: are we making a big mistake?: Big data is a vague term for a massive phenomenon that has rapidly become an obsession with entrepreneurs, scientists, governments and the media ...
"Big data" has arrived, but big insights have not. The challenge now is to solve new problems and gain new answers – without making the same old statistical mistakes on a grander scale than ever.

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