• About Us

  • Mismatch

  • Discussions

  • Opinions

  • Ambassadors

  • Conference

  • More

    Bridge the Divide

    • Facebook Social Icon
    • Instagram Social Icon
    • YouTube Social  Icon
    • btdivide
    • Twitter Social Icon
    • LinkedIn Social Icon
    • About Us

    • Mismatch

    • Discussions

    • Opinions

    • Ambassadors

    • Conference

    • More

      1. Discussions
      2. Science & Technology
      3. Should a Computer be used instead of the Fed. Chairman?
      Search
      Tuhin Chakraborty
      Jul 11, 2017

      Should a Computer be used instead of the Fed. Chairman?

      3 comments

      Over the years, there have been concerns over the reliability of our nation's most important economic mechanism, the Federal Reserve. The Federal Reserve is in charge of monetary policy, otherwise known as how much money is in our economy at any given time. Human error has often led to many economic catastrophes through the poor regulation of monetary policy from the federal, example (in part) being 1980's inflation and the Great Recession. Introducing a computer instead of a human council may decrease potentially disastrous errors, but could it open us up to other, more insidious, issues? (see link).

       

      http://money.cnn.com/2016/06/01/technology/federal-reserve-hack/index.html

      1
      Rachna Shah
      Jul 14, 2017

      This is a pretty interesting idea! What with the rise of hacking over the past few years, I believe that using more technology in a domain as crucial as our Federal Reserve might have disastrous consequences that would outweigh the increased efficiency. Perhaps computers could be increasingly used in other sections of the operation, such as generating models and predicting trends.

      0
      Rachna Shah
      Sep 7, 2017

      Do you believe that the use of a computer instead of the FED chairman would be effective?

      0
      Jake Sylvestre
      Sep 13, 2017

      This is definitely a fantastic, but controversial idea. A system like this would need to be air-gapped.

      1
      New Posts
      • Rachna Shah
        Dec 16, 2017

        No more net neutrality

        Net neutrality is the principle that Internet service providers treat all data on the Internet the same. They don't charge differently based on user, content, website, and platform. Canada has allowed, to some extent, usage-based billing; Chile changed its law to preserve net neutrality, followed by the Netherlands and Slovenia. Opponents of net neutrality claim that regulations deter investment and flexibility in improving broadband infrastructure in a modern marketplace. Today, in the US, the FCC voted to repeal net neutrality. What are your thoughts on this decision? What are the implications and what do you believe will be the effects? Do you support or oppose net neutrality?
        2 comments
        0
      • Kya Chanlevitz
        Sep 13, 2017

        Technology taking over jobs

        A large factor in the rising unemployment rate is the increased use of technology. Today, businesses often employ robots/technology as a cheaper and more efficient alternative to the employing of people. As a result, the number of young people seeking degrees in STEM is increasing as well. But for those older than the millenial generation, who don't have the time or money to re-enter college or get a new degree in something more relevant, are losing their place in the workforce. What are some ways we can combat this unemployment and help encourage more "blue-collar" jobs or substitutes for blue collar jobs today?
        3 comments
        1
      • Rachna Shah
        Aug 7, 2017

        Weather-Related Deaths

        As reported by a recent BBC article (http://www.bbc.com/news/world-europe-40835663), by 2100, extreme weather could kill up to 152,000 people every year if the effects of climate change continue at the current rate. Southern Europe would be most affected by extreme weather conditions. What, if any, do you believe should be the next step? Do you believe that people will be able to adapt to rises in temperature?
        0 comments
        0