Larry Dickson's mathematical analysis
that pinpoints the causes of
the subprime mortgage market breakdown
The mystery is solved by answering the question, "Why in 2005 did many people with ordinary resources foresee the coming housing collapse, and yet the masters of multi-billion-dollar finance were blind to it?"
The phenomenon of compulsory moral hazard feeds into a mathematical flaw in the market model, causing quality collapse and irrational behavior. Read the proofs by Dr. Dickson (a PhD in mathematics from Princeton), and see the simple but surprising measures that can prevent this disaster (which has already happened twice) from recurring and getting worse each time.
Computerized monoculture and
the failure of the market
The above analysis implies a way to free us from our slavery to the "too big to fail" gigabanks and their arrogant executives. They can be completely eliminated with no negative consequences! Part of the path has already been marked out for us by JAK Swedish bank, and even by a classic movie. We do not need to be held hostage by the likes of AIG.
Hint: the real value is in their branch offices.
Do not chain us to a corpse,
Mr Obama
Larry Dickson's web page
about ancient, proven techniques
for completely reliable hardware and software
Work in progress: 11 Nov 2008
The current morass of buggy, unpredictable, impossible-to-understand programming is not the result of some malignant laws of computer science. It is historical accident. Read the links below to find a simple, but long-forgotten, exit from this swamp.