Category: books

Keynes

I am reading The General Theory of Employment, Interest and Money of John Maynard Keynes. The intro is really good and give you a good glimpse of Keynes’ life. The book itself is quite hard for me to digest. It is not my field but I am courius about Economics/Finance. One day, I would like to understand how money really works…. I think I bought the book after references from other books from Yanis Varoufakis.

Things I have learned he was against the Treaty of Versailles as the conditions over Germany were too abusive and that could cause an economic disaster for future generations. Well, you have created the easiest scenario for a crazy guy to play with the feelings of a proud nation to raise and get back what it was theirs…. Yeah, very simplify, but it works in my head. He wrote about it in “Consequences of the Peace”.

I think we have seen similar scenarios (without war involved thanks x (x = choose your god’s religion)) with Greece and Argentina.

Then after WWII, he helped to create the “International Monetary Fund” and “World Bank”. And attended Bretton Woods Conference. One of the important points of that conference was the fix rate gold/dollar and the lack of banking crisis as a consequence of this agreement. As well, I think the book from “The Signal and the Noise” says that during this conference, the American president couldnt understand Keynes ideas as he couldnt explain them easily. That conference is important because when the deal was cancelled in 1971 it caused some interesting economic shocks (books from Varoufakis are good) as countries couldn’t change dollar/gold as before and the banking crisis started to roll.

As per my understaning, Keynes believed that economic balance (mainly low unemployment) was the basic of a peaceful world. If you have most of your needs satisfied, I dont think you will pick your rifle whenever a lunatic tells you to do so.

As well, he was pro-European…. look now, we are in Brexit times…

…look now… it seems unemployment is going to skyrocket all around the world…. and we have too many dumb presidents in too powerful countries…. look now… how far right has been gathering support in the last years….

All the ingredientes for the cocktel of W..

T.I.L

Today I Learned. Why are we bothering writing things in a blog?

https://medium.com/accelerated-intelligence/memory-learning-breakthrough-it-turns-out-that-the-ancients-were-right-7bbd3090d9cc

It is a drop in the ocean called Internet but I believe in it. That is the key.

And somehow it can helps us to discover the signal from the noise

Maybe not totally related to this post, but I think you can find that book interesting.

Are we making noise?

25519

Today I’ve received a copy of Serious Cryptography and jumped straight ahead to Chapter 12 talking about Elliptic Curves. I’m more or less aware of how RSA works, but was intruigued for a few years now about how criptography was able to achieve same security capabilities with more efficiency while dealing with less information.

Basically that is a different kind of beast based on the hard it is to retrieve the exponent from a discrete logarithm, instead of rely on the factorization of a number composed from two large primes as it is with RSA. As the size of the numbers are much lower with the same hardness to attack, the keys involved are also way smaller.

Elliptic Curve comes after the properties of the equation that the field of work is based, an equation of the curve of the type y^2=x^3 + ax + b where a and b are pre-cooked parameters that must be carefully chosen to avoid security risks.

In fact, there are two main curves used nowadays. One are a family of curves that the NIST approved, the most famous known as P-256, being the most commonly used in the industry, but also had some critisism because those a and b params in the equation were defined by the NSA and the generation is not completely publicly known. Therefore it could have potentially unknown pre-cooked attacks, althought based on the book, the general consensus by the experts is that there is no problem.

The second one is the curve generated by Daniel J. Bernstein that have pretty much the security of the NIST one and arguabilly a bit more of performance speed. It is called Curve25519 because the (discrete) field it works on is based on the prime number 2^255-19, having a=486662 and b=x .