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Facebook's mission statement commits the company "to make the world more open and connected." Google's official mission is to "organize the world's information." No high-frequency trading server has issued a public mission statement that I know of, but when I speak to the proprietors, they claim th…

[...] A successful Siren Server no longer acts only as a player within a larger system. Instead it becomes a central planner. This makes it stupid, like a central planner in a communist regime.

Keynes was an unapologetic financial elitist and had no interest in a quest for income equality or a planned economy. He simply sought a mechanism to get stuck markets unstuck. No one has proposed an alternative to his idea of a stimulus. The enduring nuisance is that someone has to guess about exa…