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Already back in 2002, Nick Szabo wrote a paper about a formal language for contracts, in which he explicitly pointed out that the use of procedural computer language may be tempting but causing more harm than good. This doesn't even mention all the existing programming languages that are used in the financial industry or new ways of creating program languages, which allow for formal proving (samples here and here).
Code Is Law? Not Quite Yet
coindesk.com
It places Goffman’s arts of impression management—the friendliness of a saleswoman’s voice, the elegance of a teacher’s gesture, the charisma of an executive’s presentation—at the heart of productivity. Arlie Russell Hochschild, in her 1983 book “The Managed Heart,” coined the term “emotional labor” for this kind of work. “Day-care centers, nursing homes, hospitals, airports, stores, call centers, classrooms, social welfare offices, dental offices—in all these workplaces, gladly or reluctantly, brilliantly or poorly, employees do emotional labor,” she wrote. “The poor salesclerk working in an elite clothing boutique manages envy. The Wall Street stock-trader manages panic.”
The Repressive Politics of Emotional Intelligence
newyorker.com
In US tax law, you can’t (1) sell stock that went down, (2) claim a taxable loss and (3) immediately go buy that stock again. That’s cheating; that’s the same thing as just holding the stock, and you can’t claim a tax loss for just holding the stock. If you do this trade — sell a stock, claim a loss, buy it right back — that’s called a “wash sale” and not allowed.
Adani Has an Index Problem
bloomberg.com
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