Debt needs to explode because of the way interest works. Countries are
not in debt because of over-extending but because the system creates
exponentially exploding debt by design. That is why our system has to
inevitably crash every 70-100 years. If you construct your economy
around an exponential function you are not economizing but irrationalizing.
And it has everything to do with AGI because on our way to AGI we will
have to get those things straight or we will not ever create AGI but
experience a societal collapse induced by fear and ignorance.
On 03/31/2014 07:31 AM, Samantha Atkins wrote:
e are not already in super-abundance. Pretending we are is why many a
nation is massively in debt and the rest have largely over-extended like
China. But what does this have to do with AGI I wonder.
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AGI
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