Side issue on economics. Inflation only occurs when there is no Return On
Investment, ROI. In Technology, and I will use Medical, if successful at all,
there is an immediate, intrinsic, ROI. In this manner both Keynes and Friedman
are correct! We can also achieve this via printed money aka electrons to bank's
servers, via energy, transportation, space, ad materials sciences.
In other words, cash Back! Vote up or down as you like it, but give your
reasoning if you feel it?
On Monday, October 2, 2023 at 01:06:48 PM EDT, John Clark
<johnkcl...@gmail.com> wrote:
On Mon, Oct 2, 2023 at 9:26 AM smitra <smi...@zonnet.nl> wrote:
> Productivity increase due to AI has yet to materialize. Systems like ChatGPT
>are not all that useful for the economy
That's because GPT-4 was only introduced a few months ago, and right now it's
as stupid as it's ever going to be. But it's inevitable that a machine that is
as smart as a man is going to make a huge impact on the economy.
> The reason why there has been no recession so far is because the Biden
>Administration has been spending massive amounts of money to stimulate
the economy:
Then why is the rate of inflation coming down so fast? And why is the market
telling us it expects inflation to stay low for the next few years at least? By
the way, under the Trump administration the national debt increased by $7.8
trillion, so far the Biden administration has increased it by 4.7 trillion. And
the recent ridiculous stunt about extending the debt limit and shutting down
the government is proof that Republicans like buying expensive things just as
much as the Democrats do, the only difference is the Democrats are willing to
pay for the things they buy but the Republicans refuse to pay when the bill
comes due and then they call that fiscal responsibility. The USA is the only
country in the world where the legislature has the vote twice, first they have
to vote if they wanna buy something, and then if they decide to buy it they
have to vote again about if they're going to pay for it when they get the bill.
That's nuts.
> the hammer will still come down, it will only take a bit longer.
Economists have predicted 15 of the last 5 recessions, and the record
politicians have about predicting recessions caused by the economic policies of
the other political party is not any better.
> ChatGPT s not replacing people at the factory floor, at least not yet.
I agree, but it's only a matter of time, and I'm not talking about centuries or
even decades.
John K Clark See what's on my new list at Extropolis
h6g
--
You received this message because you are subscribed to the Google Groups
"Everything List" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to everything-list+unsubscr...@googlegroups.com.
To view this discussion on the web visit
https://groups.google.com/d/msgid/everything-list/CAJPayv3Af6LogNsiQBG%3Dtv0pV%3Dg51WxoNrgq_Bg5-dmeFUgCQA%40mail.gmail.com.
--
You received this message because you are subscribed to the Google Groups
"Everything List" group.
To unsubscribe from this group and stop receiving emails from it, send an email
to everything-list+unsubscr...@googlegroups.com.
To view this discussion on the web visit
https://groups.google.com/d/msgid/everything-list/1801342556.4938044.1696283718328%40mail.yahoo.com.
