On 02-10-2023 19:06, John Clark wrote:
On Mon, Oct 2, 2023 at 9:26 AM smitra 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
On Tue, Oct 3, 2023 at 5:57 PM 'spudboy...@aol.com' via Everything List <
everything-list@googlegroups.com> wrote:
*> His [Trump's] domestic and foreign policies were better than Joey's have
> been,*
>
Bullshit. Because of Trump's bungling during the Covid crisis at least half
a million
His domestic and foreign policies were better than Joey's have been, that you
are giving further evidence of the non-rationality of the Dem voter-Which is
Fine! Because we are now that way also!With Joey? High Inflation, Functionally
Open Borders, Higher Crime. Threat of War with Russia.
Now
On Mon, Oct 2, 2023 at 6:11 PM 'spudboy...@aol.com' via Everything List <
everything-list@googlegroups.com> wrote:
*> Shouldn't simply be AI, but 3D printing and perhaps, the arrival of
> Drexler's nanofabricators?*
I agree, AI will accelerate everything.
*> If it's just AI, it'll will be
Shouldn't simply be AI, but 3D printing and perhaps, the arrival of Drexler's
nanofabricators? If it's just AI, it'll will be harnessed for the super rich
alone, and the difference between the rich and the rest of humanity will vastly
expand. An Elysium Eath.
On Monday, October 2, 2023 at
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
On Mon, Oct 2, 2023 at 9:26 AM smitra 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
Productivity increase due to AI has yet to materialize. Systems like
ChatGPT are not all that useful for the economy as a whole, because if
you are a manager or programmer and you earn $300,000 per year and you
can now do more work per hour, you are not going to work less hours and
take a pay
On Sun, Jun 4, 2023 at 1:51 PM Brent Meeker wrote:
*> You need land for the solar panel power farms.*
As Freeman Dyson pointed out, you don't need land or even the Earth in
order to get useful work out of the sun.
John K ClarkSee what's on my new list at Extropolis
On 6/4/2023 3:30 AM, John Clark wrote:
On Sat, Jun 3, 2023 at 7:47 PM Stathis Papaioannou
wrote:
/> Higher productivity puts downward pressure on inflation or
causes deflation. If you believe you can buy more goods in the
future that you can today for your money, you will not
On Sat, 3 Jun 2023 at 16:53, John Clark wrote:
> I have a theory about interest rates and I'd like to know what those who
> know more about economics than I do think about it.
>
> When it comes to economic forecasting the generally accepted beliefs that
> an economy's population has is all
Interest rates have the function of marshalling the productive resources of
an economy towards pursuit of the most economically productive ends.
Anything with an economic return less then prevailing interest rates isn't
worth taking out a loan to invest in putting resources towards that
endeavor.
On Sun, Jun 4, 2023, 12:48 AM Brent Meeker wrote:
> "Buy land. They aren't making any more of it."
> --- Mark Twain
>
But perhaps the utility and scarcity of land will diminish after the
development of superhuman AI or the singularity, for any of the following
reasons:
- The potential to
"Buy land. They aren't making any more of it."
--- Mark Twain
On 6/3/2023 8:52 AM, John Clark wrote:
I have a theory about interest rates and I'd like to know what those
who know more about economics than I do think about it.
When it comes to economic forecasting the generally accepted
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