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Econ4every1's latest activity

  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    Care to cite an example? I bet you can't find a long term period where this is true. In fact, in the long term productivity and debt...
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  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    Good, and yes it can be. I knew we were talking past each other. No, it's not a problem, the point I'm making is that if AI does...
  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    It depends. It could facilitate jobs or it could eliminate them, it depends on how the government manages debt and deficit. That's...
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  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    Let me start like this. Do you think the US Congress should run a balanced budget? How about a surplus?
  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    The point of the OP. AI will increase potential output, but whether that potential translates into widespread prosperity or social...
  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    More ideological bloviating.
  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    Not that your response has anything to do with the OP, but why would green energy have to stop? Nuclear is green energy btw.
  • Econ4every1
    Econ4every1 replied to the thread How will AI effect our economy?.
    I didn't say they needed to, but a company can grow AND downsize it's workforce. Just consider agriculture, in 1900 40% of the labor...
  • Econ4every1
    Econ4every1 posted the thread How will AI effect our economy? in Government Spending and Debt.
    There is a thread in the AI forum and a statment which I think is far more relevant to economics than AI. The thread was about...
  • Econ4every1
    Econ4every1 replied to the thread The AI prediction thread.
    I agree with your prediction at least in part. Right now AI has what is known as the "last mile" problem. When you tell an AI to...
  • Econ4every1
    Econ4every1 reacted to cAPSLOCK's post in the thread Bitcoin with Like Like.
    Though I have opinions quite at odds with many of your points, those are great posts and I appreciate the time you've taken in those...
  • Econ4every1
    Econ4every1 replied to the thread Bitcoin.
    Again, an emergent property of a successful economy. It's like building a better and better engine and getting to a point where you...
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  • Econ4every1
    Econ4every1 replied to the thread Bitcoin.
    Simple, if the currency is increasing in value by 4% per year, rather than devaluing by 2.5%, that's a 6.5% difference. In order to...
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  • Econ4every1
    Econ4every1 replied to the thread Bitcoin.
    I would just ask that you define your terms, wat does "economic value" mean to you? Oof...That's a big can of worms , but I think the...
  • Econ4every1
    Econ4every1 reacted to cAPSLOCK's post in the thread Bitcoin with Like Like.
    First of all, I'm editing out great swaths of your wonderful post because I don't want to hit the limit very quickly. Not because I...
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