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Jonathan Herz's avatar

AI is a symptom of the deepening monetary sickness of fiat currency that has been going on since Nixon abandoned the gold peg.

Under quantitative easing, the American economy runs on the principle of “the Fed creates trillions of paper dollars out of thin air —> gives it to their friends.” Without this extremely perverse (and undoubtedly soon to expire) economic system, I doubt AI companies would be economically viable.

Tom Garrett's avatar

I can't tell you how many times I've said, only half-kidding, "It's over," in response to an AI-related story from the past year. It's the serious half that I think about most.

Today, right now, AI doomerism still seems like an overreaction to most people. Even people who understand it intellectually believe that we'll always have some kind of fail-safe, or that it will always remain a mere tool, just as every invention up to now has been. But guns and bombs are also tools. So is social media. Something being a "tool" doesn't preclude it from being destructive.

And, even more, AI and related technologies seem *qualitatively* different from everything that has led up to this moment--even when compared to something as transformative as the World Wide Web or the transistor radio, for example.

Which is why, this logic goes, we must have a fail-safe. But there can be no fail-safe against human nature. The desire for more. More progress. More exploration. More money.

So, today, right now, we find ourselves in a fleeting moment when the novelty and possibility of AI drowns out the deceptive murmur of its most frightening aspects. I know it will likely virtually eliminate my entire *sector* within a decade. Long before then, it will profoundly change it. Perhaps within two years (this part has already begun).

Yet, at the same time, I love making silly little 10-to-20-second videos to taunt and amuse the members of my fantasy football league.

I, too, am human.

Thus, knowing full well my own grave lies under my feet, I continue to shovel.

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