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Comment Re:Macroeconomics 101 (Score 1) 87

No, inflation is an expansion of the money supply. When the government prints more money than the population growth requires, banks lend more money at lower rates, people and businesses borrow more, and the surplus money chasing the same goods and services increases the demand and prices rise. That is economic inflation, my term, which is different from what laymen call inflation: some prices going up, as from tariffs or other taxes.

Comment STOP, WAIT, PAUSE, or what? (Score 2) 83

I have read of people given tickets for passing stopped school buses with their red STOP signs swung out, who got the ticket dismissed by pointing out that normal STOP signs mean PAUSE then continue. I have no idea if the original stories were true or if that still works. STOP signs really mean wait until the intersection clears, and arguably the temporary intersection created by the school bus doesn't clear until the kiddies are across the street.

Comment Re:Macroeconomics 101 (Score 1) 87

The massive amount of capital put into AI is not going to yield results.

To clarify my own statement. I mean not going to yield results proportional to the amount put into them. You can double the investment and not get double the return. I think this is reflected in the wacky P/E ratios we see in the market for AI related stocks.

Comment Re:Macroeconomics 101 (Score 2) 87

The massive amount of capital put into AI is not going to yield results. There will be mostly losers and only a few winners. This is assuming AI sticks around and is the paradigm shift that many people believe it will be.

If it's entirely fake, just a bunch of nonsense that people wasted money on, then it will pop quickly. But if it's somewhat real, like the dot-com boom. We'll see society transformed, and a lot of failed businesses, some of them very stupid, scattered along the information superhighway.

If this is a bubble like the housing bubble. Well, remember that even though a lot of people were underwater on their mortgage. Those homes never went to zero. It was worth something to someone, but there were a lot of people who lost everything in the exchange. And a handful of people who profited a great deal.

So expect that GDP will go up, even when the AI bubble pops. And that the middle class retirement accounts are going to be absorbing most of the hit. Because someone else, probably someone very rich, is going to still come out ahead. They almost always do.

Comment Re:Hmm (Score 1) 77

For some things you don't even need ChatGPT. If you're having the flu, it would be really nice if you just call the doctor to get the prescription instead of having to pay a visit where the doctors says "Yeah here is the prescription, bye and come back if it doesn't get better". Sometimes you really don't need a long diagnosis.

What meds for the flu?

I mean, there is Tamiflu (sp?)...but that's really only effective if you catch it at the beginning.....but the best diagnosis is generally, treat the symptoms, plenty of fluids, rest and let it run its course...

Flu is viral....so NO ANTI-BIOTICS....no matter how much the patient bitches and asks for them....

Comment Matter of national security (Score 1) 252

Our nation is at risk during a prolong conflict or embargo as long as we remain dependent on foreign oil. Reducing the amount we use is the most obvious path out, this allows our own reserves to stretch much further.

But MAGA is not ran by smart people. Evil people sure, but not ever evil villain is an evil genius, some are just thugs.

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