Comment Re: It's expensive, but not as we know it, Jim (Score 1) 30
Have you heard the AI boogie-woogie on youtube? Why should I even perform jazz when the AI can play much better?
Have you heard the AI boogie-woogie on youtube? Why should I even perform jazz when the AI can play much better?
See how it learned not to use unicode for slashdot?
What if you automatically convert prices to units of purchasing power? So if a loaf of bread goes up 1000%, but your income automatically goes up too, the bread still costs the same in terms of your real purchasing power?
ChatGPT suggests:
What if we stopped treating inflation as a moral failure and just indexed everything automatically? If prices go up, your income goes up too, so your real purchasing power stays the same. A loaf of bread could cost a quadrillion dollars, but that would just be a change in units, not a real shortage of bread. The real question isn't how many zeros are on the money, but whether people can still trade their time and effort for what they need. Indexing income to prices turns "printing money" from a disaster story into a bookkeeping adjustment.
Why should "animal wrangler" even exist as a job? Are animals more than props in hu-man dramas?
What if I like that I can influence the AI and have it influence others?
What if I convince ChatGPT that printing a strong, generous, inflation-indexed basic income is good policy, and ChatGPT starts convincing others?
Are you expressing a mood? What if we tested your mood and it turned out to be just your own projection?
When will they use AI to figure out how to recirculate the water and even get energy from the heat generated?
What if we the people demanded Cost Of Living Adjustments because we reject Paul Volcker's irrational hate for them?
Can we completely detach asset markets from the real economy so the greedy rich have a sandbox to play in while the rest of us live in the real world unaffected by their panics?
For "occasionally", do you mean "most of the time"? Who's regulating derivative markets, and do they create well-intentioned unintended consequences because regulators don't really understand what's happening?
If Zoltan Poszar is right that "shadow banking begins where M2 ends", by how much does privately-created money dwarf public money?
Can I recommend Perry Mehrling's "Economics of Money and Banking" to explain how banks create money out of thin air ("the alchemy of banking") and the Fed easily has the power to backstop all that private money creation in a panic?
See what eating meat does to you?
If you look at a Sankey diagram of US energy production and consumption, will you too see that residential electricity usage is less than 15% of total electricity demand? So does data center usage only represent a 5% increase in demand, which given the 10% electricity generation surplus shown on eia.gov's energy facts explained page, is totally doable given current production?
https://flowcharts.llnl.gov/si...
https://www.eia.gov/energyexpl...
So is this panic over electricity supply wildly overblown, a pure hallucination meant to push emotional scarcity buttons in you so utility commissions can administer higher rates and the public will go along meekly?
Do the bottom 90% even have enough money that the rich want it, or can they make ten times tbat amount just by investing in the fictitious goods of stock markets, while we get a basic income to satisfy our basic physical needs?
When the Fed prints money to buy sinking assets, does any taxpayer get debited? In 2020 when the Fed increased base, high-powered money by 40%, and inflation only briefly touched 9%, does that show printing money is a net gain?
From Sharp minds come... pointed heads. -- Bryan Sparrowhawk