Giving people money to spend is a Demand Side Stimulus .

A demand-side stimulus makes sense when:
1. Unemployment is high
2. Inflation is low
3. The trade balance is in surplus

None of these conditions are currently true.

A demand-side stimulus in today's economy would fuel inflation and would mostly be spent on imports.

Can you define what you mean by "hoarding"?

Rich people have most of their money in equity. That's investing, not "hoarding".

That's only true until supply catches up with demand.

Plenty of new fabs are being built.

I predict that 3 years from now, the current DRAM shortage will turn into a glut.

Disclaimer: My predictions are usually wrong.

I used to contribute regularly to Wikipedia and spent many hours editing articles each week.

The deletionists ended that.

Too much of my work was being deleted for stupid, arbitrary reasons.

If someone is willing to spend hours writing an article about Trudaeu's son, then it's reasonable to assume others are interested in reading it. Even if no one reads it, it does no harm by existing.

The deletions need to stop.

Efficiency of an electrical inverter: 90%

Efficiency of a gasoline generator: 20%

A gasoline generator might work as an emergency backup, but would not be economical for daily load leveling.

TFS says the inverter's extra hardware costs $650.

A 10kw gasoline generator would cost at least as much.

Why? Is filling the Super Bowl blimp more important?

If nothing changed in 20 years, perhaps the looming helium crisis is overblown.

We're running a business here. We need real software, not toys created as a fun weekend experiment with a chatbot or burning money to run an agent and get 50% (or more likely 5%) of the way there.

Nope. Warner Bros. was losing money before the merger and had accumulated $40B in net debt.

The headcount reduction was sorely needed, and the merger makes it even more necessary.

That's what the in-class exams and quizzes are for.

The in-class exams and quizzes solved that problem too.

The real world is more complicated than that. For example, we still have a Windows 7 machine in my office. It has some very expensive but still very useful software locked to it that has no direct replacement available on either Linux or Windows 11. Obviously we have to be careful about security and controlling access to a legacy OS like that.

Blunt statements about "forcing an upgrade" are worthless in this kind of situation. Chances are anyone who is still using a system like that has a good reason for it, at least if it's in use professionally. We buy these assets because they solve problems. Those problems might or might not have a useful and cost-effective solution available on a different platform. If there is no modern solution available and the original still works, your statement that "the old ways are obsolete" is by definition false.

What you do need to do is rationally assess the risks and the threats you face and provide other ways of mitigating the risks and protecting against the threats if you can't rely on, for example, a legacy OS that no longer gets security updates to be secure by itself. But then ideally you shouldn't be relying on any single device or piece of software being secure as your only line of defence anyway, and assuming you already have some degree of defence in depth, accommodating unusual requirements is more a redistribution of security responsibilities than a fundamental change of approach.

Yes, it does look like we broadly agree here.

I suppose the main thing I'd have said very differently is the terminology, in that I wouldn't regard the kind of incompetent senior as a senior in the first place. But then I'm pretty old school about this: to me, a junior developer needs quite close supervision to produce useful results, a regular/mid developer can perform routine tasks with minimal supervision but might need more help with larger or more complex tasks, while a senior is someone you can give more or less any task on your project to and they'll figure it out, and senior is also the level of someone who would be capable of supervising and training a junior.

We've had a wave of people, particularly since the tech boom during COVID, who have obviously been over-promoted due to the employee's market and title inflation. They might now have titles like "senior" or even "lead" or "staff", but they don't have the skills and experience to operate successfully at those levels. I agree the acceleration of everything due to increasing AI use tends to show these people up and I agree that a good mid-level developer using AI might well outperform them. But then I suspect in reality a good mid-level developer was probably outperforming them before AI as well, it just wasn't so obvious.

That is wildly optimistic IME. Frontier models do a great job of sounding authoritative on any given subject. This is not the same as actually having expert-level knowledge and understanding, and the choices the models make when you ask them to implement something can and often do reflect that. There are several domains I've worked in over the past few years where AIs lack even basic knowledge an expert practitioner would have, probably because these fields are too specialised to have a lot of books available or papers published, so presumably there hasn't been much subject-specific content to train the models on.

I don't think it's usually about what AI "did really badly on" at this point. It's more about whether the overheads of adding all the guard rails and then reviewing and correcting all the output end up costing at least a similar amount to just writing the code yourself.

For a junior developer, I'd say frontier models passed their standard some time ago. Today's LLMs routinely write code at the level of a competent junior-mid but with the advantage of an inhumanly broad knowledge base.

For a good senior, I'm much less convinced. The frontier models are hit-and-miss when it comes to writing good test suites, which matters a lot when they rely on tests so heavily to reach acceptable quality. IME, they are still mostly miss when it comes to the business insight that seniors will take into account and design/architecture decisions that keep the code manageable as it evolves. While they have become much better at recognising existing patterns in the code, and I would say they follow them reasonably well the majority of the time now, there are still bizarre anomalies that creep in, and they aren't very good at extending those patterns when necessary.

I think AI advocates also tend to underestimate just how much time it takes to properly review what they are doing. Take a half-day Claude session to implement some new feature. It might take half an hour to give it the initial brief and then review its plan. Make a few edits and it'll propose a new plan that is also long and detailed and has no edit markings to show what it changed so you have to review the whole thing, carefully and in detail, again to pick up the minor changes it also made for no obvious reason. Then you let it start doing its thing. You can't really leave it unattended for long because it'll stop to ask questions. Some of those questions might be whether it can run a screenful of ad-hoc Bash script to make some edits to your source files, because for some reason it decided not to show the actual edits as it usually would, so now you have to figure out what all the sed incantations are actually going to do while looking at those files in another editor or just trust it and then review all the changes properly later anyway. Sometimes it decides to change its plan mid-flight, but not always in a good way, and if you interrupt it to apply corrections or redirect, you break the neat plan flow it was in. Then you get to the end and you can finally see how everything it has done fits together, and you still need to review everything with the same care as you would with a junior developer's code and probably apply a few fixes where it's come up with weird names or not quite followed a pattern or imagined some instructions that were never there and made other changes in other parts of the system that should be out of scope.

If you read to the end of that last paragraph, you know how I typically feel at the end of a half day working with an agentic UI. And the thing is, I do those sessions as experiments fairly often to keep up with progress, but a lot of what I do is still written by hand, which gives me simple, objective data to compare the two ways of working and see whether the AI tools are really making me more productive once you take everything into account.

Currently, based on objective data comparing similar fully completed development tasks like for like, I still outperform agentic workflows using frontier models by about 25-50% on average, and I don't have to pay anyone extra fees to do that, and subjectively I also find it more engaging to work that way. So I don't really buy the hype about AIs making us all orders of magnitude more productive unless you're happy to YOLO everything forever and take the much-discussed risks that comes with.

Personally, I think the optimum use of LLMs right now is probably not to use them for the whole coding workflow like that or rely on agentic tools, but to use them for tasks like answering quick questions about the existing code, doing research like a fancy search engine, writing a first draft of some boilerplate, and writing quick and dirty throwaway code for experiments, one-shot tools and the like, where you don't really care about the quality as long as it gets the job done and you will see immediately if it has in fact got the job done. For these things, the LLM can read and type faster than me, and that's useful.

That is extremely unlikely, but if it happens, people will switch to other AI engines.

I use Cursor for coding, which SpaceX now owns.

SpaceX (which may merge with Tesla soon) has deep pockets and an in-house need for AI, so it is even less likely to "close shop".

Even if Anthropic and OpenAI get in deep financial doo-doo, they won't close entirely. They might stop updating their models, but the existing models in static mode would be fine for coding. More likely, they would be acquired in a consolidation.

There are currently dozens of AI companies. I predict there will be fewer than five in a few years.