This excellent article has a rather chilling conclusion. “The economic model of The Singularity” is a paper title that might bring somebody a Nobel prize. Economic cycles are a reality have been documented very well. Additionally, we are in the middle of a new, revolutionary monetary policy change occurring in many countries. Quantitative easing is elevated to a new level.
Additionally,
we are witnessing new technologies that will dramatically impact the economy.
Artificial intelligence is might soon eliminate “thinking jobs” for the first
time. Robotics, in this context, is mostly AI software instead of mechanical
hardware. The AI technology is not yet so powerful, but it is developed enough
to show us the potential for massive economic disruptions.
#singularity #economics
#macroeconomics
#ai
#artificialintelligence
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