@patrickc@ATabarrok@tylercowen Do people even trust the Fed in the United States? It depends who you ask. The older you are, the more likely you are to trust, but it's essentially a coin flip [1] across the broader population.
[1] Data from https://t.co/idV23eWYhc 2024 November study of 5000 US adults.
"Economics today resembles Catholic theology in medieval Europe: a rigid doctrine guarded by a modern priesthood who claim to possess the sole truth. Dissenters are shunned. ... Neoclassical economics has become the Aeroflot of ideas." Much truth in this.
@balajis Another way to interpret: using an LLM is on the efficiency frontier for the low-entropy, data-rich patterns of frontends, but may fall short of it for the high-entropy, data-sparse logic of unique organizational backends.
At some point we'll need to move from rigid relational models of storing data to more flexible models. LLM's are so much better at accurately retrieving information from unstructured documents than structured relational databases.
Found an old point and shoot Olympus Stylus film camera at my parents place with a roll of film still in there since maybe 2001 or so. I will report back with findings.