BA in Economics and Mathematics Indiana University Class of 2020 (The posts and opinions on this page are mine and in no way represent the views of my employer)
You must be kidding. AI might have big effects. It could have risks. So “policymakers,” must "act now,” before they have any idea what they’re doing, to "build the incentives, guardrails, and institutions needed to steer AI in a direction that complements humans and benefits society?” Boy I’m glad no self-appointed “policy maker” decided to “steer” the development of the steam engine. The ones who “steered” nuclear power destroyed it. Preemptive dirigisme is killing tech in Europe. If said “policy makers” could do something about the dumpster fires of US social programs, building restrictions, appalling costs of public infrastructure, broken tax code, failing schools, maybe I’d think about "calling" to unleash them on some vague AI crusade. (Previous essay on this here https://t.co/dHJDXU0cwM)
@BobMurphyEcon Action is the use of means to achieve ends, with the choice of the selected means being related to the ends they can be used to attain. Chat GPT receives a prompt and then uses its algorithm to determine means towards addressing that prompt.
An interesting question that @stevemaughan raised: In a Misesian framework, would we say GPT-4 acts? Vote if you want, but I'm more curious to "see your work" in the comments.
I think this points to Chat GPT’s failure to make valuations of means, which is central in action. If socialism is “One Will acting”, Chat GPT appears to be “No Will Acting”.
The Washington Monument Effect: when the government is forced to restrict spending, they will choose the most public facing, popular, and emotionally driven services (like monuments) to cease activity in order to muster support for increased spending.
Under a Republican shutdown, 10,000 children across our country would immediately lose access to Head Start, forcing thousands of parents to miss work with no access to this care.
Republicans need to do to their job & pass legislation to prevent a disastrous government shutdown.
Aside from all of the problems with defining “investment”, how is reducing the amount of energy (oil) a good thing? Energy fuels the standard of living, and this midwit in the luxury sedan wants it gone. Spend a week living in the third world and report what it’s like w/o oil.
@mattcmccaffrey I don’t think it’s inherently Austrian but many scholars of economic thought in the Austrian school reject the Whig Theory, and thus review all thinkers, regardless of their time, with the merits of their work, even if it implies intellectual stagnation or regression.
@PaleoGOP Genuine question: wouldn’t the Rothbardian retort be that political life is still an illegitimate means to income, though the leaders on the right have the moral obligation to fill the power vacuum, not as a legitimate social status but as a defense mechanism?
As a Libertarian I am totally against forced service. If your old enough to go to war and your old enough to pay taxes , then you are by right old enough to vote. I do not need more Authoritarian government. We need to make voting easier not more difficult. Everyone should feel they have a voice and are counted in our republic. This is another shady way to suppress the vote !
Recent criticism of Paul Gottfried from "classical liberals" and modern Buckley-ites serves to highlight an important overlap almost unique to paleoconservatives and paleolibertarians: a committed stand against the civil rights regime.
https://t.co/Fn4XcU1eVR