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This is NOT meshuggy's thread!
If you have any contributive or non-contributive random posts to share, you're more than welcome to post here.
« Last edited by Dan on September 04, 2013, 11:47:14 AM »

Author Topic: Random Posts For Non-Meshugeners  (Read 221045 times)

Offline mmgfarb

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Re: Random Posts For Non-Meshugeners
« Reply #2505 on: November 02, 2018, 05:25:05 PM »
That's when I notice many not being able to think straight.
You sure it wasn't around April 2017?
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Offline ChaimMoskowitz

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Re: Random Posts For Non-Meshugeners
« Reply #2506 on: November 02, 2018, 05:27:00 PM »
You sure it wasn't around April 2017?
No, I am pretty sure on Jan but I can be mistaken.
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Re: Random Posts For Non-Meshugeners
« Reply #2507 on: November 05, 2018, 03:48:31 PM »
Interesting thought. Correct me if I'm wrong.
If it's possible to create a robot that can learn to do everything a person can do then everything will be free and money won't exist anymore.
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Re: Random Posts For Non-Meshugeners
« Reply #2508 on: November 05, 2018, 04:10:07 PM »
Interesting thought. Correct me if I'm wrong.
If it's possible to create a robot that can learn to do everything a person can do then everything will be free and money won't exist anymore.

You're taking it to the extreme and over simplifying it, but you are on to something that economists and central bankers are well aware of: automation is highly deflationary. That is one of the reasons why despite record low unemployment, inflation is virtually non-existent.
I've been waiting over 5 years with bated breath for someone to say that!
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Offline ChaimMoskowitz

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Re: Random Posts For Non-Meshugeners
« Reply #2509 on: November 05, 2018, 04:14:30 PM »
That is one of the reasons why despite record low unemployment, inflation is virtually non-existent.
I wouldn't call 2.5+ non-existent. Employment is only one factor out of many that effects inflation.
« Last Edit: November 05, 2018, 04:37:11 PM by ChaimMoskowitz »
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Offline etech0

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Re: Random Posts For Non-Meshugeners
« Reply #2510 on: November 05, 2018, 04:18:13 PM »
Interesting thought. Correct me if I'm wrong.
If it's possible to create a robot that can learn to do everything a person can do then everything will be free and money won't exist anymore.
http://www.decisionproblem.com/paperclips/
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Re: Random Posts For Non-Meshugeners
« Reply #2511 on: November 05, 2018, 04:25:58 PM »
I wouldn't call 2.5+ non-existent. Employment is only one factor out of many that effects unemployment.
None of this is an accurate science, and a lot of it is subjective. Of great importance are actually inflation expectations. The important factor is that automation, and other technological advances, are making goods and services cheaper to produce, while eliminating jobs.
I've been waiting over 5 years with bated breath for someone to say that!
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Online whYME

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Re: Random Posts For Non-Meshugeners
« Reply #2512 on: November 05, 2018, 04:36:12 PM »
Employment is only one factor out of many that effects unemployment.
Um what?

Offline ChaimMoskowitz

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Re: Random Posts For Non-Meshugeners
« Reply #2513 on: November 05, 2018, 04:36:46 PM »
I just found a new supply of forks!

Offline ChaimMoskowitz

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Re: Random Posts For Non-Meshugeners
« Reply #2514 on: November 05, 2018, 04:39:03 PM »
None of this is an accurate science, and a lot of it is subjective. Of great importance are actually inflation expectations. The important factor is that automation, and other technological advances, are making goods and services cheaper to produce, while eliminating jobs.
I am not disagreeing but we also have things like sanctions and now some wage growth that will put pressure on inflation. SS raise is 2.8% in Jan.
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Re: Random Posts For Non-Meshugeners
« Reply #2515 on: November 05, 2018, 09:05:14 PM »
You're taking it to the extreme and over simplifying it, but you are on to something that economists and central bankers are well aware of: automation is highly deflationary. That is one of the reasons why despite record low unemployment, inflation is virtually non-existent.
The assumption that we can get robots that can learn everything is extreme but I wouldn't say impossible. But assuming it's true why is it extreme to say that's what will happen?
I was actually trying to think of a way how someone can stop it from happening if we do get such robots. I couldn't really think of a way.
Then I was thinking of it's effects...

The second part about inflation and unemployment I didn't really think it through so I don't understand it yet.
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Re: Random Posts For Non-Meshugeners
« Reply #2516 on: November 05, 2018, 11:15:29 PM »
The assumption that we can get robots that can learn everything is extreme but I wouldn't say impossible. But assuming it's true why is it extreme to say that's what will happen?

Because there is more to the price of goods than the cost of labor in producing them.

This is a fascinating topic. We may be living through the equivalent (or bigger) of the industrial revolution.

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Re: Random Posts For Non-Meshugeners
« Reply #2517 on: November 06, 2018, 12:12:53 AM »
Because there is more to the price of goods than the cost of labor in producing them.
For example?
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Re: Random Posts For Non-Meshugeners
« Reply #2518 on: November 06, 2018, 12:24:42 AM »
For example?
The actual goods? The cost of running said robots would need to be covered as well.
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Re: Random Posts For Non-Meshugeners
« Reply #2519 on: November 06, 2018, 12:25:25 AM »
Quote from: ExGingi
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