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Philip Trammell

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4 June

Philip TrammellKorrents 4 Jun

From one piece The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammell 3 beliefs, in the piece's order there

korrents.com
The long trend of making it easier for ordinary people to index more of the economy will resume, and AI itself will help by cutting the cost of going public.

Their words

if I had to guess I would guess that the kind of long kind of general trend of just like lowering those frictions and making it easier for more and more people to index more and more will continue despite the recent bump in the other direction.

youtube.com
korrents.com
Even with no redistribution at all, a little saving would rescue a great many people, because the same AI that automates the work makes returns enormous.

interest rates

Their words

things have to go really wrong for us to like just get over the threshold of uh you know, capital being productive enough to automate lots of work, but not be productive enough that that the interest rate is high and or the price of capital produced goods is falling a lot, okay? So, even without redistribution, a little bit of savings will save a lot of people.

youtube.com
korrents.com
There is no single interest rate in a world of rapidly cheapening robots: measured in robots it might be ten thousand per cent.

interest rates

Their words

It might be that every robot now can turn into, you know, 100 robots next year, right? So, in units of robots the interest rate is 10,000%.

youtube.com

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