Every day is an existential risk for some of us.
Why pay tax when the gov can print the money instead of taking it from me?
Why pay tax when the gov can print the money instead of taking it from me?
When we reach AGI/ASI we may have it. Until then we don't print money and we tax.
Is it more than 34 trillion in debt, or is there no real limit when you can just print it and add as many zelenskys as you like?
I ask you to work for me, for free, forever. I need a chef.
When can YOU start?
Thought experiment. let's say you need 1 WikiToken to read a Wikipedia article. How much tokens can WikiMedia print and give it away for free?. The answer is nearly infinite, because even if WikiMedia gives away 1 Million WikiTokens to everyone in the planet, they can still serve all the Wikipedia articles without 'inflation'. They can also print a Billion or a Trillion Token with no effect on the price of reading a Wiki Article which is still 1 Token
Same Deal. If AI/Robots can turn the world into a near infinite capacity because cost of everything boils down to labor except physical space that you occupy (and everyone can only occupy so much space at a given time)
Except for basic demand and supply. The more of those "zelenskys" you have around, the less they're worth.
E.g Let's say you need 1 WikiToken to read a Wikipedia article. However the Wikimedia prints 10 Billion Tokens and distributes it to entire world for free. Next year it prints 20 Billion more and so on Will the cost of reading a Wiki article go up? No. Because we have excess capacity for serving Wikipedia articles
Every cost in this world boils down to labor and if AI/Robots take over then cost of labor is 0 or in other words we have excess capacity and we can print in abandon.