What nobody seems to notice is all the incentives for deploying AI are perverse.
The real story of the US economy isn’t about AI, it’s about an economy that’s run out of rope. AI is being hyped not just by promoters reaping billions of dollars in stock market gains, it’s being hyped by the entire status quo because it’s understood to be the last chance of saving an economy doomed by the consequences of decades of artifice.
The real story of the US economy is that decades of “financial innovations” finally caught up with us in 2008 , when the subprime mortgage scam–a classic example of “financial innovations” being the cover story for greed and…
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