The Human Action Podcast

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Will AI Solve Scarcity?

The Human Action Podcast

Tags Bureaucracy and RegulationThe FedMonetary Policy

06/17/2022Jeff DeistRobert P. Murphy

A Google engineer is in hot water for claiming the company's chatbot tech had become sentient. Meanwhile, Jerome Powell presumes to fight inflation technocratically, by raising the Fed Funds rate nearly a full percentage point. So is the engineer correct? Do technology and machine learning portend an end to scarcity and a solution to monetary policy? Jeff and Bob discuss. 

Google Engineer Blake Lemoine's interview with LaMDA: Mises.org/HAP348-LaMDA
Charles Haywood's on why AI is overblown: Mises.org/348-Haywood
Read 'Yes, a Planned Economy Can Actually Work' at Jacobin: Mises.org/348-Jacobin
Read Bureaucracy by Mises: Mises.org/Bureaucracy
Bob's article on the Socialist Calculation Problem debate: Mises.org/348-Murphy
Authors:

Contact Jeff Deist

Jeff Deist is president of the Mises Institute. He previously worked as chief of staff to Congressman Ron Paul, and as an attorney for private equity clients. Contact: email; Twitter.

Contact Robert P. Murphy

Robert P. Murphy is a Senior Fellow with the Mises Institute. He is the author of numerous books: Contra Krugman: Smashing the Errors of America's Most Famous Keynesian; Chaos Theory; Lessons for the Young Economist; Choice: Cooperation, Enterprise, and Human Action; The Politically Incorrect Guide to Capitalism; Understanding Bitcoin (with Silas Barta), among others. He is also host of The Bob Murphy Show.

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