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Brad DeLong's Grasping Reality 2019-12-14 15:26:10

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*Charles Stross: Artificial Intelligence: Threat or Menace? http://www.antipope.org/charlie/blog-static/2019/12/artificial-intelligence-threat.html: 'Changes happen faster, and there are more disruptive unknown-unknowns hitting us from all quarters with every passing decade. This is a long-established trend: throughout most of recorded history, the average person lived their life pretty much the same way as their parents and grandparents. Long-term economic growth averaged less than 0.1% per year over the past two thousand years. It has only been since the onset of the industrial revolution that change has become a dominant influence on human society. I suspect... 85% of the world of 2029 is here today, about 10% can be anticipated, and the random, unwelcome surprises constitute up to

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*Charles Stross: Artificial Intelligence: Threat or Menace? http://www.antipope.org/charlie/blog-static/2019/12/artificial-intelligence-threat.html: 'Changes happen faster, and there are more disruptive unknown-unknowns hitting us from all quarters with every passing decade. This is a long-established trend: throughout most of recorded history, the average person lived their life pretty much the same way as their parents and grandparents. Long-term economic growth averaged less than 0.1% per year over the past two thousand years. It has only been since the onset of the industrial revolution that change has become a dominant influence on human society. I suspect... 85% of the world of 2029 is here today, about 10% can be anticipated, and the random, unwelcome surprises constitute up to 5% of the mix. Which is kind of alarming, when you pause to think about it...

Bradford DeLong
J. Bradford DeLong is Professor of Economics at the University of California at Berkeley and a research associate at the National Bureau of Economic Research. He was Deputy Assistant US Treasury Secretary during the Clinton Administration, where he was heavily involved in budget and trade negotiations. His role in designing the bailout of Mexico during the 1994 peso crisis placed him at the forefront of Latin America’s transformation into a region of open economies, and cemented his stature as a leading voice in economic-policy debates.

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