3 ms·
You can print money when there is more capacity than demand. When we reach AGI/ASI we may have it. Until then we don't print money and we tax.
by zooq_ai 3y ago
You can print money when there is more capacity than demand.
When we reach AGI/ASI we may have it. Until then we don't print money and we tax.
- CrzyLngPwd 3y agoWhen it comes to printing money, where is the capacity limit? 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?
- candiodari 3y agoMoney represents effort, jobs, goods. It is only as good as what it represents. You ask for money, with nothing in return. I ask you to work for me, for free, forever. I need a chef. When can YOU start?
- zooq_ai 3y agoThere is no capacity limit. 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)