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Oh it's certainly effecting jobs. I know plenty of people who would be unemployed right now if not for the insane spending on AI across the board. I think ther

Oh it's certainly effecting jobs. I know plenty of people who would be unemployed right now if not for the insane spending on AI across the board. I think there's many reasons for the AI hype, but one of the basic ones is that it's the only way to keep the economy propped up. I doesn't matter if it's an illusion or not, it means money is flowing many directions (even if a shocking number of those flows are accounting tricks). What we're watching is some mass hysteria like tulip mania. There are many, many people who benefit from this situation independent of whether or not its an illusion. And maybe that bubble will pop and maybe it will soon, but when it does, most of us will wish it hadn't.

johnnyanmac 1y ago
>And maybe that bubble will pop and maybe it will soon, but when it does, most of us will wish it hadn't. It will, and it will be huge. It may in fact be the trigger of the next Great Depression. It's going to be ugly. But maybe that's the pain the US needs. This situation was decades in the making and the US decided instead to blow up the debt to unmaintainable levels. There's very little rope left this time if we have even a recession withotu hyperinflation (let alone a depression). It will be bad, but I'm also beyond tired of everyone kicking the ticking pipe bomb down the road for the next generation to handle. The sooner it blows up, the better chance we have something left to clean up. Maybe we can bring some integrity back to the country.