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: https://Mises.org/HAP348-LaMDA
Charles Haywood’s on why AI is overblown: https://Mises.org/348-Haywood
Read ‘Yes, a Planned Economy Can Actually Work’ at Jacobin: https://Mises.org/348-Jacobin
Read Bureaucracy by Mises: https://Mises.org/Bureaucracy
Bob’s article on the Socialist Calculation Problem debate: https://Mises.org/348-Murphy
00:00 Introduction
00:52 Google’s LaMDA Chatbot
02:46 AI, Natural Rights, and Ethics
06:24 Could a "Real" AI Solve the Socialist Calculation Problem?
12:37 The Problems with a Planned Economy
19:36 Scarcity in a Planned Economy
24:31 Is Human Advancement Stagnating?
32:59 AI and Monetary Policy