| Money-printing has been used many times historically, and in each case the structure of a positive feedback system inherent in centralized structures caused failures, and this goes back many times throughout the historic record. The core issues are for production of food, we depend on order. The cascade failures are based in mathematical chaos, which we cannot tame, and which also given such properties prevent immediate recognition in time to act to change outcomes. There is no alternative under a money-printing system. The dynamics are well known, and each time the people involved think they know better, and bring ruin to the people who vested them with that trust/power. AI makes everything worse because it not only imposes additional cost on all parties involved in economic transactions, but also at the same time drains any demand in certain low-rung job areas of the sequential career pipeline which must continue as we age; lest everything collapse. The vast majority of jobs being automated means starvation for those that cannot work. Even with welfare, the draw on the state forces inflation and prices higher and at whipsaw intervals than policy can be set to react. 60% of the workforce jobs are white-collar jobs, they will be replaced including the CEOs. Manufacturing and Blue-Collar work are for the most part severely limited because its far cheaper to bring in immigrant/slave labor through foreign currency manipulation (as China has done for decades). You want an answer, but there isn't a tractable one because these problems are hard problems. Like the Riemann Hypothesis or a much harder case of the 3-body (n-body) problem in astrophysics. There exist impossible to solve problems, and in such cases the only solution is to not play that game because the conclusions are known ahead of time, not specifically but in the overwhelming number of times those situations have repeated historically. The only real solution is to build up your own isolated community and grid as a foundation, to bootstrap the long dark ahead. All empires fall, and when they do under malthusian constraint in an ever more adverse environment, it can be devastating (and existential). There's maybe at most 10 years (2 years ago) before you see everything going off a cliff, and the kicker is you may only have 1-2 years to stop the momentum, after which even if you stop full tilt you won't be able to avert catastrophe. |