I’m generally a fan of John Cochrane. I would agree that government regulation of AI isn’t likely to work out well, which is why I favor an international pause on AI development instead (less need for government competence on detailed technical matters).
His stance on unemployment seems less understandable. I guess he either hasn’t considered the possibility that AGI could drive wages below human subsistence levels, or think that’s fine (humans just work for the same low wages as AIs and governments make up the difference with a “broad safety net that cushions all misfortunes”)?
Oh, of course he also doesn’t take x-risk concerns seriously enough, but that’s more understandable for an economist who probably just started thinking about AI recently.
I’m generally a fan of John Cochrane. I would agree that government regulation of AI isn’t likely to work out well, which is why I favor an international pause on AI development instead (less need for government competence on detailed technical matters).
His stance on unemployment seems less understandable. I guess he either hasn’t considered the possibility that AGI could drive wages below human subsistence levels, or think that’s fine (humans just work for the same low wages as AIs and governments make up the difference with a “broad safety net that cushions all misfortunes”)?
Oh, of course he also doesn’t take x-risk concerns seriously enough, but that’s more understandable for an economist who probably just started thinking about AI recently.