Re: How to deal with the economically redundant? Tax the rich
Evidence? Assertions that a computer will never beat a human at chess, Go, bridge, poker, etc etc have repeatedly been shown to be wildly overestimating the uniqueness of human thought. As uniquely human endeavors have fallen one by one to the wayside for centuries, I think the burden falls on you to demonstrate why it cannot continue.
Originally posted by ThePythonicCow
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. But, I would have to disagree with the sentiment of this statement. Mathematical formulations are ALWAYS effectively metaphorical (That is what is wrong with Wall Street today) when mapped to the physical world. A real world understanding of Godel's theorem is that a model of the world cannot be realized that contains a representation of the model itself. The idea that a human being cannot model and predict its own behavior perfectly is the likely source of irrational behavior. Sometimes this paradox is realized as a limits to degrees of freedom (capabilities) and sometimes it is realized temporally (too much happening too fast). Why bring this up an economics forum? Because it puts you on the road to the paradox we face when considering the importance of a central bank or a global currency. IF irrational behavior in a system is proportional to the proximity of the current state to the maximum complex state then since we are hitting the limits of global economy and trading speed irrational behavior will (and is) increasing dramatically because of this fact and no other. In the past Free Trade was a great way to relieve this pressure as was computer trading and bring things back to a rationally functioning economy. What markets are there left to open? How to we make things move faster? What do we do now?
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