In the world where AI does put most SWEs out of work or severely curtails their future earnings, how likely is it that the economy stays in a context where USD or other fiat currencies stay valuable, and for how long? At some level we don’t normally need to think about, USD has value because the US government demands citizens use that currency to pay taxes, and it has an army and can ruin your life if you refuse.
I’ve mentioned it before and am glad to see people exploring the possibilities, but I really get confused whenever I try to think about (absolute or relative) asset prices along the path to AGI/ASI.
In the world where AI does put most SWEs out of work or severely curtails their future earnings, how likely is it that the economy stays in a context where USD or other fiat currencies stay valuable, and for how long? At some level we don’t normally need to think about, USD has value because the US government demands citizens use that currency to pay taxes, and it has an army and can ruin your life if you refuse.
I’ve mentioned it before and am glad to see people exploring the possibilities, but I really get confused whenever I try to think about (absolute or relative) asset prices along the path to AGI/ASI.