Latest Issues of #AxisOfEasy
The Systemic Risk No One Sees
The unraveling of social cohesion has consequences. Once social cohesion unravels, the nation unravels. My recent posts have focused on the systemic financial risks created by Federal Reserve policies that have elevated moral hazard (risks can be taken without consequence) and speculation to levels so extreme that they threaten the stability of the entire financial system.
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#AxisOfEasy 202: Stop What You’re Doing: Unplug Your WD My Book Live Storage Device
Unplug your Western Digital MyBook Storage Drive Immediately,
WHO stealth edits recommendation to not vaccinate children,
MailChimp suspends Babylon Bee… this and more in Axis of Easy # 202
Terminated by an algorithm
Yesterday we talked about how AI can act unethically, as well as encourage and enable humans to engage in unethical behaviour.
The idea that technology enables us to do things is self-evident, yet the inverse is also true, that technology enables us to not do things.
When Expedient "Saves" Become Permanent, Ruin Is Assured
The Fed’s “choice” is as illusory as the “wealth” the Fed has created with its perfection of moral hazard. The belief that the Federal Reserve possesses god-like powers and wisdom would be comical if it wasn’t so deeply tragic, for the Fed doesn’t even have a plan, much less wisdom.
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Does AI subvert our humanity?
When Gary Kasparov lost to a chess playing computer in 1997 I recall the paranoia people felt as they assumed this marked the moment where machines became smarter than humans. Of course it wasn’t, but it was a reminder that humans can be as dumb as machines.
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America’s Social Order is Unraveling
The unraveling of America’s social order is accelerating, and denial will not save us from the consequences of the plundering of the social contract. What kind of nation boasts a record-high stock market and an unraveling social order?
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