Post AmsPaabFvzVVDAKCPY by JoeBecomeTheSun@social.vivaldi.net
 (DIR) More posts by JoeBecomeTheSun@social.vivaldi.net
 (DIR) Post #AmqWppLW7XpVNB3L2u by eff@mastodon.social
       2024-10-09T21:04:11Z
       
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       “There’s a genuine distrust in this (AI) stuff” in consumer tech, “but other than that, it’s a design problem,” EFF’s @Thorin told @nytimes. “It’s just ugly and in the way.”https://www.nytimes.com/2024/10/09/technology/personaltech/turn-off-ai-overviews-google-meta.html
       
 (DIR) Post #AmqWpr7lVe1At6dNtA by JoeBecomeTheSun@social.vivaldi.net
       2024-10-09T23:43:27Z
       
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       @eff @Thorin @nytimes Remember that the ai fad is driven by corporations chasing fake money from the fed rather than trying to compete for real customers. Most of the economy is fake because most of the money is fake. America has not been capitalist since world war two and is now in a state of managerial feudalism, where a small number of skilled and unskilled laborers actually make things with their hands and most of the profits go to the managerial class and the government.
       
 (DIR) Post #AmqWprtcdiIbHX1bU0 by nanook@friendica.eskimo.com
       2024-10-10T00:16:18Z
       
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       @JoeBecomeTheSun @eff @Thorin @nytimes The whole fake/real money thing is bogus, money is a means of exchange, not and end in of itself, and there is no money that has an absolute stable supply and thus value, and even if there were, the pool of goods and services is constantly changing so the value still would not be constant.
       
 (DIR) Post #AmsPaabFvzVVDAKCPY by JoeBecomeTheSun@social.vivaldi.net
       2024-10-10T18:21:52Z
       
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       @nanook @eff @Thorin @nytimes Do you know how modern monetary theory actually works? The actual value of money is the amount of stuff you can buy with the currency divided by the supply of currency. The fed creates income inequality because those who come into possession of new money can spend it at pre-inflation prices before it trickles into the wider economy. In my view the government should not have the power to print. Full reserve banking should be the law and goldbacks should be the national currency so that we do not have to trust the federal government to maintain the gold backing.
       
 (DIR) Post #AmsPabi1oIWCeSV7bc by nanook@friendica.eskimo.com
       2024-10-10T22:04:30Z
       
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       @JoeBecomeTheSun @eff @Thorin @nytimes So when you add a bunch of additional currencies, bitcoin, dodge, etc, that further subdivides stuff and drives inflation, devaluing all currencies.