Could do without it burning the planet

What if the AI grift is just an attempt to reduce total circulating money by burning cash?
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[–] 4 points 7 months ago (1 child)

It does not. Instead of necessities the wealthy buy assets, e.g. stocks. Either way the cash is still in circulation.

It's foolish to have huge piles of cash when most central banks have a stated goal of about 2% inflation.

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