nostr:nprofile1qqsfkve5keksgptzzvvrkt3k03kha0rqf9hs5hc79w80l739hksfh8spzemhxue69uhhyetvv9ujuuen0qh8xmmrd9skcqgkwaehxw309aex2mrp0yh8qunfd4skctnwv46q4pckzr I did a quick grok analysis

https://grok.com/share/c2hhcmQtMw_8b5c5a80-de8e-449b-9e7d-1b663d703076

Very interesting, as I am always open to learning new things

Initial reaction is that this is why I value the Austrian School of Economics study that I’ve done, as a foundation for understanding all economics

It’s very practical, and focuses on the individual

Yes AI is a big technology shift, yes it will create benefits and dis-benefits, but in the Austrian lens we all act according to our “self-interest”, of which factors like scarcity are actually crucial drivers to human action

So the idea of AI to write policy, or AI to create some kind of abundant future without economic action, is not the way to look at it

Rather, what does AI enable the individual to do. What can they now create? How is there life better?

Again, to look to the Austrian School, they promote the idea of free markets, so more regulation is not the aim, but rather the opposite, get government small, out of the way, and allow people to crack on (human action actually complements each other via specialised trade)

Have you done much Austrian Econ research? I’ve done lots of reading around it, but some contemporary and good reads where Knut Svanholm “Praxaeology” and Saifedean “Pronciples of Econ”

🙏🏻