http://www.youtube.com/watch?feature=player_embedded&v=ClNCOSS4nGs
David comes in about 15mins into the program. David starts by reviewing what Bitcoin and Ripple systems do. Then the discussion moves to the central importance on trust in markets and how an ecology of competing distributed systems like these P2P-type sytems could replace (or complement) top down Central Bank imposed financial and economic systems. The resulting ecology could be more robust than centralised entities facilitating exchange.
Dealing with the AI productivity boom: We do know how to share the wealth
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from Dean Baker Regular readers know that I am skeptical that AI will lead
to a massive uptick in productivity growth, and therefore large-scale job
loss (...