RE: https://mastodon.social/@JulianOliver/116127567524494585
There are emergency brakes in the American economy, the thing is that those used to be coded in the law and regulations that come from the Roosevelt era, after de depression.
Since Reagan, every government has eroded those rules, and the crisis of 2008 caught everyone but a few by surprise.
What would it happen with a gung-ho administration looking to just inflate the economy for political reasons?
This is a good overview on the recent 'AI Doomsday' scenario from Citrini Research doing the rounds. Take with a grain of salt, however the notion of negative self-reinforcing feedbacks from the removal of productive 'friction' from the economy is especially interesting.