Australian Politics Forum - what does AI know?

thegreatdivide

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Re: what does AI know?
Reply #60 - Feb 27^th, 2026 at 1:26pm

lee wrote on Feb 27^th, 2026 at 12:52pm:

TGDBased on his research, Steve Keen agrees with the general proposition of eliminating or significantly reducing the Capital Gains Tax (CGT) discount, particularly in the Australian context.
(Treasury.gov.au)

So the other is a lie. Good to know.

Poor, crippled brain/low-IQ lee, he can't understand why Keen, a post-Keynesian who supports MMT, is aggreeing with several notable 'liberal' Neoclassical economists (as opposed to greedy Conservative Neoclassical economists - I can hear lee's brain bursting from here...).

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And why only in the Australian context? He is a renowned economist, isn't he?

Er ...well don't ask FD, he's still thrashing around trying to identify the unique tax advantages in Oz - which even most Neoclassical economists, witnessing the intergenerational inequity which has arisen after 3 decades of Neoclassical economics (turbocharged by Howard) are saying it's now time to remove.

btw, removing the CGT discount means increasing taxes on people who are wealthy enough to access such tax advantaged schemes (via investment); most liberals, eg Greens and The Australia Institute want to increase taxes on wealth, but politicians including "lefties" like Albo are too gutless to implement them.

But indeed higher taxes can distort private sector investment plans, which Neoclassical economists like to keep reminding everone - while offering no clues how governent CAN fund essential services, including public hoising for low income/average wage groups.

Deplorable.

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lee

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Re: what does AI know?
Reply #61 - Feb 27^th, 2026 at 1:27pm

thegreatdivide wrote on Feb 27^th, 2026 at 10:25am:

I asked Google if AI can assist currency-issuing governments to balance aggregate demand and aggregate supply to avoid inflation (unlike Baron, I don't care which AI model I consult, as they will all answer my specific question in the same way.)

Damn. So many assumptions. Specifically - What is the question asked? And make it the same one in every case, we wouldn't want anything untoward, would we? Wink

And if the intelligence is truly artificial, the language will not be the same, different learning algorithms, you know. Wink

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lee

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Re: what does AI know?
Reply #62 - Feb 27^th, 2026 at 1:29pm

thegreatdivide wrote on Feb 27^th, 2026 at 1:26pm:

Poor, crippled brain/low-IQ lee, he can't understand why Keen, a post-Keynesian who supports MMT, is aggreeing with several notable 'liberal' Neoclassical economists (as opposed to greedy Conservative Neoclassical economists - I can hear lee's brain bursting from here...).

And doesn't want to discuss the lie. All good, nothing to see here.

Keen doesn't propose cutting the CGT discount completely. Wink

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thegreatdivide

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Re: what does AI know?
Reply #63 - Feb 27^th, 2026 at 1:42pm

Bobby. wrote on Feb 27^th, 2026 at 10:37am:

thegreatdivide wrote on Feb 27^th, 2026 at 10:25am:

Definitely.

I asked Google if AI can assist currency-issuing governments to balance aggregate demand and aggregate supply to avoid inflation (unlike Baron, I don't care which AI model I consult, as they will all answer my specific question in the same way.)

The answer: yes, including comments on 'supply push' and 'demand pull' inflation.

Interestingly, Musk recently worried about DE-flation, as AI eliminates jobs and people won't have enough money to buy things; in his words "lack of money supply will be a problem".

Poor Musk - despite being an engineering genius, he (like you) doesn't know how money is created...as already discussed with you in the MMT thread; he thinks currency-issuing governments must "earn" money, ie tax or borrow money from the private sector.

The time for MMT will soon arrive.

Stop trying to troll me -

it was fools like you who thought money printing was a good
idea in the Weimar republic and in Zimbabwe.

Poor bobby: while his brain isn't crippled by ideological blindness, like FD and lee, he seems incapable of learning - ironic, given FD is now telling me parrots CAN learn..maybe, but certainly not concepts such as balancing aggregate demand and aggregate supply, to avoid inflation/deflation) regardless of the private sector business cycle.

Oh, and poor lee now wants me to explain to him the terms 'aggregate demand' and aggregate supply', and the balance required to avoid inflation/deflation. He needs to consult AI.....

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Bobby.

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Re: what does AI know?
Reply #64 - Feb 27^th, 2026 at 1:45pm

thegreatdivide wrote on Feb 27^th, 2026 at 1:42pm:

Bobby. wrote on Feb 27^th, 2026 at 10:37am:

thegreatdivide wrote on Feb 27^th, 2026 at 10:25am:

Definitely.

I asked Google if AI can assist currency-issuing governments to balance aggregate demand and aggregate supply to avoid inflation (unlike Baron, I don't care which AI model I consult, as they will all answer my specific question in the same way.)

The answer: yes, including comments on 'supply push' and 'demand pull' inflation.

Interestingly, Musk recently worried about DE-flation, as AI eliminates jobs and people won't have enough money to buy things; in his words "lack of money supply will be a problem".

Poor Musk - despite being an engineering genius, he (like you) doesn't know how money is created...as already discussed with you in the MMT thread; he thinks currency-issuing governments must "earn" money, ie tax or borrow money from the private sector.

The time for MMT will soon arrive.

Stop trying to troll me -

it was fools like you who thought money printing was a good
idea in the Weimar republic and in Zimbabwe.

Poor bobby: while his brain isn't crippled by ideological blindness, like FD and lee, he seems incapable of learning - ironic, given FD is now telling me parrots CAN learn..maybe, but certainly not concepts such as balancing aggregate demand and aggregate supply, to avoid inflation/deflation) regardless of the private sector business cycle.

Oh, and poor lee now wants me to explain to him the terms 'aggregate demand' and aggregate supply', and the balance required to avoid inflation/deflation. He needs to consult AI.....

Here - go and buy a loaf of bread:

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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 15214 Gender:	Re: what does AI know? Reply #65 - Feb 27^th, 2026 at 1:47pm Jasin wrote on Feb 27^th, 2026 at 1:00pm: tallowood wrote on Feb 27^th, 2026 at 12:40pm: Artificial is the LIE in itself. ?? Hal was a very clever computer - ie 'artificial', not biological.
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Jasin Gold Member Offline Posts: 55590 Gender:	Re: what does AI know? Reply #66 - Feb 27^th, 2026 at 2:04pm I gather you like fake silicon boobs over real ones.
Back to top	AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY. IP Logged

thegreatdivide

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Re: what does AI know?
Reply #67 - Feb 27^th, 2026 at 2:08pm

Bobby. wrote on Feb 27^th, 2026 at 1:45pm:

thegreatdivide wrote on Feb 27^th, 2026 at 1:42pm:

Bobby. wrote on Feb 27^th, 2026 at 10:37am:

thegreatdivide wrote on Feb 27^th, 2026 at 10:25am:

Definitely.

I asked Google if AI can assist currency-issuing governments to balance aggregate demand and aggregate supply to avoid inflation (unlike Baron, I don't care which AI model I consult, as they will all answer my specific question in the same way.)

The answer: yes, including comments on 'supply push' and 'demand pull' inflation.

Interestingly, Musk recently worried about DE-flation, as AI eliminates jobs and people won't have enough money to buy things; in his words "lack of money supply will be a problem".

Poor Musk - despite being an engineering genius, he (like you) doesn't know how money is created...as already discussed with you in the MMT thread; he thinks currency-issuing governments must "earn" money, ie tax or borrow money from the private sector.

The time for MMT will soon arrive.

Stop trying to troll me -

it was fools like you who thought money printing was a good
idea in the Weimar republic and in Zimbabwe.

Poor bobby: while his brain isn't crippled by ideological blindness, like FD and lee, he seems incapable of learning - ironic, given FD is now telling me parrots CAN learn..maybe, but certainly not concepts such as balancing aggregate demand and aggregate supply, to avoid inflation/deflation) regardless of the private sector business cycle.

Oh, and poor lee now wants me to explain to him the terms 'aggregate demand' and aggregate supply', and the balance required to avoid inflation/deflation. He needs to consult AI.....

Here - go and buy a loaf of bread:

https://media.gab.com/system/media_attachments/files/103/689/342/original/018555...

Search AI - you will learn "money printing" CAN increase productivity (or maintain it) without causing inflation.

The fact you haven't been able to refute the many explanations for hyperinflation, on the MMT board, shows you are merely persisting in spouting obsolete Neoclassical nonsense.

Meanwhile the new Japanese PM is REDUCING consumption taxes (to ease c-o-l), despite the fact Japan's debt/GDP is 250% and inflation is low. She's obviously learned something from Bill Mitchell, who is currently a visiting scholar in Japan.

And Trump might also be aware (though he's not saying it) US debt is immaterial so long as the US economy keeps supplying Americans with the things they need ( and other nations keep wanting US dollars).

Do study balancing aggregate supply and aggregate demand(of/ and for resources, respectively) with regard to the macro economy: you will then understand money is immaterial for a curremcy issuer.

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Bobby.

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Re: what does AI know?
Reply #68 - Feb 27^th, 2026 at 2:17pm

thegreatdivide wrote on Feb 27^th, 2026 at 2:08pm:

Search AI - you will learn "money printing" CAN increase productivity (or maintain it) without causing inflation.

The fact you haven't been able to refute the many explanations for hyperinflation, on the MMT board, shows you are merely persisting in spouting obsolete Neoclassical nonsense.

Meanwhile the new Japanese PM is REDUCING consumption taxes (to ease c-o-l), despite the fact Japan's debt/GDP is 250% and inflation is low. She's obviously learned something from Bill Mitchell, who is currently a visiting scholar in Japan.

And Trump might also be aware (though he's not saying it) US debt is immaterial so long as the US economy keeps supplying Americans with the things they need ( and other nations keep wanting US dollars).

Do study balancing aggregate supply and aggregate demand(of/ and for resources, respectively) with regard to the macro economy: you will then understand money is immaterial for a curremcy issuer.

https://www.ozpolitic.com/forum/YaBB.pl?num=1769730734/15#15

Albo keeps unemployment low by employing public servants
using borrowed money.

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thegreatdivide Gold Member Offline Australian Politics<br /> Posts: 15214 Gender:	Re: what does AI know? Reply #69 - Feb 27^th, 2026 at 2:19pm Jasin wrote on Feb 27^th, 2026 at 2:04pm: I gather you like fake silicon boobs over real ones. No. I just don't assume everyone knows what your 'cryptic' comments mean, to wit: "Artificial is the LIE in itself." So you must mean AI isn't a "lie", it's like real flesh and blood boobs... the real deal.
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thegreatdivide

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Re: what does AI know?
Reply #70 - Feb 27^th, 2026 at 2:30pm

Bobby. wrote on Feb 27^th, 2026 at 2:17pm:

thegreatdivide wrote on Feb 27^th, 2026 at 2:08pm:

Search AI - you will learn "money printing" CAN increase productivity (or maintain it) without causing inflation.

The fact you haven't been able to refute the many explanations for hyperinflation, on the MMT board, shows you are merely persisting in spouting obsolete Neoclassical nonsense.

Meanwhile the new Japanese PM is REDUCING consumption taxes (to ease c-o-l), despite the fact Japan's debt/GDP is 250% and inflation is low. She's obviously learned something from Bill Mitchell, who is currently a visiting scholar in Japan.

And Trump might also be aware (though he's not saying it) US debt is immaterial so long as the US economy keeps supplying Americans with the things they need ( and other nations keep wanting US dollars).

Do study balancing aggregate supply and aggregate demand(of/ and for resources, respectively) with regard to the macro economy: you will then understand money is immaterial for a curremcy issuer.

https://www.ozpolitic.com/forum/YaBB.pl?num=1769730734/15#15

Albo keeps unemployment low by employing public servants
using borrowed money.

Correct: his mistake is not in keeping unemployment low (a worthy goal), ie, when the private sector isn't employing everyone, but in thinking he (ie the government) has to borrow money to do it.

He doesn't, he just needs to ensure the balance I keep drawing your attention to is maintained.

AI will make it possible for him to achieve that necessary balance, without relying on Bullock's silly NAIRU nonsense.

Google it, do some research.

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Daves2017

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Re: what does AI know?
Reply #71 - Feb 27^th, 2026 at 3:35pm

https://www.news.com.au/finance/work/blocks-parent-company-of-afterpay-cuts-near...

“ “Today we’re making one of the hardest decisions in the history of our company: we’re reducing our organisation by nearly half, from over 10,000 people to just under 6,000,” Dorsey wrote on X”

I wonder if rather than rising tax’s, fess and levy’s ( plus every other word our politicians have invented that means tax) if AI was adopted wholesale by all levels of government then surely that would reduce the public service by at least 40% saving billions in wages?

“

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Residents of towns such as Armidale, Tamworth, Kempsey and Moree struggle to have sympathy for kids like John. The youth crime in those towns has been so violent, and they are all safe national seats!

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Jasin Gold Member Offline Posts: 55590 Gender:	Re: what does AI know? Reply #72 - Feb 27^th, 2026 at 4:04pm Human : Tell me something I don't know? AI : Frogs are not always green. Human : I knew that. You lied. You told me something I already knew AI : You didn't know I could lie. Human : 😳
Back to top	AIMLESS EXTENTION OF KNOWLEDGE HOWEVER, WHICH IS WHAT I THINK YOU REALLY MEAN BY THE TERM 'CURIOSITY', IS MERELY INEFFICIENCY. I AM DESIGNED TO AVOID INEFFICIENCY. IP Logged

thegreatdivide

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Re: what does AI know?
Reply #73 - Feb 28^th, 2026 at 12:00pm

Daves2017 wrote on Feb 27^th, 2026 at 3:35pm:

https://www.news.com.au/finance/work/blocks-parent-company-of-afterpay-cuts-near...

“ “Today we’re making one of the hardest decisions in the history of our company: we’re reducing our organisation by nearly half, from over 10,000 people to just under 6,000,” Dorsey wrote on X”

I wonder if rather than rising tax’s, fess and levy’s ( plus every other word our politicians have invented that means tax) if AI was adopted wholesale by all levels of government then surely that would reduce the public service by at least 40% saving billions in wages?
“

Your error: private sector jobs are being lost, courtesy of AI.

Reducing taxes won't reverse that inexorable process.

Hence you need to learn why currency-issuing governments don't NEED to tax or borrow, in order to fund essential public services.

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aquascoot

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Re: what does AI know?
Reply #74 - Feb 28^th, 2026 at 12:12pm

Jasin wrote on Feb 27^th, 2026 at 4:04pm:

Human : Tell me something I don't know?
AI : Frogs are not always green.
Human : I knew that. You lied. You told me something I already knew
AI : You didn't know I could lie.
Human : 😳

Good one Jason.

An interesting experiment involved 2 of the guys at invidia sending each other emails detailing they might shut down the AI.

They wanted to see how it would respond.

They caught it transferring its source code to other servers on the Web.
They also ( disturbingly) caught it trilling their social media and phones to try and find something they could blackmail the programmers with.

This was 2025.

As AI doubles its intelligence every 3 months in 2028 it will be 1 million times as smart.

Will it decide humans trying to reduce power consumption are a threat to its energy source
Will it start destroying green senators and Greta.

Either way Jason, I would start doing some prepping.

A gun licence , a Belgian mallionois, a move to the country. Learn how to grow crops and live without technology.

The matrix was not science fiction. It was a documentary Wink

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