Taleb Says Miracle Needed to Solve US Debt Crisis

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00:00The black swan for me, the unexpected would be some miracle that get us out of that funk, okay?

00:05Some miracle that would suddenly make the debt irrelevant, and I don't know, will AI do it?

00:10I have no idea, but we need a miracle.

00:12We need out there, Deus ex cathedra, to take us out of that problem that we have,

00:20and there's nothing, you know, on the horizon.

00:23So do you think AI can be that miracle?

00:26Because AI at least is driving corporate profits now.

00:29Well, maybe.

00:30AI can probably help, but, I mean, it's not sure.

00:35And also, AI can cause trouble.

00:37I mean, people don't realize.

00:39In the past, technologies were very nice because, say, you introduced the dishwasher,

00:45and the dishwasher frees up labor that goes up in a scale to generate, you know, to add more added value.

00:52There's more added value, for example, doing secretarial work or becoming a doctor or being something like that than doing dishes, okay?

01:04So that's in the past.

01:06Today, it's a top job that's threatened by AI, and I don't think we've faced something similar in history,

01:14where, in fact, it is the skilled doctor who is losing her or his job from AI.

01:21It's no longer the dishwashing person in a restaurant, you see.

01:26It is a skilled labor, very skilled labor, that has to downgrade into either driving Uber, perhaps trading stocks or something of that nature,

01:36or going down value or in the pecking order.

01:40So AI can help, but at the same time, let's not be locked into, you know, some kind of old-fashioned logic.

01:55It can hurt as well.