Yes, I get that the US Federal Reserve and Bank of England, etc. are privately owned banks licensed by their governments to print money. But so are other corporations, except that the money takes the form of stocks and bonds. All money is debt. When I loan you a dollar, we both have a dollar.
It works a lot better than the other way, where the government owns the money supply like in the USSR and China during the cultural revolution. It is unfortunate that under free market systems that wealth has a power law distribution, where the richest 1% own half of the world's wealth. This is a consequence of the central limit theorem, where the sum of many small random variables adds up to a bell shaped curve. Financial decisions, like every dollar you decide to spend or invest, are a product of many small random variables, which is the exponential of a sum. So you get the exponential of a Gaussian distribution. It seems the only way to "fix" that is to make everyone poor. My comment was directed to Twenkid's rant about all the money pouring into AI that somebody else created. Of course it is. We are talking about a system that will automate all labor, which is over half of global GDP. But it has to copy 8 billion human brains to do that. The cheapest way to do that (at a cost of USD $1 quadrillion) is a system of mass surveillance. My question for Twenkid is what would you have done differently in your AGI design? -- Matt Mahoney, [email protected] On Fri, Mar 27, 2026, 8:41 AM John Rose via AGI <[email protected]> wrote: > On Thursday, March 26, 2026, at 8:18 PM, Matt Mahoney wrote: > > Are you just bitter because you didn't get to AI first? What do you think > went wrong? > > > Matt, you obviously are oblivious about how the money system works so you > should refrain from quiping. There are reasons for who is rewarded to build > and integrate AGI. Your assignment is to watch this excellent video about > the history of money starting from the American “Federal” system, still the > world’s reserve currency, but going back to Europe, the film was made in > 1996 and is 100% applicable today. The money system is lavishly fueling AI > build-out and we are gifting AGI with crypto and surveillance data centers > to it on a silver platter. It is the most crucial issue but many > researchers know little how it works with that being intentional and > believe that the government is in charge and will take care of everything > when in fact it is sadly the opposite. > > https://youtu.be/WuUPv2XJKm4 > *Artificial General Intelligence List <https://agi.topicbox.com/latest>* > / AGI / see discussions <https://agi.topicbox.com/groups/agi> + > participants <https://agi.topicbox.com/groups/agi/members> + > delivery options <https://agi.topicbox.com/groups/agi/subscription> > Permalink > <https://agi.topicbox.com/groups/agi/Tc2616dc0a8577813-M97ce530b288f2513263b5d2c> > ------------------------------------------ Artificial General Intelligence List: AGI Permalink: https://agi.topicbox.com/groups/agi/Tc2616dc0a8577813-M431c66d7bc535f26c16375bb Delivery options: https://agi.topicbox.com/groups/agi/subscription
