this post was submitted on 09 Jun 2026
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Fuck AI

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A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.

AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.

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cross-posted from: https://kbin.earth/m/AntiAI@lemmy.blahaj.zone/t/2771990

As data centers are shut down by angry mobs and AI surveillance cameras are ripped from their poles, the world’s tech billionaires and CEOs are waking up to the reality that the masses are, broadly speaking, not on board with their plan to automate the world with AI.

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[–] skarn@discuss.tchncs.de 6 points 5 days ago (1 children)

That stuff has a name, and it's called MMT, modern monetary theory, and it's generally considered a bad idea.

Yes, the government can in principle just print money, but that has consequences, and they're not pretty. The understanding of the problems this was causing has been the historical reason for the independence of the central banks from the executive branches.

There is a branch of the left that doesn't like the idea that there are limits to public spending, but now that Trump is trying to take control of the Federal Reserve we just might find out how much of a bad idea it is to have the central bank under the executive.

The shortest version of why MMT is very dubious at best, is that if you print too much money you get inflation, and MMT proponents acknowledge this. You know how they suggest controlling inflation? By levying taxes. And there you go, taxes are back.

BTW the breakdown of how your tax dollars are spent is here: (at least if you're in the US, which it sounds like you are)

https://en.wikipedia.org/wiki/Expenditures_in_the_United_States_federal_budget

[–] bridgeenjoyer@sh.itjust.works 3 points 5 days ago

Thank you, I will read up on this!