A7. #GenAI challenges abound, some devastating – from individual fraud or data loss to mass impacts on #privacy, #FutureOfWork, #eSat/#EX, #macroeconomy, ++. #eweekchat

Excellent take on one of the reasons* why the neoliberalization of society makes the overall economy more inefficient:

"At a micro-level, the dispersion and precarity of life outcomes in the United States make us all as individuals behave as if we are more greedy [...] I've described this before as "predatory precarity".

* : There are more, e.g. preparation of the ground for fascism and the destruction of te environment seem also to be clearly limiting factors...

@lykso :anarchoheart3:

#Economy #Degrowth #PostGrowth #SocialSecurity #Welfare #Neoliberalism #Capitalism #EcomomicEfficiency #MacroEconomy #MicroEconomy

#JeromePowell is completely unqualified to rigorously assess the #macroeconomy, but here we are. #FederalReserve #MonetaryPolicy https://finance.yahoo.com/news/economist-correctly-predicted-great-financial-215332088.html

Bitcoin price surge: Breakthrough or bull trap? Pundits weigh in - Bitcoin nearly broke its record for the longest streak of daily g... - https://cointelegraph.com/news/bitcoin-price-surge-breakthrough-or-bull-trap-pundits-weigh-in #quantitativetightening #fearandgreedindex #macroeconomy #centralbanks #bankruptcy #bullmarket #bearmarket #recession #genesis #nasdaq #s&p500

I will comment more on this piece by Emily Stewart https://www.vox.com/the-goods/2022/12/26/23517732/stock-market-economy-inflation-crypto-2022-in-review

But what I will say now is that it conflates the "stock market" with the #actual macroeconomy. The stock market did badly in 2022, the #macroeconomy was fine. cc @bencasselman @nick_bunker @arindube
@pkrugman

Of course the person who made this mistake the most was Trump who seemed much more interested in the stock market than the unemployment rate