First of all, if I dont have capital to begin with

Well now: I will loan you some in exchange for a return.

So which is it: the Chicken or the Egg ? Myself, I would start with a few chickens who would understand economics sufficiently well to produce a few eggs for which I would sell. What's that, you don't have any money--that's OK you can come over and tend my truck garden from which I sell the excess produce.



China is creating Capital now at a prodigious rate --primarily due to massive Manufacturing production.

They started 40 years ago by allowing each individual to have one acre of land for their own food PRODUCTION. They would then be allowed to keep the money that they got from selling this food. As a result CAPITAL FORMATION averaged about $3000 per person per year back 40 years ago.

Perhaps we should conclude that there is an economic cycle of dependency.

I am no economist by my alter-ego is quite well versed on this misunderstood topic by the younger generations.

All economics is based on credit . The dollar note is not worth anything why ?.Can any off you economic's professors tell me the answer to that ?

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The car you drive is an expert system and is becoming more so with each new model year.

I'll call it an expert system when my car drives me.
I don't consider not having to pull out the choke to start my car much of an expert system.

Are you an 'Old Timer' like me?

Does anyone remember the 'Manual' Choke and 'Vacuum' Windshield Wipers?

I'm a 'semi-old timer' and I still drive a manual choke. I refuse to buy a smartphone and flat screen TV as well.

Julie, I too held out with my old CRT TV until it died. But now after owning a 40" flat screen LCD TV I wonder why I waited so long.

Back to the topic at hand. A question. Would everyone get the same basic do nothing income? Would they also get a basic place to live and decent medical care?

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Bob DeWoody

My motto: Never do today what you can put off until tomorrow as it may not be required. This no longer applies in light of current events.

Come on all you economic professors answer my question .

Why is the dollar not worth anything ?

It's economic's 101

Here's a clue it's printed on the dollar note

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If a computer has free will it won't have subroutines as that would mean it does not have free will and being a computer that is much quicker than us it would be able to work out how to connect itself up to the net anyway . And i'm shore it would not need all them nukes . Just turning the power off , opening the flood gates at dams , will go a long way to causing a lot of people to die , and if it is self aware who's to say that it doesn't take itself out with us useing your logic.

Well we wont be making a robot that has free will because thats impossible. Nothing in this universe (God being the only possible exception) has free will, so for us to build something that has would be impossible. The point is therefor moot and the computer or robot will have an ethics subroutine build into it, just like most humans have an ethics subroutine build into them.

You didn't watch I robot well then did you as it had to obey Asimov's 3 laws of Robotics but still killed his maker

I did watch I, Robot and I also read the short story on which its based. The point of that robot was that it was a defect where the three laws of robotics no longer completely applied to.

I did watch I, Robot and I also read the short story on which its based. The point of that robot was that it was a defect where the three laws of robotics no longer completely applied to.

Then you didn't understand it

So i will change what i said not free will but self aware

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I did watch I, Robot and I also read the short story on which its based. The point of that robot was that it was a defect where the three laws of robotics no longer completely applied to.

Then you didn't understand it

So i will change what i said not free will but self aware

If a computer is self aware it will still have sub routines. Like I said, humans are self aware and yet humans have whole range of subroutines build into them.

Also human do have ethics as you say but it does not stop people killing each other or trying to take over the world and enslave us all

If a Robot is to intelligent by definition it would have to be autonomous . other wise it is just a machine program'd to do certain things and would not be able to think .

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The car you drive is an expert system and is becoming more so with each new model year.

I'll call it an expert system when my car drives me.
I don't consider not having to pull out the choke to start my car much of an expert system.

Are you an 'Old Timer' like me?

Does anyone remember the 'Manual' Choke and 'Vacuum' Windshield Wipers?

I'm a 'semi-old timer' and I still drive a manual choke. I refuse to buy a smartphone and flat screen TV as well.

Julie, I too held out with my old CRT TV until it died. But now after owning a 40" flat screen LCD TV I wonder why I waited so long.

Back to the topic at hand. A question. Would everyone get the same basic do nothing income? Would they also get a basic place to live and decent medical care?

Thing is, I'm not that much of a proponent of the technological evolution... (and I never watch TV:)

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rOZZ
Music
Pictures

Now don't change the subject and answer my question

Why is the dollar not worth anything ?

If you can't answer me then you do not understand economics at all

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Thing is, I'm not that much of a proponent of the technological evolution... (and I never watch TV:)

But Julie you have to get one nothing like a 40" screen for a computer stuff T.V or in my case 42"

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Full marks Clyde you passed and can now graduate and i will give you extra credit for the artificial part of your post 110 marks my friend .

Edit : It's a promissory note , a promise that you will give me it's value in product or service

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Also human do have ethics as you say but it does not stop people killing each other or trying to take over the world and enslave us all

Yeah it does. Sure you have some that are definitely bad apples, but the majority of human beings are pretty decent nice people. And even the bad apples for the most part require psychological tricks before they kill and a lot of them still won't like it and regret it afterwards.

Its my belief that if you build even a smart AI you can teach it or otherwise build it to be good to people.

If a Robot is to intelligent by definition it would have to be autonomous . other wise it is just a machine program'd to do certain things and would not be able to think .

Yes, so? Still doesn't mean you have to give them the launch codes for our nuclear arsenal.

Yes, so? Still doesn't mean you have to give them the launch codes for our nuclear arsenal.

hehehehehe

But that's the problem thou making shore it's not so smart it will hack systems to get them .

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Now everyone understand that economic is based on credit and promissory notes you could have a system where people get a wage but there would have to be a understanding that you would have to do something for it even if it just a street sweeper all it will take is the will to change our way of thinking .

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Yes, so? Still doesn't mean you have to give them the launch codes for our nuclear arsenal.

hehehehehe

But that's the problem thou making shore it's not so smart it will hack systems to get them .

Yeah thats typical hollywood bs. You can't just hack your way into launching a nuclear war. I'm pretty sure the missile launch systems are not even connected to the internet, so you can't even hack into it from a distance.

I'm not so shore your right on that probbly not on the internet but a closed system . I think the Americans got rid of a lot of operators so they can be launch'd remotely . As they can't be shore the people in the silo's will lunch when told to do so ,so they took them out of the loop .

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yes Clyde i understand that and i understand you American love you money so much there's fat chance of changing your mind either .

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I'm not so shore your right on that probbly not on the internet but a closed system . I think the Americans got rid of a lot of operators so they can be launch'd remotely . As they can't be shore the people in the silo's will lunch when told to do so ,so they took them out of the loop .

A lot of them are on nuclear submarines, so yeah those still need people. And other ICBM's still need people, given that there is currently a small outrage over the state of American missile launch bases and their unpreparedness. In other words, those also still need people.

Now everyone understand that economic is based on credit and promissory notes you could have a system where people get a wage but there would have to be a understanding that you would have to do something for it even if it just a street sweeper all it will take is the will to change our way of thinking .

Change Human's 'way of thinking' when it comes to 'Paper Money'? It took 5000 years for Humans to Accept Paper Money.
The World is not some huge 'Re-Education Camp'.

Its very unpractical to use the value of metal as currency.
The largest ten daler panels weighing more than 2 lispund (about 19 kg) and is the world's largest coin used in early 18th centuary.
https://translate.google.se/translate?sl=sv&tl=en&js=y&prev=_t&hl=sv&ie=UTF-8&u=http%3A%2F%2Fsv.wikipedia.org%2Fwiki%2FPl%25C3%25A5tmynt&edit-text=