Ed Elson

How many jobs could it theoretically get rid of?

If that happens, what is going to be our response to that?

How do we regulate this technology such that we don't walk into an economic disaster?

And the thing that I am noticing right now

is that the investors right now seem to be obsessed with the question of what could go wrong, which is a bad idea, and the government seems to be obsessed with the question of what could go right.

The government seems to think everything's gonna be fine, don't worry about it, hands off, everything's gonna be great, we're not even gonna include any policies.

In fact, we're gonna create policies that make sure that no one else creates any policies.

And that is a very, very stupid idea.

Because we should be asking that question.

It is a legitimate possibility.

We should be thinking about things like UBI.

We should be thinking about a worker reinvestment fund.

We should be thinking about what would happen if the unemployment rate actually was 10%, not if you're an investor.

I don't think that's a very wise move to assume that.

But if you're in government, if you're a regulator, I think these are good things to assume.

You should be erring on the side of caution.

And what we're seeing in government is not that at all.

We'll be right back after the break.

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