The next Fed chair should be an AI.
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Will it be completely automated or is there room for humans to intervene ?
Milton Friedman said it should be a program, and that was 50 years ago.
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I meant for eg - even if we have pilotless airplanes, there might be a case to be made for a human pilot to be in the cockpit at all times. Currently when we hit severe turbulence the autopilot switches off and hands control to the human.
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In the markets, severe turbulence is precisely when you shouldn’t let humans anywhere near the controls.
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