AGI and the EMH
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Postscript

OpenAI’s ChatGPT model on what will happen to real rates if transformative AI is developed:

Some framings you can use to interpret this post:

  1. “This blog post takes Fama seriously” [a la Mankiw-Romer-Weil]
  2. “The market-clearing price does not hate you nor does it love you” [a la Yudkowsky]
  3. “Existential risk and asset pricing” [a la Aschenbrenner 2020, Trammell 2021]
  4. “Get rich or hopefully don’t die trying” [a la 50 Cent]
  5. “You can short the apocalypse.” [contra Peter Thiel, cf Alex Tabarrok]
  6. “Tired: market monetarism. Inspired: market longtermism.” [a la Scott Sumner]
  7. “This is not not financial advice.” [a la the standard disclaimer]