Tuesday, October 20, 2020

The best video explaining QE (Quantitative Easing)

I've watched several QE videos but this is the only one that explains the topic clearly and accurately.  This provides a good explanation of the limits of QE and clearly points out that QE is not "literally printing money", and also points out that money is not just "handed out" to people to use for spending sprees, which would cause inflation.


Monday, October 19, 2020

Humans have not created Artificial Intelligence (AI). We have created Illusory Intelligence (II).

Humans have not created Artificial Intelligence (AI).  We have created Illusory Intelligence (II).  Let's start calling it II now instead of AI.

Many people criticize the term Artificial Intelligence because the machines we create lack the ability to think.  Here is one such article: https://www.analyticsinsight.net/ai-not-real-intelligent-artificial-intelligence/

I agree.  Some call for using the term "augmented intelligence" instead of artificial intelligence, but I don't like this term either.  If I get a chip implanted in my brain to help me remember the names of people, then perhaps that is augmenting my intelligence and "augmented intelligence" would be appropriate.  But software that translates words from one language to another, or that lets my car know that a bicycle is in the road in front of me, is not necessarily augmenting my intelligence.

I think a better term is "Illusory Intelligence".  Software that gives us the illusion that it is thinking and guiding us toward better action, but this clearly implies that it is not really intelligent.  Also, this phrase hopefully serves to remind us that, because it is not a real intelligence, we should not put total trust and faith in its recommendations and suggestions.  We must not allow ourselves to totally rely upon it to evaluate the information it perceives correctly.

Sunday, October 18, 2020

Humans are the inadvertent result of the collection of genes in our DNA attempting to replicate themselves.

After recently reading, "The Ape that Understood the Universe: How the Mind and Culture Evolve", I was reminded of a very important truth I first learned in Richard Dawkins "The Selfish Gene":

If you want to understand the motivations behind human behavior, or the behavior of any animal, don't believe that the animal is interested in passing along its genes.  It is more accurate to say that the animal is the INADVERTENT RESULT of a collection of genes all selfishly seeking to replicate themselves.

  • Obviously, when people have sex and procreate, they are not thinking, "I want to pass along my genes".  They do it because it feels good, and sometimes because they desire offspring.
  • Genes do not have drives or purposes, they lack brains for such sophisticated thoughts.
    • However, genes that do not increase the survival value to their hosts are more likely to eventually be eliminated by the process of evolution.
      • A gene that makes its host want to commit suicide early in life will not get passed along because the host will have no offspring before dying.
    • Genes that increase the chances the host will have offspring are more likely to be passed along.
      • Genes that encourage having sex are more likely to proliferate.
      • Genes that make the host more attractive to members of the opposite sex are more likely to proliferate.
  • Thus, it is the collection of genes, and it is primarily genes that increase our ability to survive and have offspring, that will proliferate.  What WE ARE, is the result, the inadvertent result, of the collection of our genes that tend to increase our survival value and reproductive success.