The Lens
The Impact of 25% Tariffs on Canadian GDP—The Bank of Canada vs Deepseek
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
8 comments:
“ In conclusion, the model would estimate a GDP decrease in the range of 1.2% to 8%”
😂😂😂
All that work for a range like that? Bascially random. I could have done better on the back of an envelope or in my head. I'm surprised she wasn't embarrassed to put that out. Makes the profession of economics look even more ridiculous than it already is.
“AI” is GIGO same as ever…
What I find amusing is the economists put out these forecasts with wide ranges, all of which turn out to be inaccurate, and then the next month the same people turn up to listen to their announcements again.
Just reading through the AI's thinking process shows the issue - refusing to take into account the effects of exchange rates because that would complicate the model.
That’s because nobody does that… the “AI” just reads what people have typically done…
eg we reported here a long time ago the “AI” thinks “we’re out of money!” just like all the Art degree moron humans write all the time… doomed to make the same reification error as the Art degree morons keep doing…
I think it would be more accurate to say “AI just plagiarizes.”
Chiefs!
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