AI, Money, and Humans: The Point of No Return | Per Bylund on The Money Block™ Ep. 130

And so welcome, America.

Welcome, world.

You are here at the right time, right place.

This is America's Bitcoin-focused TV and radio show syndicated coast to coast now on BizTV.

So happy you could join us because you could be spending your time doing a whole lot of other things.

But today you're going to learn about economics, you know, the Austrian perspective of economics.

And then how does that relate to AI? Because a lot of people are worried that AI is going to turn into a bunch of terminators and the world is over.

But we got the perfect guest to talk about those things.

And we got a short bit on this first segment.

So I'm going to bring him to stage.

So his name is Per Bylund.

I've had him on the show before when I was primarily just doing radio before.

But he is not only an author, an associate professor of entrepreneurship, Johnny D. Pope Chair, School of Entrepreneurship at Oklahoma State University.

He's a senior fellow at the Mises Institute.

He's written a lot about AI.

So, Per, I want to kick off the show here and just dive right into it.

As an Austrian school of economics and thinking and viewpoint person, When it comes to AI, what is the appropriate way to set up the thinking when looking at AI?

Well, thanks for having me, first of all.

I think the best way to think about it is that an AI is much like any other tool that we have produced.

It makes us more productive.

It makes us more effective in producing in order to satisfy people's wants.

And that is really the point of the economy, to produce things that we want to use and want to have... make our lives better off.

And it's not really a problem to make us more productive, much like having a tractor is a problem to plowmen.

It just means that we can do other things and probably get more leisure out of it.

Yeah, I know a lot of people would be like, but Per, I mean, we're talking about job loss.

And so welcome, America.

Welcome, world.

You are here at the right time, right place.

This is America's Bitcoin-focused TV and radio show syndicated coast to coast now on BizTV.

So happy you could join us because you could be spending your time doing a whole lot of other things.

But today you're going to learn about economics, you know, the Austrian perspective of economics.

And then how does that relate to AI? Because a lot of people are worried that AI is going to turn into a bunch of terminators and the world is over.

But we got the perfect guest to talk about those things.

And we got a short bit on this first segment.

So I'm going to bring him to stage.

So his name is Per Bylund.

I've had him on the show before when I was primarily just doing radio before.

But he is not only an author, an associate professor of entrepreneurship, Johnny D. Pope Chair, School of Entrepreneurship at Oklahoma State University.

He's a senior fellow at the Mises Institute.

He's written a lot about AI.

So, Per, I want to kick off the show here and just dive right into it.

As an Austrian school of economics and thinking and viewpoint person, When it comes to AI, what is the appropriate way to set up the thinking when looking at AI?

Well, thanks for having me, first of all.

I think the best way to think about it is that an AI is much like any other tool that we have produced.

It makes us more productive.

It makes us more effective in producing in order to satisfy people's wants.

And that is really the point of the economy, to produce things that we want to use and want to have... make our lives better off.

And it's not really a problem to make us more productive, much like having a tractor is a problem to plowmen.

It just means that we can do other things and probably get more leisure out of it.

Yeah, I know a lot of people would be like, but Per, I mean, we're talking about job loss.