John M Frazier

Schumpeter's creative destruction assumed new jobs would appear as old ones fell. Entry-level openings are shrinking from #AI inroads instead. The firm books the savings, the public books the loss. Price it into registration/token fees, return it as a dividend. #TrueCostAccounting #EconSky #agents

I have posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration. #EconSky #AI #TCA #MCA

I have posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration. #EconSky #AI #TCA #MCA

I just posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration. #EconSky #AI #TCA #MCA

I just posted a new #blog journaling some thoughtwork on my way to what promises to be a fairly original, but intellectually derived from #Marshall and #Pigou, argument for a #UBI based on #MultipleCapitalAccounting, a form of #TrueCostAccounting. For your consideration. #EconSky #AI #TCA #MCA

Bonds paid by an earmarked income stream are a concept originating with Alexander Hamilton. The notion does transfer to a #UBI funded by a dedicated revenue stream, a registration fee upon #AI and #robots, to support aggregate demand and compensate externalities to correct market failures. #EconSky

Bonds paid by an earmarked income stream are a concept originating with Alexander Hamilton. The notion does transfer to a #UBI funded by a dedicated revenue stream, a registration fee upon #AI and #robots, to support aggregate demand and compensate externalities to correct market failures. #EconSky

A little thoughtwork in progress. Picking up the Classical Liberal underpinnings of #TrueCostAccounting and applying it to labor displacement by AI and robots. Not quite ready for prime time but interesting. Refined blog in a week or so. #EconSky #TCA #MultipleCapitalAccounting #MCA #AI #Agents

A little thoughtwork in progress. Picking up the Classical Liberal underpinnings of #TrueCostAccounting and applying it to labor displacement by AI and robots. Not quite ready for prime time but interesting. Refined blog in a week or so. #EconSky #TCA #MultipleCapitalAccounting #MCA #AI #Agents

(clarification) Net annual output available for wages is the National Dividend.

#Buyouts are the one slice of displacement cost a firm pays with a one-time check. The lost training ladder, the years of lower earnings, and the public safety-net bill stay external. Price them into registration/token fees, return it as a dividend. #TrueCostAccounting #EconSky #MSFT #AIagents

#AlfredMarshall called a nation's net annual output its "National Dividend," what a society produces when its laws and infrastructure are right. When #agents absorb the work and no new jobs appear, unemployment is a cost the firm never pays. That's an externality. #TrueCostAccounting #EconSky #MSFT

While #TrueCostAccounting applies to everything grown or made, for every value addition there are consequent value subtractions, resource depletion, environmental impacts, it really comes into play when we place capable robots and AI agents. There the high cost of labor displacement accrues #EconSky

While #TrueCostAccounting applies to everything grown or made, for every value addition there are consequent value subtractions, resource depletion, environmental impacts, it really comes into play when we place capable robots and AI agents. There the high cost of labor displacement accrues #EconSky

Pondering on True Cost Accounting. If capable robots are built and placed then labor displacement costs and consequent aggregate demand deficiencies are legitimately part of their cost accounting paradigm. Instead of screaming tax the rich the general cry should be #TrueCostAccounting ! #EconSky #AI

Pondering on True Cost Accounting. If capable robots are built and placed then labor displacement costs and consequent aggregate demand deficiencies are legitimately part of their cost accounting paradigm. Instead of screaming tax the rich the general cry should be #TrueCostAccounting ! #EconSky #AI

What makes #Nvidia run? If #Cerebras, for instance, ever gets sufficient manufacturing capability to address its massive backlog, it could make them obsolete. That's why the circular financing, the backstopping, and the CUDA moat building. They're one step ahead of the executioners. #EconSky #AI

What makes #Nvidia run? If #Cerebras, for instance, ever gets sufficient manufacturing capability to address its massive backlog, it could make them obsolete. That's why the circular financing, the backstopping, and the CUDA moat building. They're one step ahead of the executioners. #EconSky #AI

My latest blog providing context for my treatment of aggregate demand as a commons. For your consideration. #EconSky #economics #robotics #LLM #RL

My latest blog providing context for my treatment of aggregate demand as a commons. For your consideration. #EconSky #economics #robotics #LLM #RL

Here's a recent blog on the technique of treating aggregate demand as an industrial commons. It's worth a look... #EconSky #economics #robotics #LLM #RL

Here's a recent blog on the technique of treating aggregate demand as an industrial commons. It's worth a look... #EconSky #economics #robotics #LLM #RL

My previous blog on the technique of calculating a licensing fee for an AI driven robot in a factory. The fee is calculated differently for pure LLMs and RL world models but it's the same fee. #EconSky #AI #economy #robotics #commons #licensingfee

A fleshing out of theory and context for a previous blog, AI Adjustment Worksheet, that enhances the picture somewhat. A blog for your consideration, #EconSky #AI #economy #robotics #commons #licensingfee

My previous blog on the technique of calculating a licensing fee for an AI driven robot in a factory. The fee is calculated differently for pure LLMs and RL world models but it's the same fee. #EconSky #AI #economy #robotics #commons #licensingfee

A fleshing out of theory and context for a previous blog, AI Adjustment Worksheet, that enhances the picture somewhat. A blog for your consideration, #EconSky #AI #economy #robotics #commons #licensingfee

I've been reviewing my recent blog, AI Adjustment Worksheet, and thinking it through. Will robots diminish GDP or aggregate demand? We don't know what compensatory mechanisms are available. What rational funding device can be maintained for support of aggregate demand? A licensing fee. #EconSky #AI

I've been reviewing my recent blog, AI Adjustment Worksheet, and thinking it through. Will robots diminish GDP or aggregate demand? We don't know what compensatory mechanisms are available. What rational funding device can be maintained for support of aggregate demand? A licensing fee. #EconSky #AI

I am concerned with the mental state of our current crop of atomic romanticists who imagine themselves ushering in a new age as they plod along, mediocrity incarnate, from next logical step to next logical step with an occasional burst of brilliance. Their grandiosity knows no bounds. #NerdReich #AI

I am concerned with the mental state of our current crop of atomic romanticists who imagine themselves ushering in a new age as they plod along, mediocrity incarnate, from next logical step to next logical step with an occasional burst of brilliance. Their grandiosity knows no bounds. #NerdReich #AI

In their headlong rush to achieve #AGI frontier labs are in danger of losing a real all world all time accomplishment. LLMs are superb in the role of a sycophantic curated database. In our hurry to realize AGI as #RL world models can possibly deliver, let us not discard #LLMs. #EconSky #AI #curation

In their headlong rush to achieve #AGI frontier labs are in danger of losing a real all world all time accomplishment. LLMs are superb in the role of a sycophantic curated database. In our hurry to realize AGI as #RL world models can possibly deliver, let us not discard #LLMs. #EconSky #AI #curation

Remember the 4k programmable chip? I used to walk around idly speculating on the places it could go. It's still not there. Fabs moved to more powerful, more expensive chips. Let's not let that happen to LLMs. LLMs as is are superb at capable sycophantic database curation. Keep them. #EconSky #logic

Remember the 4k programmable chip? I used to walk around idly speculating on the places it could go. It's still not there. Fabs moved to more powerful, more expensive chips. Let's not let that happen to LLMs. LLMs as is are superb at capable sycophantic database curation. Keep them. #EconSky #logic

The development of Reinforcement Learning models such as OpenAI's new model which they are hyping as AGI is increasing uncertainty Don't forget that we already have a valuable baseline LLM model. Using generative #AI as a capable sycophantic curated database gives you a powerful assistant. #EconSky

The development of Reinforcement Learning models such as OpenAI's new model which they are hyping as AGI is increasing uncertainty Don't forget that we already have a valuable baseline LLM model. Using generative #AI as a capable sycophantic curated database gives you a powerful assistant. #EconSky

Retraining alone won’t protect workers from AI-driven job losses, argues Alessandro Crimi. He calls for policies like basic income and taxes on automation to curb inequality https://restofworld.org/2026/robot-tax-ai-wealth-redistribution/?utm_campaign=row-social

the punctuation was never the tell. and it turns out some of the people most confident about spotting it cannot name the character they are pointing at

Meta's Muse can shop and check out for you. Here's how it works

When I follow my intellectual hunting dog on the trail of new #ideas I do not expect comprehension of difficult fields at first glance. I can read a journal report. I know basic statistics. I have some ability to separate signal from noise but that doesn't make me an authority figure. #politics #SME

When I follow my intellectual hunting dog on the trail of new #ideas I do not expect comprehension of difficult fields at first glance. I can read a journal report. I know basic statistics. I have some ability to separate signal from noise but that doesn't make me an authority figure. #politics #SME

The jig is up. The idea that one can be a subject matter expert and yet understand all other fields of endeavor in a naive state is pure #insanity . It disrespects your own credentials. If you follow that creed and set yourself up as an authority figure to stray sheep you will go mad. #SME #politics

The jig is up. The idea that one can be a subject matter expert and yet understand all other fields of endeavor in a naive state is pure #insanity . It disrespects your own credentials. If you follow that creed and set yourself up as an authority figure to stray sheep you will go mad. #SME #politics

In @nytopinion.nytimes.com “More and more Americans choose to believe whatever the leaders of their tribe tell them and whatever justifies their prejudices or bolsters their sense of victimization or entitlement,” Frank Bruni writes.

As I very slowly edit my anthology of noir vignettes I am of course casting about (a cliche, editor) for what to write next. I'm thinking a #noir detective novel, very digital, very au courant. It could find a place on a shelf of keepers. Why go period piece and compete with Hammett? #book #bookSky