Larry Summers

A.I. for Government and Business

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I know there was an actual Trump indictment and arraignment this week, but I have to get ahead for some real-life stuff and did an evergreen comic.

AI’s always invoked to replace labor, never management or any job that wields actual power. I’m decades away from the last time I wrote a computer program, but I guarantee you it’s easier to automate the work of the guys who turn spreadsheets into human misery than anyone doing anything useful for society.

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Silicon Valley Bailout Package Contents

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To celebrate the 3rd anniversary of COVID, and the Iraq War’s 20th, we’re being treated to a celebration of the 2008 economic collapse’s 15th with the government’s response to Silicon Valley Bank’s failure.

FDIC normally only insures deposits up to $250,000, but since SVB was the preferred bank of the economy’s whiniest libertarians, they’re getting a full bailout. Even the ones so opposed to diversity, they refused to diversify their accounts.

Printing money out of thin air is considered a laughable and juvenile response to the debt ceiling, yet it was done throughout the the post-2008 recovery by minting money to keep banks afloat and saying the magic/obfuscating words, “quantitative easing.”

The regulations that could’ve prevented this current wave of bank failures were rolled back during the Trump administration, but not without the help of many greedy/shortsighted Democrats.

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Larry Summers’ Austerity Show

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Larry Summers’ photo should be plastered all around the White House with a big note that says, “Do Not Listen to This Man” and his op-eds should be clipped out of the papers before they reach the President’s desk.

A lot of cartoonists have been lured back to drawing Trump stuff this week because of the impeachment trial, but I’m a real sicko for economics.

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