Regulations are really only put into effect after something terrible has happened.

That's correct.

If that's the case for AI and we're only put in regulations after something terrible has happened,

it may be too late to actually put the regulations in place.

The AI may be in control at that point.

It's Wednesday, April 19, 2023, and welcome back to Goodfellows,

a Hoover Institution broadcast devoted to economics, April 19, 2023, and welcome back to Goodfellows, a Hoover Institution broadcast devoted to economic, societal, political, and geopolitical concerns.

I'm Bill Whalen. I'm a Hoover Distinguished Policy Fellow. I'll be a moderator today, joined by our full complement of Goodfellows that would include the economist John Cochran, the geostrategist, who tend general, HR McMaster, and the historian Neil Ferguson.

Neil, I mentioned you last note out of spite, but because I want to wish you a belated, happy

birthday, my friend.

Thank you very much indeed.

I have now entered my 60th year.

This is troubling.

The good news of, according to Wikipedia, you're not 60 years old.

But I have entered my 60th year. I will be 60 in 364 days.

But when you turn 59, you should be honest with yourself. You are now in your 60th year.

Well, let's see. I think we have three people on this broadcast who've already passed up milestones who give you plenty plenty of advice on what to do when the odometer passes zero two topics we're going to

explore today we want to do a segment on the recent league of pentagon intelligence the significance there

but first we're going to talk about artificial intelligence more and more staple in the daily news

topic we haven't really addressed at length since we had Tyler Cowan on the show last November.

I'm looking forward to this because I find it to be a fascinating topic, but also because I

think that John and Neil do not necessarily see eye to eye on all things AI.

...