Even if AI seems superior at many specific tasks, it cannot replace the human ability to set aims, make judgments, and shoulder uncertainty. In that sense, AI remains a tool—a powerful one—while humans supply the values and intentions that steer it. The relationship between them is not rivalry but interdependence.
Scarcity and the Machine: Opportunity Cost in the Age of Artificial Intelligence
My latest piece with the Mises Institute
https://mises.org/mises-wire/scarcity-and-machine-opportunity-cost-age-artificial-intelligence
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