The Problem with the President’s AI Executive Order

Source: EconLog
by Vance Ginn

“President Biden signed a sweeping executive order to ‘harness’ and ‘keep’ artificial intelligence, two words you never want to hear from the government. This new regulation will inhibit Americans’ flourishing because restricting free markets never works. The EO is reported to ensure safety, equity, and responsible development. While these goals may appear laudable, delving deeper reveals that this motion will hinder economic progress and stifle the innovation it aims to promote. That’s why policies must always be judged by their results rather than their intentions.” (11/18/23)