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Author: wzambon 🐝🐝 HONORARY
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Number: of 48441 
Subject: Krugman Nails It (He’s on a roll)
Date: 02/04/2025 11:56 PM
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https://youtu.be/KOZhmsp6iBQ?si=u9k1ypW7LO2Alt6I
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Author: wzambon 🐝🐝 HONORARY
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Number: of 48441 
Subject: Re: Krugman Nails It (He’s on a roll)
Date: 02/05/2025 1:19 AM
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Great video to be sure, but it was embedded in the following piece by Krugman

Sorry bout that….

https://open.substack.com/pub/paulkrugman/p/what-t...
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Author: AdrianC 🐝  😊 😞
Number: of 48441 
Subject: Re: Krugman Nails It (He’s on a roll)
Date: 02/05/2025 8:33 AM
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Good piece, thanks for posting.

For readers mystified by the reference, COBOL is a very old programming language that was once pervasive in the business world but in which hardly anyone under 60 knows how to program — yet is still widely used in government. (During Covid, the state of New Jersey put out a frantic call for people who knew COBOL to implement expanded unemployment benefits.)

But this observation raises another concern. What if the Musk people — Muskovites? — try to muck with systems they don’t understand, believing that they’re super smart and can master everything with the help of a little AI? It’s not hard to imagine the whole federal payments system — including, by the way, servicing of federal debt — crashing.


I'm too young for COBOL. Started on Pascal and Fortran, would not say I'm competent with either. But I've come across a lot of young software engineers who if asked "what do you program?" will say "what have you got?".

I expect the Muskovites have the usual software engineer's arrogance multiplied by a thousand. Good description of their "methods" at Twitter in the Isaacson biography of Musk.
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Author: ges 🐝  😊 😞
Number: of 48441 
Subject: Re: Krugman Nails It (He’s on a roll)
Date: 02/05/2025 9:33 AM
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Arrogant young tech-bros in charge of the government, with a senile dotard in the Whitehouse; what could possibly go wrong?
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