“There would probably be some economic impact, but much less than the 2008 financial crisis, for example it might decrease growth by 25% versus leading to negative growth for roughly two years in the case of the 2008 crisis.”
LessWrong (Curated & Popular) · "“Hardwired Pause” should likely be your favorite (pause) plan." by David Scott Krueger
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What was described
estimate economic impact of a hardwired pause
decrease growth by 25% versus leading to negative growth for roughly two years in the case of the 2008 crisis
Said nearby on the same subject
“Your action today is to look at one commitment that's slipping. Send an update with the impact, the revised plan, and the next time they'll hear from you. After the work is delivered, examine why the original estimate failed.”
“I have this framework called pause, perceive, proceed... pause long enough to regulate my own emotions... perceive... ask ourselves some questions... then proceeding, which is, you know, having the conversation”