--- title: "3 AI Quotes By James Rickards" description: "3 AI quotes by James Rickards. Plus more from James Rickards and more AI sayings from other authors." image: "https://sms4smile.com/quotes/i/1be/james-rickards-25234_ai_the-1962-cuban-missile-crisis-came-well_151680.png" --- > [“The 1962 Cuban Missile Crisis came well before the current age of AI, yet computers were in use and technology played a…](https://sms4smile.com/quotes/james-rickards/the-1962-cuban-missile-crisis-came-well-before-the-current-age-of-ai/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) [Image](https://sms4smile.com/quotes/i/1be/james-rickards-25234_ai_the-1962-cuban-missile-crisis-came-well_151680.png) > [“The irony is that when you set out to remove bias you use your own possibly unconscious biases in deciding what's harmful…](https://sms4smile.com/quotes/james-rickards/the-irony-is-that-when-you-set-out-to-remove-bias-you-use-your-own/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) [Image](https://sms4smile.com/quotes/i/95a/james-rickards-25234_ai_the-irony-is-that-when-you-set-out-to-re_1700844.png) > [“The Soviets had ... built an early warning radar system with computer linkages using a primitive kind of AI code-named Oko. On…](https://sms4smile.com/quotes/james-rickards/the-soviets-had-built-an-early-warning-radar-system-with-computer/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) [Image](https://sms4smile.com/quotes/i/816/james-rickards-25234_ai_the-soviets-had-built-an-early-warning-r_2780228.jpg) ## Other authors on AI ## More by James Rickards > [“If an economy has a stagnant labor force operating at a constant level of productivity, it will have constant output but no growth. The…](https://sms4smile.com/quotes/james-rickards/if-an-economy-has-a-stagnant-labor-force-operating-at-a-constant/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“The 1962 Cuban Missile Crisis came well before the current age of AI, yet computers were in use and technology played a critical role…](https://sms4smile.com/quotes/james-rickards/the-1962-cuban-missile-crisis-came-well-before-the-current-age-of-ai/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“It is one thing when prices drift downward over time due to innovation, scalability or other efficiencies. This might be considered “good” deflation and…](https://sms4smile.com/quotes/james-rickards/it-is-one-thing-when-prices-drift-downward-over-time-due-to/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“A country running deficits under the gold exchange standard could find itself like a tenant whose landlord does not collect rent payments for a…](https://sms4smile.com/quotes/james-rickards/a-country-running-deficits-under-the-gold-exchange-standard-could/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [ “This ... he largest financial bailout in history ... was not just a bailout of SVB \[Silicon Valley Bank\]. It was a bailout of… ](https://sms4smile.com/quotes/james-rickards/this-he-largest-financial-bailout-in-history-was-not-just-a-bailout/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [Derivatives serve practically no purpose except to enrich bankers through opaque pricing and to deceive investors through off-the-balance-sheet accounting.](https://sms4smile.com/quotes/james-rickards/derivatives-serve-practically-no-purpose-except-to-enrich-bankers/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“Printing dollars at home means higher inflation in China, higher food prices in Egypt and stock bubbles in Brazil. Printing money means that U.S.…](https://sms4smile.com/quotes/james-rickards/printing-dollars-at-home-means-higher-inflation-in-china-higher-food/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [What does reflect reality very well is complexity theory, which comes from physics. I'm the one pioneering the idea of bringing it to capital…](https://sms4smile.com/quotes/james-rickards/what-does-reflect-reality-very-well-is-complexity-theory-which-comes/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“On the whole, it is difficult to think of another government agency that has failed more consistently on more of its key missions than…](https://sms4smile.com/quotes/james-rickards/on-the-whole-it-is-difficult-to-think-of-another-government-agency/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“Elite support for so-called free trade is due to the fact that elites share a global perspective at odds with the best interests of…](https://sms4smile.com/quotes/james-rickards/elite-support-for-so-called-free-trade-is-due-to-the-fact-that-elites/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“The irony is that when you set out to remove bias you use your own possibly unconscious biases in deciding what's harmful and what…](https://sms4smile.com/quotes/james-rickards/the-irony-is-that-when-you-set-out-to-remove-bias-you-use-your-own/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“The solutions to this systemic risk overhang are surprisingly straightforward. The immediate tasks would be to break up large banks and ban most derivatives.…](https://sms4smile.com/quotes/james-rickards/the-solutions-to-this-systemic-risk-overhang-are-surprisingly/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [“Policy makers respond to economic distress by pursuing polices designed to improve the data. After a while, the data themselves may come to reflect…](https://sms4smile.com/quotes/james-rickards/policy-makers-respond-to-economic-distress-by-pursuing-polices/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [When you own gold you're fighting every central bank in the world. That's because gold is a currency that competes with government currencies and…](https://sms4smile.com/quotes/james-rickards/when-you-own-gold-you-re-fighting-every-central-bank-in-the-world/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) > [The problem right now is that central banks have not normalized their balance sheet since 2009. They're trying, but it's not even close. If…](https://sms4smile.com/quotes/james-rickards/the-problem-right-now-is-that-central-banks-have-not-normalized-their/) [James Rickards](https://sms4smile.com/quotes/author/james-rickards/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/ai/james-rickards/#itemlist", "name": "3 AI Quotes By James Rickards", "numberOfItems": 3, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "“The 1962 Cuban Missile Crisis came well before the current age of AI, yet computers were in use and technology played a critical role in the form of U-2 spy plane photos that showed Soviet missile installations in Cuba. Protocols and standard operating procedures were in place, ... Still, it was human judgment as displayed in Khrushchev's letter to Kennedy and Kennedy's decision to remove U.S. missiles from Turkey and Italy that defused the crisis. ... human judgment, not computers and processes, avoided nuclear war. It's instructive that the one case, albeit fictional, in which nuclear war resulted was [the movie] \"Fail Safe,\" where a computer malfunction had the last word and attempts at human intervention by the president and the commander's wife failed due to strict adherence to protocols. ... 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On September 26, 1983, ... the system malfunctioned and reported 5 incoming ICBMs from the United States. Oko alarms sounded and the computer screen flashed \"LAUNCH.\" Under the protocols, the \"LAUNCH\" display was not a warning but a computer-generated order to retaliate. Lieutenant Colonel Stanislov Petrov of the Soviet Air Defense Forces saw the computer order and had to choose immediately between treating the order as a computer malfunction or alerting to senior officers, who would likely commence a counterattack. Petrov was Oko's codeveloper and knew the system made mistakes. He also estimated that if the attack were real, the U.S. would use far more than 5 missiles. Petrov was right. 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