Drunk Real Estate 82. China Attacks Trump's AI Initiative: Deepseek’s Impact Explained
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Jan 30, 2025 This week, the hosts dive into the latest from the Federal Reserve, discussing how interest rates and inflation are shaping the economy. They explore California's controversial price gouging laws and their impact on landlords amidst rising challenges. The introduction of the DeepSeek AI model stirs concern in the tech world, presenting a cost-effective alternative to leading AI giants. Lively debates and humor intertwine as they analyze the balance between innovation and regulation in a rapidly evolving tech landscape.
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Price Gouging Law
- California's price gouging law prohibits raising prices more than 10% during emergencies.
- This aims to prevent exploitation but can create unintended consequences.
Supply and Demand
- Price gouging is not just greed; it reflects supply and demand changes.
- Restricting prices can worsen shortages by disincentivizing suppliers.
Generator Story
- During Hurricane Katrina, a man bought generators elsewhere, drove to Louisiana, and sold them at higher prices due to the shortage.
- He got arrested for price gouging, despite addressing a critical need.