Commentary: The Madness of the Anti-AI Crowd

In the course of these hebdomadal bulletins, I have often had occasion to mention Charles Mackay’s 1841 masterpiece Extraordinary Popular Delusions and the Madness of Crowds. The title should be inscribed as a talisman somewhere in the homes of the credulous. Mackay’s account of various “moral epidemics”—the South Sea Bubble, Tulipomania, Witch Hunting, etc.—is amusing until one steps back and realizes that we modern sophisticates are just as susceptible to the sorts of “folly and delusion” Mack

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