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Artificial Intelligence and the Prospects for Economic Growth
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It’s understandable to worry about whether the exorbitant valuations of AI companies represent a bubble that will burst and severely damage retirees’ savings. And the bursting of that bubble could indeed be painful in the short term. But what if we’re living inside a “rational bubble” that is radically improving the economy, unlike other great speculative upheavals in history? I borrowed the term “rational bubble” from conversations I had with m…
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