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← AI may bring about widespread supply- and technologically-induced deflation.
17 connected korrents · 16 moments from 5 Sept 2010 to 13 Oct 2026.
Everything filed under interest rates
interest rates
Everything filed under public debt
public debt
Everything filed under inflation
inflation
Everything filed under data centers
data centers
Everything filed under AGI
AGI
Everything filed under social media
social media
Everything filed under AI and jobs
AI and jobs
Everything filed under quantitative easing
quantitative easing Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: AI may bring about widespread supply- and technologically-induced deflation. AI may bring about widespread supply- and technologically-induced deflation. Last stated today
13 Oct 2026
JC
John H. Cochrane — holds since 2026-10-13 — tap for who they are
Same subject: Most macroeconomic models cannot describe the AI transition, because they assume a single output that converts one-for-one into capital or consumption. — tap to centre the map on it Most macroeconomic models cannot describe the AI transition, because they assume a single output that converts one-for-one into capital or consumption. Last stated 4 months ago
4 Jun 2026
PT
Phil Trammell — holds since 2026-06-04 — tap for who they are
Same subject: AI, not macroeconomic factors like interest rates, is directly responsible for a significant share of current job losses. — tap to centre the map on it AI, not macroeconomic factors like interest rates, is directly responsible for a significant share of current job losses. Last stated 2 months ago
28 Aug 2026
CN
Casey Newton — holds since 2026-08-28 — tap for who they are
Same subject: If the AI build-out does become a bubble, power and data centres are the assets that will carry it. — tap to centre the map on it If the AI build-out does become a bubble, power and data centres are the assets that will carry it. Last stated 2 years ago
13 Jan 2025
DO
Doug O'Laughlin — holds since 2025-01-13 — tap for who they are
Same subject: The software job losses of the past few years were caused more by the end of zero-interest-rate money and the post-COVID crash than by AI. — tap to centre the map on it The software job losses of the past few years were caused more by the end of zero-interest-rate money and the post-COVID crash than by AI. Last stated 2 months ago
29 Jul 2026
HW
Hillel Wayne — holds since 2026-07-29 — tap for who they are
Same subject: We are already in an intelligence explosion and have been for decades, so AI will show up as more of the same exponential rather than a break in it. — tap to centre the map on it We are already in an intelligence explosion and have been for decades, so AI will show up as more of the same exponential rather than a break in it. Last stated 12 months ago
17 Oct 2025
AK
Andrej Karpathy — holds since 2025-10-17 — tap for who they are
Same subject: AI is creating user surplus and capital deepening, even if it is not yet showing up in TFP data. — tap to centre the map on it AI is creating user surplus and capital deepening, even if it is not yet showing up in TFP data. Last stated a week ago
5 Oct 2026
BD
Brad DeLong — holds since 2026-10-05 — tap for who they are
Same subject: An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination. — tap to centre the map on it An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination. Last stated 4 months ago
4 Jun 2026
AI
Alex Imas — holds since 2026-06-04 — tap for who they are
Same subject: Using AI to integrate AI into the economy quickly probably has a lot of leverage. — tap to centre the map on it Using AI to integrate AI into the economy quickly probably has a lot of leverage. Last stated a year ago
16 Jun 2025
JK
Jared Kaplan — holds since 2025-06-16 — tap for who they are
Same subject: A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. — tap to centre the map on it A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost. Last stated 6 months ago
1 Apr 2026
TP
Thuan Pham — holds since 2026-04-01 — tap for who they are
Same subject: An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation. — tap to centre the map on it An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation. Last stated 7 months ago
11 Mar 2026
LA
Lyn Alden — holds since 2026-03-11 — tap for who they are
Same subject: Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. — tap to centre the map on it Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022. Last stated 4 years ago
25 Jul 2022
NS
Noah Smith — holds since 2022-07-25 — tap for who they are
Same subject: A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. — tap to centre the map on it A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement. Last stated 2 months ago
21 Aug 2026
RD
Ray Dalio — holds since 2026-08-21 — tap for who they are
Same subject: Assessing whether government debt is sustainable is as much an art as a science. — tap to centre the map on it Assessing whether government debt is sustainable is as much an art as a science. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. — tap to centre the map on it During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. — tap to centre the map on it Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals. Last stated 2 years ago
24 Sept 2024
LA
Lyn Alden — holds since 2024-09-24 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. — tap to centre the map on it Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them. Last stated 16 years ago
6 Sept 2010
SS
Scott Sumner — holds since 2010-09-05 — tap for who they are
SS
Scott Sumner — no longer holds since 2010-09-06 — tap for who they are
At the centre
AI may bring about widespread supply- and technologically-induced deflation.
Holds Read this korrent →
Most macroeconomic models cannot describe the AI transition, because they assume a single output that converts one-for-one into capital or consumption.
Holds
AI, not macroeconomic factors like interest rates, is directly responsible for a significant share of current job losses.
Holds
If the AI build-out does become a bubble, power and data centres are the assets that will carry it.
Holds
The software job losses of the past few years were caused more by the end of zero-interest-rate money and the post-COVID crash than by AI.
Holds
We are already in an intelligence explosion and have been for decades, so AI will show up as more of the same exponential rather than a break in it.
Holds
AI is creating user surplus and capital deepening, even if it is not yet showing up in TFP data.
Holds
An AI-caused recession requires the owners of capital to hit a hard ceiling on spending and then refuse to invest the rest, which is a very improbable combination.
Holds
Using AI to integrate AI into the economy quickly probably has a lot of leverage.
Holds
A company's staff-engineer bar should be set against the best companies in the industry rather than against its own history, which is what makes title inflation a real cost.
Holds
An economy on a fixed, unprintable base money supply can sustain rapid long-run growth with zero cumulative price inflation.
Holds
Cash welfare benefits contributed at least somewhat to the inflation of 2021-2022.
Holds
A government debt crisis is measurable and therefore visible well in advance; the diagnostic is mechanical rather than a matter of judgement.
Holds
Assessing whether government debt is sustainable is as much an art as a science.
Holds
During post-2008 fiscal consolidation, the costs of high public debt were overestimated and fiscal multipliers were underestimated, understating the output costs of austerity.
Holds
Since the Global Financial Crisis, unconventional monetary policy has become the dominant force driving asset prices, more than fundamentals.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
Aggressive quantitative easing should raise long-term interest rates, because effective monetary stimulus raises them.
No longer holds