A korrentour readingWhat is a korrent?
Most macroeconomic models cannot describe the AI transition, because they assume a single output that converts one-for-one into capital or consumption.
Drawn from what Phil Trammell said
A korrentour readingWhat is a korrent?
Drawn from what Phil Trammell said
Word for word, with the source under each one. They did not write this page.
Economist working on the economics of transformative AI
here prices are adjusting in this interesting way that too many macro models don't allow for, right? So, that what what a what's happening is what would be called investment specific technical change where yeah, the price of capital is like falling relative to the price of consumption instead of like the standard doing the standard macro thing of saying there's just output.
Added to korrents 4 Jun 2026 · How quotes work · Something wrong? Tell us
Our reading — they may agree, disagree or merely touch the same thing. Closest first: a shared subject counts for most, then how near the wording is.