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What Phil Trammell thinks about interest rates

@phil-trammell · 15 positions · 0 changes of mind

Economist working on the economics of transformative AI; head of economics at Epoch AI and a research scholar at Stanford.

Phil Trammell did not write this page.

We collected these quotes from things they published elsewhere, and every quote links to where it was said. They have no account here and have not endorsed this site. Quotes are word for word; the short line under each one is our own restatement, not their wording. Their own site. Is this you? Claim it or ask us to remove it. Or tell us what is wrong here.

2 dated positions, 2026, in their own words. Our reading of what Phil Trammell has said — not written or endorsed by them.

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  1. Our readingThere is no single interest rate in a world of rapidly cheapening robots: measured in robots it might be ten thousand per cent.

    Their wordsIt might be that every robot now can turn into, you know, 100 robots next year, right? So, in units of robots the interest rate is 10,000%.

    ↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com 23rd of 33 in this recording

    robotics

  3. Our readingEven with no redistribution at all, a little saving would rescue a great many people, because the same AI that automates the work makes returns enormous.

    Their wordsthings have to go really wrong for us to like just get over the threshold of uh you know, capital being productive enough to automate lots of work, but not be productive enough that that the interest rate is high and or the price of capital produced goods is falling a lot, okay? So, even without redistribution, a little bit of savings will save a lot of people.

    ↗The better AI gets, the smaller its share of the economy might get – Alex Imas and Phil Trammellyoutube.com 27th of 33 in this recording