Macro Musings with David Beckworth cover image

Tim Lee on the Present and Future of AI and its Implications for Policy

Macro Musings with David Beckworth

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AI and the Future of Macroeconomic Theory

Milton Friedman famously talked about a computer replacing the FOMC. I think it's possible that at some point in the future, AI's will come up with better macro economic theories. Ultimately we're going to want human beings that we kind of relate to and trust to be the ones ultimately in charge. But I don't know why you'd ever like want to have it completely automated.

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