
Has the FED done the impossible? Is a soft landing coming?
The David McWilliams Podcast
00:00
The Lodiites and the AI Revolution
A Lodiite is someone who believes that technology will replace labor. In actual fact, where technology displaces people in one area, what it tends typically to do is it brings down costs and increases profits. The wages in those areas stay the same or increase. And I think the AI revolution, I always go back to the printing press as being the template for what happens.
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