#29 – Phil Trammell on Economic Growth under Transformative AI
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The Rise and Fall of American Growth
Gloria Borger: Growth in the developed world has slowed down a bit. She says AI will change how we think about production and growth. If it does something different, like allow capital to fully substitute for labor, say, so now you don't need humans and capital going into the factory,. You can just have capital and more capital.borger: Could you also explain what you're meaning by AI?
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