Making Money The next economic shift has just begun
26 snips
Aug 18, 2025 
Andrew Leigh, an economist and Australian MP, shares insights on AI's potential to transform living standards, likening it to the Industrial Revolution. He discusses the historical stagnation of Japan and how technological advancements can rejuvenate productivity. The conversation also addresses economic inequality, particularly through Piketty's equations, emphasizing the importance of innovative solutions. Leigh emphasizes the evolving role of education in a tech-driven world and questions the true relationship between money and happiness.
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Light Shows How Productivity Transforms Life
- Technological progress massively cut the labour cost of producing light over centuries.
- That productivity gain freed time and enabled cultural and economic development.
Productivity Growth Comes In Bursts
- Productivity growth was lumpy across history with huge gains from the Industrial Revolution.
- AI could be the next general-purpose technology to restart broad living-standard growth.
Build AI Guardrails Before The Highway
- Build strong safety guardrails for AI before scaling deployment.
- Reduce catastrophic risk now so society can safely gain AI's productivity benefits.
