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> And it is America’s private sector, not industrial planners in Washington, which is chiefly responsible for the ai boom. The ongoing success of free markets is obscuring the damage protectionism is doing. The AI boom is also largely being funded by defense spending on both sides of the Pacific. Without state investment this technological boom would also suffer.
Do not mistake economic indicators such as GDP or "growth" for meaningful measures of economic health.
> And it is America’s private sector, not industrial planners in Washington, which is chiefly responsible for the ai boom. The ongoing success of free markets is obscuring the damage protectionism is doing. The AI boom is also largely being funded by defense spending on both sides of the Pacific. Without state investment this technological boom would also suffer.
Well in the U.S., a majority of households are invested in the stock market via 401(k)’s. When their investments do well, the average Joe will give the incumbent president the credit.
> And it is America’s private sector, not industrial planners in Washington, which is chiefly responsible for the ai boom. The ongoing success of free markets is obscuring the damage protectionism is doing. The AI boom is also largely being funded by defense spending on both sides of the Pacific. Without state investment this technological boom would also suffer.
Do not mistake economic indicators such as GDP or "growth" for meaningful measures of economic health.
I try to see it positive. With the AI bubble, I finally habe a tangible example to point to when I say that GDP growth is a bad indicator for economic success
Notice how the term “housing bubble” is used much less frequently today than 10 years ago? That’s because that so-called bubble has been ballooning in size for three decades now, and almost nobody still believes that it will “burst” in any meaningful sense. The Dotcom bubble was in many ways an outlier.
Earlier quoted context omitted.
I try to see it positive. With the AI bubble, I finally habe a tangible example to point to when I say that GDP growth is a bad indicator for economic success
Unless you can demonstrate that there is in fact an AI bubble, that is simply begging the question. Notice how the term “housing bubble” is used much less frequently today than 10 years ago? That’s because that so-called bubble has been ballooning in size for three decades now, and almost nobody still believes that it will “burst” in any meaningful sense. The Dotcom bubble was in many ways an outlier.
Earlier quoted context omitted.
I try to see it positive. With the AI bubble, I finally habe a tangible example to point to when I say that GDP growth is a bad indicator for economic success
Unless you can demonstrate that there is in fact an AI bubble, that is simply begging the question. Notice how the term “housing bubble” is used much less frequently today than 10 years ago? That’s because that so-called bubble has been ballooning in size for three decades now, and almost nobody still believes that it will “burst” in any meaningful sense. The Dotcom bubble was in many ways an outlier.
People dont talk about housing bubble as much, because it is history at this point. Not something that would go on now.
And no, housing being expensive is not the same thing as a bubble. We dont have bubble in housing now.