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The American economy is showing its flexibility - Marginal REVOLUTION

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That is the theme of my recent Free Press column on AI.  Excerpt: The more quickly the world changes, the more the quality of our capital markets matters. And the world is indeed changing quickly: AI will soon be present in virtually every job. Many of us already use it informally for legal and medical advice, […]

That is the theme of my recent Free Press column on AI. Excerpt: The more quickly the world changes, the more the quality of our capital markets matters. And the world is indeed changing quickly: AI will soon be present in virtually every job. Many of us already use it informally for legal and medical advice, research, and even companionship. And to close: From the point of view of an investor, it matters whether or not we’re in an AI bubble. But if you are seeking to understand long-term social and economic trends, the bubble question is primarily a matter of short-term interest and…

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