Senior Fellow Karl Smith argues that Chair Greenspan’s legacy offers a lesson for the AI era: macroeconomic data is backward-looking. If U.S. institutions misread a new productivity shift, they risk higher rates, slower AI investment, and a weaker long-te
Energy matters for AI, but the decisive layers are cloud infrastructure, data, and commercialization. On those layers the United States is ahead by a wide margin.
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econ.st24d ago
