I enjoyed this podcast. It was a nice break in my day. I am not sure it was intended but the new takeaway thought about the future of humankind was the importance of the "sense of place" as a contributing factor to our collective wellbeing.
It was probably the discussion of San Francisco/information/A.I. and Dr. K's interjection of the importance of NY to the money management/wealth sector. However, I am reasonably certain that the fundamentals of creating food in our food industries, fisheries, rangelands, and the energy required to store, process, transfer, and distribute food is critically important, with a close second in the biophysics of wellness, healthcare, control of disease, etc.
I believe we take it for granted but I believe that we are all striving to self-actualize and adapt to the conditions of nature. I feel much better when we make progress in improving the global standard of living, particularly for mothers and fathers and their children. The family unit concept appears to be a successful subset of the eusociality of our species. However, I accept that our species still has a few problems, some being related to theocratic aspirations, and finding wage earning jobs to support our food, shelter, and health needs of our families.
I would like to hear more about decoupling from the current grids; energy, information and finance. I loved the discussion about smaller countries doing work arounds to compete and maintain independence. Decoupling has the potential to buffer the societal ills and inequities of globalization.
Azeem A is most annoying. And good Dr. K. is apparently frustrated with this conversation. While the question of comparing the ".com" bubble of the late 90s with the "AI bubble" of the 2020's is an important one, but the risks/upsides of the technologies (and why those lead to overvaluation of the stock market) are totally different. Yet, Azeem's constant inserting himself into the discussion keeps clouding of what we, readers are most interested about: Dr. K's takes on the world economy of '25.
I would like to see some comments on the recent Acemoglu opinion piece about whether AI will be used to produce a broader and more diversified productivity, or will be narrowly controlled by large tech companies for their enrichment. Your comments about “building a moat” reflect investor expectations for the latter, but Acemoglu’s argument is that that course will ultimately stifle economic growth. Comments?
I am struck by what happened with ATMs. First bank tellers began to disappear and bank activity disappeared, and now everywhere I turn I see a new Chase suburban bank location with a greeter at the door and a gang of personal bankers.
Is there or will there be a transcript of this video? I read much faster than most folks talk, so I prefer to get substance from written material.
Thanks guys! Paul Krugman / you are a wise man/ in many ways. Thank you.
Skip the first 11 minutes. Go straight to the 11 minute mark, where the substance begins.
☺️☺️
Azeem talks too much
Love the painting haloing Krugman! Feels like I'm at the foot of Mt Kailash!
I enjoyed this podcast. It was a nice break in my day. I am not sure it was intended but the new takeaway thought about the future of humankind was the importance of the "sense of place" as a contributing factor to our collective wellbeing.
It was probably the discussion of San Francisco/information/A.I. and Dr. K's interjection of the importance of NY to the money management/wealth sector. However, I am reasonably certain that the fundamentals of creating food in our food industries, fisheries, rangelands, and the energy required to store, process, transfer, and distribute food is critically important, with a close second in the biophysics of wellness, healthcare, control of disease, etc.
I believe we take it for granted but I believe that we are all striving to self-actualize and adapt to the conditions of nature. I feel much better when we make progress in improving the global standard of living, particularly for mothers and fathers and their children. The family unit concept appears to be a successful subset of the eusociality of our species. However, I accept that our species still has a few problems, some being related to theocratic aspirations, and finding wage earning jobs to support our food, shelter, and health needs of our families.
I would like to hear more about decoupling from the current grids; energy, information and finance. I loved the discussion about smaller countries doing work arounds to compete and maintain independence. Decoupling has the potential to buffer the societal ills and inequities of globalization.
When you say the Fed has one dial to turn re interest rates, is that bc QE and QT involves or resides with Treasury?
I also would like a transcript
Well, there were fewer issues with the podcast production, i.e. the mics have improved some, and also a nice show on a few issues.
Azeem A is most annoying. And good Dr. K. is apparently frustrated with this conversation. While the question of comparing the ".com" bubble of the late 90s with the "AI bubble" of the 2020's is an important one, but the risks/upsides of the technologies (and why those lead to overvaluation of the stock market) are totally different. Yet, Azeem's constant inserting himself into the discussion keeps clouding of what we, readers are most interested about: Dr. K's takes on the world economy of '25.
Thanks, guys! That was really interesting! …even for an old retired Mechanical Engineer.
I would like to see some comments on the recent Acemoglu opinion piece about whether AI will be used to produce a broader and more diversified productivity, or will be narrowly controlled by large tech companies for their enrichment. Your comments about “building a moat” reflect investor expectations for the latter, but Acemoglu’s argument is that that course will ultimately stifle economic growth. Comments?
How might technology affect inequality? Will it amplify winner take all? Who will get the productivity gains from the technology?
I am struck by what happened with ATMs. First bank tellers began to disappear and bank activity disappeared, and now everywhere I turn I see a new Chase suburban bank location with a greeter at the door and a gang of personal bankers.
consider not having the video autoplay when the page loads. thanks!