From Jesús Fernández-Villaverde: Will AI poison the public finances of many modern states? There is a real risk that it will. Yesterday, I circulated a new paper, “Saving for the Machines,” which makes a simple point. Building the AI transformation will require enormous investment. The only way to induce agents to save for that investment…
Will bystander economies be able to finance their governments?
Will bystander economies be able to finance their governments?
24 Oct 2026 Leave a comment
in applied price theory, budget deficits, economic growth, entrepreneurship, fiscal policy, macroeconomics, Public Choice, public economics Tags: creative destruction
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