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 1 Comment
in Public Choice, entrepreneurship, macroeconomics, public economics, economic growth, applied price theory, fiscal policy, budget deficits Tags: creative destruction
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