Past waves of automation have followed a script. Agriculture mechanized, got cheap, and shrank as a share of GDP, and value moved to manufacturing. Manufacturing automated and shrank, and value moved to services. Ben Moll and Alex Imas argue AI will follow that script rather than break it... 1/

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If only our anti-monopoly electeds weren’t busy taking on Big Condiment

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Wow, I did not even remember these Trump deals. Did Congress appropriate the funds? Who do the returns come back to? As one who was against the auto bailout and other corporate bailouts back in the day, I agree this crony capitalism / socialism trend using our tax dollars is alarming

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As Trump antagonizes Canada and Mexico, he risks “destroying a precious geopolitical asset: a strong continental base from which Washington projects power,” writes Robert Zoellick.

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Can’t wait to hear Kevin Hassett explain this one.

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