"As doubts about AI creep in, I’m hearing growing chatter to the effect that the Fed can and should save the industry. But the lesson from the last big tech bubble is that it can’t. In fact, I have doubts about whether the Fed can head off a broader recession if the tech boom collapses — but that’s a topic for a future post."

~ Paul Krugman

#AI #ArtificialIntelligence #bubble #economy #TechBros #SiliconValley #EconomicElites
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https://paulkrugman.substack.com/p/warning-the-fed-cant-rescue-ai