Eric Kam

But that's never been a solution as long as I've been an economist.

You know, when you're old like me, you relive every day, every day.

And I remember when the VCR was going to kill movies.

I remember when, I don't know, Sirius Radio was going to kill whatever the other radio is called.

And you know what?

I know, let's be honest, David, you're a little bit to the left of me.

But let me tell you, the burden on this, it's still going to fall on consumers and workers anyway, right?

You can tax AI development all you want.

What are you going to do?

In some sense, you can reduce that R&D investment that Moish is talking about.

You'll slow down technological progress.

You'll reduce the efficiency gains.

There goes economic growth, higher prices, lower wages.

And you've just created the problem you tried to eliminate.

I got a bigger problem.

I got to ask both of you.

My daughter is going to be 22 in July, and I was really thinking about being a blacksmith.

Could be something that she looked at seriously.

Are you saying no?

All right, I'll send her down that.