Phil Trammell
👤 SpeakerAppearances Over Time
Podcast Appearances
So, yes.
So anyway, so I just think it's worth drawing that distinction.
Yeah.
There are currently some rich people that don't seem to, um, satiate quickly in capital.
And, uh, and so maybe in the long run they'll save the most.
Right.
Yeah.
Um,
That does seem sort of right to me.
And I would just also say, even if they do reproduce more slowly, like biologically, that might just not matter that much in the long run, right?
Yeah.
Yeah, yes and no.
I mean, so the capital stock could grow quickly, but the price of capital goods relative to consumption goods could be falling faster than the capital stock could grow.
Oh, interesting.
But the marginal utility in a robot might just be a lot lower than now.
So in units of robots, we want it a lot more than we want it now.
So would the interest rate be 30%?
It depends what you mean by the real interest rate.
It might be that every robot now can turn into 100 robots next year.
So in units of robots, the interest rate is 10,000%.