Robert Rubin

And admittedly, you can define AGI a lot of different ways.

I get that.

But wherever you want to define it,

I don't need to question that AI is moving, at least in my opinion, I may be wrong, but I don't think I'm wrong, moving very quickly toward ever more sophisticated capabilities that can more and more replicate the neural processes of the human mind.

Yeah, I get the point.

And this is a good debate.

This is the kind of things that if you have sensible people sitting in a room,

you can really discuss in very interesting ways.

No, I actually don't agree with Lisa.

I'm much more concerned about the possibility of inflation.

And if you run the economy too hot, and you get higher rate of inflation, and that in turn has a weaker dollar, and it has higher interest rates, I think that can have a lot more adverse effect than the benefits you're getting from Fed funds rates being lower and whatever you think might contribute.

So you might actually accomplish the opposite of what you wish.

So I know if I were at the, look, nobody's going to ask me what I think at the Fed, I promise you, but if anybody did, I think I would say to them, you've got a dual mandate under Humphrey Hawkins, as we all know, and I would worry more about the inflationary side of that than I would, I'd worry about both, but I'd be quite concerned about inflation.

Well, 1970s are an interesting time.

And that's actually what Paul Volcker was talking about when he and I were talking about this.

I don't know, probably not many of you here, well, maybe none of you actually lived through the 1970s.

I did.

And inflation took on a life of its own, Lisa.

And inflation, this was Paul's point, inflation expectations built on themselves, and once that happens, it's very, very hard to deal with.

And Paul's point was, and I think he's right about this, that once inflation gets going, inflation expectations are very, very difficult to deal with.