Skanda Amarnath
speaker
150 appearances
1 recordings
1 series
first heard Nov 2024
last heard Nov 2024
Skanda Amarnath’s voice in public audio — every appearance, attributed to the second.
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Appearances
For example
Google Maps that everyone uses on a day to day basis, right?
It's ad supported, right?
It's not supported by a final expenditure.
It should filter in somehow into our productivity statistics, but we don't have a great way of saying now.
And estimating that's actually really hard.
So for example, there's a lot of things that probably AI can make our lives very efficient in the same way that the internet's made our our lives very efficient.
But it didn't necessarily lead to a lot of transactions.
And that's kind of the open question that's like for a lot of AI breakthroughs, how that leads to it may improve a lot of welfare, but the actual nuts and bolts of how it leads to more people spending in ways that are reflecting real things and not price increases.
That is like actually a big part of the ball game.
Neil, any thoughts on productivity?
I I I go back to the politics.
I think po the like American government makes it very hard to pa pass things in general.
From in the wisdom of that, um for everyone wants to debate, it's just even under a unified government to Neil's point, like Lisa Murkowski still has a lot of leverage, Susan Collins has a lot of leverage.
They probably will pass some things.
It's easier to pass things under a unified government than under a divided government.
But that's probably still the binding constraint.
It was the constraint on Biden in uh twenty twenty one and twenty twenty two.
I mean, even though interest rates are going up, the real question was was Joe Manchin willing to say yes to?
And so even if like we can debate how much what's the nature of public finance constraints, oftentimes they are reduced ultimately to like the hardball legislative politics.
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