Tyler Cowen

speaker
2,016 appearances 10 recordings 1 series first heard Apr 2025 last heard 20 Jul

Tyler Cowen’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months
3 · Jan OctJan 26AprJulnow

Recordings per month over the last 12 months — 8 in all, peaking in Jan 2026 with 3.

Appearances

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And it's highly unpleasant and a lot of people will be thrown out of work and living standards will be lower.
But we've already spent that money, we can't default.
And that's facing us over the course of the next ten to fifteen years.
But I don't think the world will end.
It is.
So if AI would help our economy grow one percentage point more a year, we could just afford the whole thing and we wouldn't even need to inflate.
Now that would not be my best prediction, but it's not impossible that it could happen.
And I've been predicting half a percentage point a year.
Which still puts us right on that border of can we, can't we?
We don't know.
I wouldn't want to stake the whole house on that.
But again, there's some chance we'll squeak by due to AI and assorted productivity gains.
Well first about half of our economy right now is just totally perpetually sluggish.
Look at government, look at most of the non profit sector, look at higher education, parts of our healthcare sector.
Add that up, you're at fifty percent of GDP.
To some extent they use AI already, but in pretty trivial ways, like oh it saves people some time, they don't work as hard, they take more leisure, they hang out more at the water cooler.
That's fine, it's fun, but it's not gonna get rid of our debt problem.
And then you have some startups, you have programming, you have the dynamic parts of our biomedical sector that are already using AI a lot, but the more they use AI, the more efficient they become, and the more the inefficient parts of your economy are left over.
And it's just really hard to grow much faster.
Interesting.
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