🌐 Global Economy
Dec 19, 2025
Tracking the AI Boom: Some Lessons From Economic History
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The Issue:
Recent years have witnessed an extraordinary boom in Artificial Intelligence (AI) based on a widespread perception that AI is a truly transformative technology that will drive economic growth for many years. But there are also many skeptical voices that warn that this boom is greatly overdone, that the economic gains will be slow to come, and that AI is an inflating bubble that could burst with dangerous consequences for the U.S. economy. Previous cycles of dramatic investment in tech
Recent years have witnessed an extraordinary boom in Artificial Intelligence (AI) based on a widespread perception that AI is a truly transformative technology that will drive economic growth for many years. But there are also many skeptical voices that warn that this boom is greatly overdone, that the economic gains will be slow to come, and that AI is an inflating bubble that could burst with dangerous consequences for the U.S. economy. Previous cycles of dramatic investment in tech
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