econ

Why Aren’t We Partying Like It’s 1999?

carter

> However, unlike the tech boom of the 1990s, the current AI boom isn’t translating into widespread economic optimism. In fact, Americans are remarkably downbeat about the economy and the future in general. And I think it’s worth trying to understand why.

Hottake: this is more cultural than economic

I know on this website most of you are either economic doomers, waiting for an eminent apocalypse or self loathing and whining how bad you think you have it. 

But the real reason is that we've become culturally desensitized. Even people who made millions with nvidia just shrug their shoulders and go back to work instead of popping champagne. It doesn't feel like it matters anymore.