One could argue potential productivity gains from AI is the only hope the fiat system has left besides outright debt monetization. Personally, I think debt to gdp is a stupid measurement to use but everyone uses it so that gives it some value. Theoretically, if AI can increase productivity in excess of the rate the debt is increasing, debt to gdp will continuously decline and all the participants in the fiat system will likely think everything is fine and play the record all night long.
Exactly. Productivity can prolong the show for a while.
reply