Can someone ELI5 what Bitcoiners mean when they say “An AI productivity boom can grow the US out of its debt”? Sounds like snake oil.
I thought price deflation is fundamentally incompatible with the debt money ponzi.
Discussion
If AI-driven productivity gains are strong enough, they could delay a market correction by masking the malinvestments fueled by years of easy credit. Lower costs and higher output might make weak investments appear sustainable, creating the illusion of stability. But if those gains slow or fail to offset underlying distortions, the correction remains inevitable.
Aren’t sovereigns on their own, independently unsustainable debt path, even irrespective of market interventions during corrections?
This cought my attention. I also want to know this.
Maybe the idea is productivity can outgrow inflation (even though increasing always) because of people starting businesses? That does sound like hopium
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