AI

Update 840: Spending Freeze Chaos Marks Week

Update 840 — Week of Chaos, Confusion; GDP Growth Slows in 4th Quarter 2024 The country was plunged this week into a frenzy of chaos and confusion amid the Trump administration’s on-again, off-again freeze on federal grants and loans spending. The broad and vague memo released by the OMB Monday was rescinded on Wednesday but …

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Update 803: Economic Implications of the AI Revolution

Update 803 – The Coming AI Revolution:Economic Opportunities, Policy Challenges The big news today comes with the release of the July CPI report, which showed that inflation as measured by CPI has fallen below 3.0 percent for the first time since March 2021, the fourth consecutive monthly decline. With inflation headed toward the Fed’s two …

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