… as hundreds of billions of dollars are flooding into artificial intelligence, there are serious concerns that an AI bubble could trigger another bailout with taxpayer money.
In the interview that follows, leading progressive economist Gerald Epstein, who initiated and directs the Game Changers project at the Political Economy Research Institute at the University of Massachusetts Amherst, talks about AI’s impact on finance and the bailout problem and how a transformative public finance strategy can revive democracy, promote equity and social justice, and build strong and sustainable communities.
Too late. It’s already baked in through the insurance industry reinsurance mechanisms.
Yeah, read an article about it. They’re using life insurance providers to buy these private funds aka debt. When the AI bubble goes kaputt, that life insurance is backed up by states who are obligated by law to pay if it fails.
And in all your index funds, retirement funds, etc.