How Much Redistribution Will AI Require? Economy

How Much Redistribution Will AI Require?

How much redistribution will AI require? A common scenario is that AI raises output enormously, but labor’s share of income collapses. GDP per capita goes up but workers get poorer, and making workers...

September 03, 2026
Thursday assorted links Investing

Thursday assorted links

1. “Some crazy stats from this new JEL paper: – IV est. average 3–10x OLS (meta analysis) – Sign. results 30x more likely to be published in experimental econ (Andrews & Kasy) – <2% of empirical polis...

September 03, 2026
Who values democracy? Markets

Who values democracy?

This paper examines the conventional view that redistribution is central to the democratization process using data from stock markets. Consistent with this view, democratizations have a large, negativ...

September 01, 2026
The Hugging Face hack Banking

The Hugging Face hack

That is the topic of my latest Free Press column.  Some people are taking this in very dramatic fashion: One commentator is worried about a “full-blown AI takeover within months,” and another wrote th...

September 01, 2026