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Tyler Cowen Interviewed in Globe and Mail

In an interview with the Canadian newspaper Globe and Mail, fellow blogger and AI board member Tyler Cowen touches upon many Via Meadia themes:

Artificial intelligence will be a significant breakthrough. There are new developments almost every day. Cheaper fossil fuels, particularly natural gas, will spur short-run growth. And an increasing share of national income will go to capital and high productivity. It may not feel like an end to stagnation for many workers, but in terms of aggregate output, the U.S., Canada and Mexico are poised to do extremely well. Mexico will find its way around the drug problems and become more integrated into the U.S. economy. It’s the great underrated nation in the world right now. . . .

You can’t grow at 10 per cent per year forever. It’s already been 30 years – the greatest growth streak in history. But China is slowing down very rapidly. It’s been investing about 50 per cent of GDP for a long time. It’s very hard to do that well. And they are massively corrupt. I tend to think they will never be as wealthy per capita as Mexico. I would call that a medium-hard landing. It’s here now.

Read the whole thing.

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