MIT Sloan, MIT Shaping the Future of Work Initiative @MITshapingwork, and co-chair CFA Institute Systemic Risk Council. Former IMF. #StandWithUkraine
Joined March 2009
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What a great publication day for #PowerAndProgress for me and @DAcemogluMIT
Thanks to everyone for your support — here's a quick message from us and don't forget you can, for the first time, purchase the book here:
shapingwork.mit.edu/power-an…
Simon Johnson retweeted
En Semana la entrevista que le hice a Simon Johnson, Nobel de Economía, sobre IA y el bienestar de los humanos.
Atento a sus opiniones.
semana.com/tecnologia/articu…
What Are We Getting With All These Data Centers? - Power and Consequence... youtu.be/t-WKmXYGXRs?si=_VFX… via @YouTube
Simon Johnson retweeted
We asked co-director Simon Johnson how things have changed since his book "Power and Progress" (co-authored with @DAcemogluMIT) came out in 2023. Is it too late to redirect the path of AI?
Watch the full AMA video with @baselinescene: youtube.com/watch?v=OgMbxjEA…
What Happened to Japan? - Power and Consequences Episode 29 youtu.be/EhS_xxpo7wc?si=Agoi… via @YouTube when your investment boom/bubble gets out of control - lessons for the US, China
What is the Bond Market Saying? youtu.be/Vg-6DC58xro?si=sARB… via @YouTube it is telling the Fed to raise short-term interest rates, to bring inflation down… but the White House has a different (and entirely wrong) theory of the case
When Will the Iran War End? - Power and Consequences Episode 27 youtu.be/ayhTFg3ZIdU?si=PFgy… via @YouTube Not soon - expect oil prices to stay high and volatile
Does the Fed Have Inflation Under Control? - Power and Consequences Epis... youtu.be/E6TbnT3U81o?si=PdDj… via @YouTube Don’t expect the Fed to raise short-term rates in September. The bond market on the other hand…
Can the U.S.-Iran conflict be resolved without China’s help? We think not: project-syndicate.org/commen…
New podcast episode: powerandconsequences.com/p/e… US-Iran War ends when China decides to help broker a deal (not soon)
Simon Johnson retweeted
Co-director @baselinescene: "We’re inventing AI in a society that’s already very unequal, and we’re plugging it into a labor market that’s already primed to become more polarized. I think the default course is for AI to reinforce those existing trends." Podcast linked below 👇
I highly encourage everyone to read @DAcemogluMIT's latest book "What Happened to Liberal Democracy?" from @DuttonBooks, just released this week. Daron not only offers insightful analysis of how and why liberalism went astray, but also lays out a vision for a better path forward.
S.1241 - Sanctioning Russia Act: congress.gov/bill/119th-cong… a very good idea whose time has come
Bipartisan Sanctioning Russia Act: would impose meaningful mandatory sanctions + targeted tariffs. An excellent idea whose time has come. Hopefully, Congress will pass and the President will sign soon
As the USA approaches its 250th birthday, Gary Gensler and I take a look back at history — and consider what's next. How will AI, this era’s transformative technology, affect society and inequalities?
Listen here: powerandconsequences.com/p/e…
Pro-worker AI, explained
@MITSloan just published this excellent article on my recent paper with @DAcemogluMIT and @davidautor on building pro-worker AI.
The priority: finding new ways to expand human capabilities across levels of education and skill
mitsloan.mit.edu/ideas-made-…
Ahead of the first FOMC press conference today for new Fed Chair Kevin Warsh: We made predictions in our podcast on May 18. What did Gary Gensler and I get right, and what is going to play out differently in light of oil prices, the stock market, AI? powerandconsequences.com/p/e…
Thread on the Make More in America Act
1/ From Senate Democrats yesterday – a proposal that seems likely to draw bipartisan support. The core idea is to use the Export-Import Bank (EXIM) to strengthen supply chain resilience.
democrats.senate.gov/newsroo…
4/ My current assessment: if you can preserve effective competitive pressures, encouraging domestic manufacturing makes sense—including because China is obviously using its position in global supply chains to create potential strategic chokepoints.