Blogotariat

Generative AI has created a gold rush today, but that rush has not yet grown into either a productivity boom or a financial bubble. There are good reasons to think this rush could become either one.Which one is just around the corner? Could it be both? In case you forgot, we did live through a productivity bonanza that morphed into a financial bubble during the commercialization of the Internet. That alone makes it plausible to forecast that history will repeat itself a quarter of a century later. You may also have more self-centered reasons to pay attention.

How much were prices rising in January when Shadow Treasurer Angus Taylor said inflation was “rampant”?

The prices that give us a good steer on inflation were falling, by 0.4%.