Confronted with a trillion dollars a year flooding into artificial intelligence, a former Biden economic official has a fix: let Washington decide where the money goes instead. The boom is not what threatens the economy. That instinct is.
Jennifer Harris lays out the case in the New York Times this week. The AI buildout, she warns, is "hollowing out" the economy, bidding away the capital, land, and talent that would otherwise go to housing, factories, and start-ups. She has the facts right and the culprit exactly wrong.
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