There are two dimensions to AI policy: (1) preventing downside risks from inappropriate AI use (intellectual property, bias, misuse), and (2) accelerating positive adoption across sectors by providing support to small and medium-sized businesses that lack the resources of large firms like JP Morgan.
causalpending
Speaker
Michael SpenceEvidence Quote
“the policy thing has has two sides to it um one is there's a lot of potential damage and you know downside risk associated with the inappropriate use of these Technologies... the the other part is positive right... government has a role in you know accelerating and increasing the footprint of the adoption and diffusion options for small and mediumsized businesses”
Source
Nobel Prize-Winning Economist Sees Era Of "Permacrisis" Ahead | Michael Spence (w/ Adam Taggart)— Adam Taggart | Thoughtful Money®Created: 8/11/2026, 1:51:12 AM
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