Greenspan succeeded with opportunistic disinflation in the 1995-96 period only because of extraordinary productivity gains from the dot-com revolution; without a comparable productivity surge (from AI or otherwise) occurring in the next 1-2 years, the Fed cannot justify aggressive rate cuts while inflation remains sticky and growth remains strong.
causalpending
Speaker
Julian BrigdenEvidence Quote
“he got extraordinary lucky...he got the the building productivity...maybe over time we can get that from AI but the question is is is it this year right is it next year or is it the year after”
Created: 8/12/2026, 6:17:43 PM
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