AI will unbalance supply and demand in unprecedented ways: it may replace workers, reduce demand for human labor and consumption, or drive productivity gains with nobody left to consume the output; supply-demand imbalances in commodities (copper, natural gas) cause price extremes, and AI's effect on human employment and consumption is 'infinitely complicated' and will generate new problems regardless of benefits.
forecastpending
Speaker
Jeremy GranthamEvidence Quote
“first time...supply and demand of human beings...infinitely complicated...no material chance...will generate its own problems”
Source
Jeremy Grantham: Lessons from 60 Legendary Years of Investing— The Master Investor Podcast with Wilfred FrostCreated: 8/12/2026, 6:39:12 PM
My Notes
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