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 Grantham

Evidence 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 InvestingThe Master Investor Podcast with Wilfred Frost
Created: 8/12/2026, 6:39:12 PM

My Notes

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