The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
The U.S. Is Betting the Economy on ‘Scaling’ AI: Where Is the Intelligence When One Needs It?
Storm argues the AI data-centre investment boom is creating a bubble that will be socially and financially expensive when it pops.
Introduction
5 Lessons from the End of the Larry Summers Era
Summers’ influence was immense, but so were his blind spots. It’s time for economics that values people and the planet over power and prestige.
The era of Larry Summers’ dominance in American economics is over. It’s a good moment to take stock.
Will the New European Fiscal Rules Raise the Debt-to-GDP Ratio? An Analysis of the Italian Case
Investigations into the possible effects of the fiscal consolidations required under the new European fiscal rules on Italy’s debt-to-GDP ratio find that the new governance framework may lead to the pro-cyclical tightening, weaker growth and adverse debt dynamics that characterized earlier phases of EU fiscal governance.
Debt, Austerity, and the New EU Rules: Why Italy’s “Reform” Path Still Leads Nowhere
Europe’s revamped fiscal rules promise discipline and stability, but Italy’s numbers tell a different story. Once realistic multipliers and hysteresis are built in, consolidation pushes debt up, growth down, and recessionary pressure outwards across the eurozone, hardly a recipe for sustainability.
Fullerton’s Journey from Wall Street to Regenerative Economics
In this episode of Economics and Beyond, Rob Johnson and John Fullerton discuss his new book, Regenerative Economics which explores flaws in traditional economic thinking, and the need for a new framework that views the economy as a living system.
The complex linkages between euro area insurers and sovereign bond markets
Euro area insurers manage several trillion euro in assets and take a long‑term investment perspective. To counteract the long period of low interest rates, they have shifted towards holding more alternative and less liquid assets. As a result, their balance sheets have become less liquid and more sensitive to market conditions overall. Meanwhile, their holdings of sovereign bonds show a significant home bias, which may have even increased with quantitative easing.
Capitalism
A Global History
AI, Antitrust, and the Future of the Marketplace of Ideas
AI was sold as a tool to broaden the marketplace of ideas. Instead, a handful of platforms now control how truth travels, shaping what we see, starving journalism, and locking new AI rivals out of the data democracy needs to survive.
In 1919, Justice Oliver Wendell Holmes famously wrote that truth prevails when ideas compete freely. This marketplace of ideas metaphor has shaped our democracy: when ideas circulate and compete, truth wins out.
Red Tech and American Politics: Nick French Interviews Thomas Ferguson
Venture-backed “tech capital” is reshaping U.S. politics through campaign finance, platform gatekeeping, defense/AI procurement, and policy entrepreneurship. In an interview with Nick French, INET's Research Director Thomas Ferguson discusses these channels of influence, examining their macro-distributional consequences, and outlining guardrails to restore democratic accountability and broadly shared gains.
Nick French
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