In other words they will print to win the AI arms race and then they will print to fund the UBI. Only thing you can't print is energy and gold/bitcoin have yet to figure that out
If AI doesn’t work, it will risk recession, blowing out fiscal deficits into insufficient foreign UST demand. If AI works, it will undermine the U.S. fiscal position (~half of US Federal receipts come from employment), blowing out deficits into insufficient foreign UST demand.
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