Mudit Kapoor

Quantitatively the Economy seems to be on an ⬆️trend, however, the quality of its discussion seems to be on ⬇️ trend - “Felt reality” is a novel measure of the Economy! Reminded me of an old joke “if a neighbor looses a job it’s recession but if I loose a job it’s depression.”

I was reading Politics and the English Language (Orwell) & a statement made a lot of sense - “people…whose opinions are often all the more extreme because they know that they cannot influence the actual drift of events.”

What amazes me about the GDP growth debate is how much rhetoric gets spent, on both sides, on what is fundamentally a miscalculation - or, less charitably, a mischievous analysis. On a positive note, GROWTH is being discussed.

All things considered: the fact that there is greater emphasis on Growth rather than Redistribution in our discourse on the Economy is a very positive development.

Could there be a modified version of Amara’s Law, where we are overestimating the short run negative effect of AI and underestimating the long run benefits.