Technology & Innovation
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Time Bomb: How Uninsured Stablecoins and Crypto Derivatives Threaten Financial and Economic Stability
Oct 6, 2025
The GENIUS Act is a disastrous law that poses grave and unacceptable threats to our financial and economic future. Congress must remove those threats by (1) repealing the GENIUS Act and passing legislation that requires all stablecoin providers to be FDIC-insured banks, and (2) adopting legislation that requires all crypto derivatives to comply with the rules governing non-digital derivatives under Title VII of the Dodd-Frank Act.
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The AI Bubble and the U.S. Economy: How Long Do “Hallucinations” Last?
Oct 2, 2025
This paper argues that (i) we have reached “peak GenAI” in terms of current Large Language Models (LLMs); scaling (building more data centers and using more chips) will not take us further to the goal of “Artificial General Intelligence” (AGI); returns are diminishing rapidly; (ii) the AI-LLM industry and the larger U.S. economy are experiencing a speculative bubble, which is about to burst.
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Working Paper
The AI Bubble and the U.S. Economy: How Long Do ‘Hallucinations’ Last?
Sep 2025
This paper argues that (i) we have reached “peak GenAI” in terms of current Large Language Models (LLMs); scaling (building more data centers and using more chips) will not take us further to the goal of “Artificial General Intelligence” (AGI); returns are diminishing rapidly; (ii) the AI-LLM industry and the larger U.S. economy are experiencing a speculative bubble, which is about to burst.
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Economists Warn: Trump’s Intel Move Looks Like Performance, Not Policy
Aug 26, 2025
Two economists who have studied Intel warn that Trump’s move to take a stake in the company amounts to flashy optics, incoherent strategy, and a creeping politicization of economic policy.
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Jim Chanos on Crypto, AI, and Casino Capitalism
Aug 26, 2025
The famed short-seller reminds us that technology might advance, but we’re still a pretty predictable bunch of apes.
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AI, Antitrust & Privacy: When More Competition Makes Things Worse
Jul 7, 2025
Without strong privacy laws and aligned incentives, increased AI competition worsens surveillance, manipulation, and disinformation—threatening privacy, autonomy, and democracy.
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Working Paper
AI, Antitrust & Privacy
Jul 2025
We typically view competition as a positive force that lowers prices, improves quality and service, and increases variety. However, competition can sometimes be toxic.
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Ex-CISA Official Warns: We’ve Gutted Cybersecurity—A Gift to Iran, China and Russia
Jun 30, 2025
Dr. David Mussington, cybersecurity expert with two decades of experience, reveals why the clock is ticking on U.S. vulnerabilities under Trump.
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The Inflation Reduction Act’s Impact on Pharmaceutical Innovation: What Real Evidence Shows
Jun 26, 2025
Has the Inflation Reduction Act hindered pharmaceutical innovation? Evidence shows that the pharma industry can strategically manage disruptive change.
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Steering AI to Enhance Jobs and Prepare for Future Transformation
May 29, 2025
How to guide innovative AI efforts to increase labor demand and create better-paying jobs?
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Working Paper
Steering Technological Progress
May 2025
We need a dual approach to AI: steer technology in the short term while building new systems for the long term.
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Rethinking Pharmaceutical Innovation Policy
May 19, 2025
Misaligned incentives account for many of the most troubling features of the pharmaceutical industry’s present practices and performance.
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Breaking the Moat: DeepSeek and the Democratization of AI
Feb 10, 2025
DeepSeek’s appearance is changing the AI landscape in more ways than we might think.
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Beyond Industrialism: Building Communities That Work for People
Jan 30, 2025
Fred Block, Research Professor of Sociology at UC Davis, joins Rob Johnson to discuss his latest book, The Habitation Society, which explores the need to move beyond industrial-era economic models to create an economy that prioritizes community well-being. Block critiques how economic policies have fueled inequality and stagnation while offering solutions—such as restructuring public finance—to foster prosperity for all.
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International Conference on Artificial Intelligence (Al), Privacy, and Governance
ConferenceNov 30–Dec 2, 2024
This conference aims to explore important issues of economics of AI, good governance, humanization of AI technologies, privacy, considerations of creative thinking and imagination, and take a comprehensive look at the challenges and opportunities of AI technologies.