Preview Mode Links will not work in preview mode

Hosted by David Beckworth of the Mercatus Center, Macro Musings is a podcast which pulls back the curtain on the important macroeconomic issues of the past, present, and future.

Jun 10, 2024

Lars Christensen is a founding member of the market monetarist tradition, an entrepreneur in the AI space, and is also a returning guest to Macro Musings. Lars rejoins the podcast to talk about AI and its implications for the economy and for monetary policy. David and Lars also discuss the basics and implications of dynamic pricing, AI’s growing use within econometric analysis, how AI will impact the Fed and its policymaking, and much more.


Transcript for this week’s episode.


Lars’s Twitter: @MaMoMVPY

Lars’s blog


David Beckworth’s Twitter: @DavidBeckworth

Follow us on Twitter: @Macro_Musings


Check out our new AI chatbot: the Macro Musebot!

Join the new Macro Musings Discord server!


Join the Macro Musings mailing list!

Check out our Macro Musings merch!


Related Links:


*From Merchants to Quants: The Digital Revolution in Retail* by Lars Christensen


*Less Than Zero: The Case for a Falling Price Level in a Growing Economy* by George Selgin




(00:00:00) – Intro


(00:01:16) – Lars’s Move from Macro to AI


(00:08:02) – The Basics and Implications of Dynamic Pricing


(00:16:17) – Using AI for Econometric Analysis


(00:23:54) – The Implications of AI for the Economics Field


(00:35:45) – How Will AI Impact the Federal Reserve and its Policymaking


(00:38:55) – Deflation as a Response to an AI Driven Productivity Shock


(00:52:08) – Outro


Photo Credit: Nordnet Bank