Raoul Pal: AI-driven efficiency in food, goods and services =
"A deflationary nuclear bomb - the most deflationary force the world has ever seen."
So what does that do to interest rates? The Fed? The entire business cycle?
Humans still win because "there's one thing we can do that the machines can't, and that is to be human."
No human has beaten a computer at chess in 35 years - yet the chess industry is the largest it's ever been.
We just want to watch humans compete.
FT @RaoulGMI@RealVision.