The US has a lot of incentive to not act on high inflation. For one their debts will get inflated away. Something like this happened in the 50s/60s when post world war 2 the US had a lot of debt.
Second the longer inflation remains high, the more money would flow to the US due to higher treasury yields. The biggest moat for a country for AI is the quantity of compute it has. If US remains the most preferred destination for capital then they would have a disproportionate advantage in access to compute.
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