A society only produces so much wealth. It can then consume it. Or, it can save and invest...so as to produce more in the future. The real ‘political’ question is: who decides?
AI isn’t about to change everything, it’s already here. And I don’t want to scare you… But it’s crucial you know everything you can about what’s already here, and what’s coming next.
Reducing trade deficits also means reducing the number of US dollars that end up in foreign hands. Those dollars are typically recycled into US bonds. That’s the way the fake money model works.