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Powell says that, unlike the dotcom boom, AI spending isn’t a bubble: ‘I won’t go into particular names, but they actually have earnings’ (fortune.com)

submitted 1 month ago by cm0002@lemmy.zip to c/usa@midwest.social

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The entire US economy right now is 7 companies sending a trillion fake dollars back and forth to each other, but it's totally not a bubble according to grampa Powell.

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[–] ScoffingLizard@lemmy.dbzer0.com 2 points 1 month ago

Best I can do is print more money for a huge bailout that devalues the currency by 50%. Sorry you'll never save a decent amount of money because we steal it all.