Jared Bernstein
Jared Bernstein is an American economist who served as the 31st Chair of the Council of Economic Advisers under President Joe Biden from July 2023 to January 2025. He currently holds positions as a senior policy fellow at the Stanford Institute for Economic Policy Research and a senior fellow at the Center for American Progress. He is known for his work on federal and state economic policy, income inequality, employment trends, and as a critic of free trade agreements such as NAFTA. He previously served as chief economist to Vice President Biden in the Obama administration and held senior roles at the Economic Policy Institute and the Center on Budget and Policy Priorities.
“A new analysis from two Stanford economists finds a nearly $1 trillion gap between spending from the hyperscalers and the revenue they have taken in from AI since 2024.”
“After investors run out of patience for returns, 'the bubble will either pop or start to deflate.'”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.