When Does AI Show Up In the Economy?
DeepSeek adds urgency to the job-loss debate, why the China bubble never quite popped and a democratic case against Fed independence
Welcome to the weekend, and to February.
This week brought us several different flavors of chaos, from the panic about DeepSeek’s cheaper AI model to the frenzied 48 hours of a federal funding freeze. But as the dust settles and markets broadly recover their losses, we’re left wondering: what difference will it make, if any? It’s time to step back and think in decades rather than days or years.