Raoul Pal
Raoul Pal|8月 12, 2026 18:31
AI and robots are our way out of the debt trap. I know that sounds insane… but when you play it through, it's the only story that adds up. Every economy on earth runs on population plus productivity plus debt. When the first two stall, the only lever left is to pile on debt to hold the line. That's why debt to GDP has climbed across the developed world for decades, and no policy or austerity package has ever managed to stop it. But here's what changes it. AI and robots become the new workforce… One that doesn't age or retire, and never asks for a raise or a pension. When this scales productivity moves again, GDP outgrows debt, and debt to GDP starts falling for the first time in a generation. We saw it happen in the 1950s when America's post-war productivity boom cut debt to GDP in half. What's coming next is a much bigger version of that… The moment technology creates enough productivity to break the debt spiral for good. That's the Economic Singularity I've been telling you about.(Raoul Pal)
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