Ep 72 | Brian Wesbury | Can AI Make a Pencil? | ROI Podcast

Brian Wesbury discusses the implications of a new Fed Chair, how the conflict in Iran may impact inflation, and whether or not AI can make a pencil. --- 00:00 Warsh Named Fed Chair 03:58 Powell Stays And The Fed Splits 07:40 QE Turns Monetary Policy Political 12:27 Scarce Versus Abundant Reserves 16:24 Mark To Market And The QE Myth 19:31 Fed Losses And The T Bills Idea 19:31 War In Iran And Oil Shock Risk 28:09 Oil Prices Versus Money Supply Inflation 31:23 Why AI Cannot Make A Pencil 41:53 AI Jobs Fears And Profit Hype 49:48 Restoring Trust In Capitalism 54:30 Final Takeaways And Farewell --- #ROIPodcast #FirstTrust #ArtificialIntelligence #AI #FederalReserve #Inflation #Economics #QuantitativeEasing #Capitalism #InterestRates #MoneySupply #FinancialMarkets #InvestmentStrategy #MacroEconomics #Innovation