I’m very sympathetic to Prof Tabarrok’s point of view. And of course he’s right that AI hyperdeflates costs in many areas, from code to math to bio...

Balaji S. Srinivasan agrees that AI hyperdeflates costs in many areas, but warns it is also breaking markets by flooding them with scams, spam, and slop, increasing verification costs and boosting digital tribalism. He argues China has an advantage as the largest digital tribe, while the free internet will need new tools like a web3 of trust to mitigate AI's negative effects.