We could have a really large negative wealth effect if the AI bubble pops, says Jared Bernstein

In a New York Times oped that's out this morning, President Biden's former chief economist says that it's time to call the third bubble of our century the AI bubble. Joining us right now is Jared Bernstein. He served as the former President Biden's Council of Economic Advisors chairman.He's now a policy fellow at the Stanford Institute for Economic Policy Research. And Jared, thank you for joining us this morning. Uh this is a big call.You you think that what we're seeing right now officially is a bubble. W ...