Will AI Take Your Job? What History Says

Former Senator Phil Gramm takes on the idea that government intervention saves capitalism and improves standards of living at critical points in American history. Drawing on historical evidence from the Industrial Revolution to the 2008 financial crisis, his latest book argues that this school of thinking — influential across large segments of the political class — cannot withstand serious scrutiny. In this talk, he also addresses the economic challenge of AI in historical perspective, and the capacity of workers to adapt in a free market.