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Would AI-enabled communism work?
"Even seemingly benign forms of centralization bring myriad economic and political costs, depending on who is ultimately in control."
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Press
Big tech is bad. Big A.I. will be worse.
"History has shown us that when the distribution of information is left in the hands of a few, the result is political and economic oppression."
Press
'Power and Progress': How technology should lead to shared economic growth
Daron Acemoglu and Simon Johnson look at how technology has too often benefited the elite few and not the masses.
Press
Your electric bill shouldn't be so high. Here's how to fix it.
"Charging the right price for electricity is good economics and will allow Massachusetts to meet its climate goals more cheaply."
MIT Golub Center for Finance and Policy | The Wall Street Journal
How Federal Lending Programs Served as a Big Shadow Stimulus
It’s no secret Washington tried to prevent an even deeper economic collapse by launching a $787 billion stimulus program in 2009. What’s much less appreciated is how the federal government [...]
MIT News
New Program Helps Scientists Working on Substance Use Disorder
MIT Open Learning team awarded NIH grant to provide training in biomedical product development, entrepreneurship, and innovation.
MIT Golub Center for Finance and Policy
Federal stimulus favors wealthy investors and major companies
BY ROBERT POZEN, OPINION CONTRIBUTOR
Press
DeFi can exacerbate volatility without even avoiding middlemen, BIS reports say
"The economic forces that allow intermediaries to hold market power in traditional finance might still exist in the DeFi world."
MIT Golub Center for Finance and Policy | Source: Medium
A Traditional Economic Stimulus Won’t Work. Here’s What Might.
by Daniel Greenwald, Assistant Professor of Finance at the MIT Sloan School of Management. More countries should follow Denmark’s example. As the Covid-19 pandemic brings the U.S. economy to a standst
MIT Golub Center for Finance and Policy | Source: Promarket
Economics, Law and Finance Professors from Major Universities Write to Congress : “Bail Out People Before Large Corporations”
“Bailouts allow investors to keep all the profits in good times without bearing the losses in bad times. Instead, bailouts impose losses on taxpayers, including those most in danger of losing their […