Is AI the biggest productivity revolution since electricity, or are we living through another tech bubble? In this episode, we sit down with economist Bob Murphy to explore the future of artificial intelligence, from today's large language models to the possibility of AGI, humanoid robots, and an AI-driven economy. We discuss whether AI will replace jobs or create new opportunities, why Murphy believes entrepreneurs will benefit more than ever, and how falling costs could reshape nearly every industry. We also dive into AI bubbles, data centers, universal basic income, government regulation, robotics, decentralization, and the long-term economic consequences of a world where intelligent machines become a permanent part of everyday life.

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