Top economists: AI may lead to deflation
2026-09-29 18:48:52
According to CoinMeta, as reported by Fortune, top economists suggest that artificial intelligence (AI) could help reduce living costs by negotiating contracts and transactions on behalf of people. However, there is disagreement among economists regarding to the extent to which AI will lead to deflation and when it will occur. On one hand, capital expenditures in certain industries are driving a high demand for limited resources and skills, thereby pushing up prices. On the other hand, improvements in productivity brought about by AI could increase efficiency and reduce costs in the long run. Professor Jeremy Siegel from the Wharton School of the University of Pennsylvania proposes that AI agents could help address affordability issues. According to the latest data from the U.S. Bureau of Labor Statistics, consumers in the United States are currently facing an inflation rate of 3.4%, which is significantly higher than the Federal Reserve's target of 2%. Professor Siegel believes that AI agents would be able to help consumers make more informed purchasing decisions, negotiate better terms, and switch service providers, thus altering their choices.
Source:Fortune
This content is for market information only and does not constitute investment advice.
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