Macroeconomic Policies for AI

Lambert here: The authors write: “We model advances in AI as a rise in the share of tasks that can be automated. This shock increases productivity and potential output, but also opens up the possibility that capital may displace labour in production.” Nobody seems to give consideration to a different model: With AI, capital does displace labour in production, with at best no increase in productivity, but with a decrease in output quality.

Trump and Kennedy Seek to Relax Safeguards for AI Healthcare Tools

Lambert here: I’ll bet. As you will, too, taking your life into your hands with that stuff.

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“Trump and Kennedy Seek To Relax Safeguards for AI Healthcare Tools” [Darius Tahir, KFF Health News].

Paul Boyer, a psychotherapist for Kaiser Permanente in Oakland, California, is experiencing the AI revolution firsthand. He’s a little underwhelmed.

Goodnight, Moon 2026-05-14

“Is Hotel Shampoo and Conditioner Safe to Use? Experts Explain” [Mental Floss]:

Are you the kind of traveler who carefully packs TSA-approved shampoo and conditioner from home, or do you happily use whatever liquid is bolted to the hotel shower wall?

I loathe soap and shampoo dispensers because they don’t lather up properly. But I didn’t know I had to worry about them: