Samuel Hammond, Chief Economist at the Foundation for American Innovation, assesses the competitive landscape between the United States and China in robotics and hardware manufacturing.
Prediction Not checkable as stated
Hammond: AI will deflate US knowledge work while China automates manufacturing
“The last 40 years we've specialized in, you know, higher education, knowledge work, legal management services, Hollywood, you know, the creative class, all this stuff that is going to like be deflated and China will have the factories that will become fully au…”
Opinion
Hammond: Failing to enforce the TikTok ban is Trump's most unconstitutional act
“The biggest, the most unconstitutional thing he's done today is not enforce the TikTok ban. Cause that was a direct, you know, statute that Congress passed that said that shall ban TikTok.”
Prediction Not checkable as stated
Hammond: Abruptly resetting global trade imbalances will crash stocks and real estate
“If you do this all at once, what that means is the entire floor will fall out of the stock market and the real estate market. And, you know, with huge cascading effects through emerging calls.”
Opinion
Hammond: China distorts trade via suppressed consumption and overproduction, not currency
“China was a currency manipulator through throughout a lot of the 2000 and early 20 tens, but it really, that really hasn't been the main way that they cheat. They cheat by basically suppressing household consumption and, you know, having these 60% saving or sa…”
Assertion Supported
Hammond: Nvidia continually circumvents export controls with sub-threshold chips like the H20
“Every time we introduce an expert control, NVIDIA's two weeks later has a new chip that just gets under the line of what's being controlled. And the latest one is the H-Twenty.”
Prediction Not checkable as stated
Hammond: AI systems will swamp all other economic issues by 2029
“In four years we're going to have such powerful AI systems that like really it swamps everything else.”