{"id":198564,"date":"2026-03-23T17:38:00","date_gmt":"2026-03-23T21:38:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/03\/23\/economists-weigh-consequences-of-war-tariffs-ai-harvard-gazette\/"},"modified":"2026-03-23T18:10:12","modified_gmt":"2026-03-23T22:10:12","slug":"economists-weigh-consequences-of-war-tariffs-ai-harvard-gazette","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/03\/23\/economists-weigh-consequences-of-war-tariffs-ai-harvard-gazette\/","title":{"rendered":"Economists weigh consequences of war, tariffs, AI \u2014 Harvard Gazette"},"content":{"rendered":"

Economists weigh consequences of war, tariffs, AI \u2014 Harvard Gazette<\/a><\/p>\n

https:\/\/news.harvard.edu\/gazette\/story\/2026\/03\/economists-weigh-consequences-of-war-tariffs-ai\/<\/a><\/p>\n

Publish Date: 2026-03-23 17:38:00<\/a><\/p>\n

Source Domain: news.harvard.edu<\/a><\/p>\n

Here is a concise summary of the article using an unordered list format:<\/p>\n

– The “jobless recovery” from the 2008 global financial crisis was characterized by severe job losses in the U.S. and Western Europe, driven by firms automating jobs rather than rehiring.<\/p>\n

– Gita Gopinath from Harvard warned that the current labor market threats due to artificial intelligence (AI) are of a much larger magnitude, posing significant risks in the event of a future recession. <\/p>\n

– The conversation at the \u201cFrom The Studio\u201d FAS Symposium highlighted urgent global economic issues including geopolitical tensions, shifting trade alliances, and technological disruption, moderated by Ralph Ranalli. <\/p>\n

– Carmen M. Reinhart discussed the broader economic impacts of an extended U.S.-Iran conflict, pointing out increased costs for food, fertilizer, and shipping leading to higher inflation risks.<\/p>\n

– Dani Rodrik expressed concerns about the long-term psychological impacts of cumulative global crises that could undermine the optimism sustaining the U.S.-dominated economy. However, the new war has also bolstered the U.S. dollar’s standing.<\/p>\n

– Reinhart suggested that capital controls might be a factor to trigger a shift away from the dollar if no viable alternatives exist at the moment.<\/p>\n

– There was also a discussion on the potential societal impacts of AI, including whether it represents a significant investment bubble and the potential for it to democratize access to skills and knowledge. However, there is limited democratic engagement to channel its benefits to the common good. <\/p>\n

– Gopinath further explained that AI could disrupt the traditional tax base where labor income has been a primary source of public revenue, suggesting the need for higher capital income taxes if AI reduces labor share significantly.
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