Comment by mschuster91

> I know it's an unpopular opinion on Hacker News but I think most people are overstating the damage to the economy.

There are two issues... one being that an economy needs people to buy things to work, and people only can buy things if they have money, and people only have money when they have work - but everyone is laying off people left and right due to "AI".

The other issue is that there's trillions of dollars floating around between all the companies. It is likely that a significant chunk of these will fail and give us another 2007.