AI is changing how we work, but can it replace the human entrepreneur? Austrian economist Per Bylund, Senior Fellow at the Mises Institute, joins Spencer Nichols to explain why AI is a statistical engine that improves efficiency but can’t imagine the future. He argues we’re moving from an employment economy to an entrepreneurship economy, and explains what that means for jobs, innovation, and value creation.

Chapters:00:00 Austrian Economics on AI, Innovation, and Entrepreneurship02:34 Can AI Replace the Entrepreneur?05:48 Invention vs Innovation: What Bitcoin Teaches About AI06:29 From an Employment Economy to an Entrepreneurship Economy09:52 Can Regulators Keep Up With the Speed of AI?13:06 Remote Work, Capital Controls, and the Future of Money18:23 Why Every Voluntary Trade Has Two Winners26:28 The Individual vs the State in US-China Competition31:17 Steel Stockpiles, Sugar Subsidies, and the Lobbying Behind Protectionism33:36 OpenAI, Anthropic, and Regulatory Capture in AI

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