Resolve Riffs Investment Podcast · ReSolve Asset Management

Mike Harris: The Price of Progress: AGI, Philosophy, and the Future of Humanity

·2 hr 14 min·6 clips

Adam Butler kicks off by asking why anyone would say higher interest rates are better for working people. Mike Harris answers with a counterintuitive argument. He says low rates can encourage the wrong kind of debt expansion. Higher rates, in his view, can force a healthier adjustment. The hosts keep pressing for the mechanism behind the slogan. Harris ties the argument to the financing needs of a new round of technology. That leads to the question of how debt can be managed without creating another inflation problem. He says the answer points toward a move from fiat to digital currencies. From there, he goes further and talks about digital certificates as a tool for granular consumption control. He uses meat limits as an example of the kind of policy people have discussed. The conversation then turns to CBDCs. Harris argues that they would let authorities regulate not just money but categories of spending. In his telling, that would give policymakers a more exact instrument for controlling inflation. The hosts let him build the case before steering back to the market implications. Harris says the private sector and the policy side are both being pushed toward this architecture. He frames the shift as necessary rather than optional. The episode then widens into a discussion of AI and AGI as part of a new arms race. Harris says knowledge itself is now a strategic asset and warns that the first mover gets the advantage. He also moves into philosophy, noting how little anyone really knows about reality or what will emerge next. The conversation ends on a mutual note of respect, with the episode sounding like a serious argument about money, power, and the next technological frontier.

As heard by us

A blunt macro conversation about rates, AI, and the next layer of monetary control.

The episode takes a hard line on a counterintuitive idea: higher interest rates can still help working people. It moves from rates and inflation into debt, policy, and the push to finance a new wave of technology through a shift from fiat to digital currencies.

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Why you'd press play

If you want a macro argument that jumps from rates to AI, AGI, and CBDCs, press play today.

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