Interview: From Creditism to Cognitism — The Next Economic Revolution
Posted October 11, 2026
I recently joined Lane Kawaoka on The Wealth Elevator Podcast to discuss how our economic system has evolved since the US abandoned the gold standard in 1971 — and how artificial intelligence may be about to transform it again.
We explored how the enormous expansion of credit has reshaped the global economy, fueled extraordinary wealth creation, helped turn China into a superpower, and financed the AI revolution.
We also discussed the escalating AI arms race between the US and China, the massive investments in energy and technology that it will require, and the growing risk that inflation and higher interest rates could bring today’s extraordinary asset price boom to an abrupt end.
Finally, I introduced Cognitism, my term for a new economic system that could emerge as artificial intelligence and robotics overcome the constraints of limited human intelligence and labor.
Could we be approaching the greatest economic transformation in history? And what will it mean for investors?
Watch my interview with Lane Kawaoka on The Wealth Elevator Podcast.
Watch this interview now!
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