AI Raises $400 Billion in Debt This Year as Mark Thornton Flags Risks to All Paper Dollar Assets

Economist Mark Thornton of the Ludwig von Mises Institute warns about the financing of artificial intelligence projects. Bonds with 30-year maturities fund equipment lasting roughly three years, creating a risky mismatch. AI-linked debt has topped 400 billion dollars this year and forms a large share of new corporate bond supply.