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Fortune
Fortune
Nick Lichtenberg

One of the world’s most popular economists on why AI is ‘undoubtedly going to crash’: It’s built on ‘digital lettuce’—and the U.S. will be just fine anyway

David McWilliams (Credit: Conor McCabe Photography)

David McWilliams is shaking off the jet lag after his trip from Ireland to Los Angeles as he opens a Zoom call and logs on with Fortune. The widely read (and listened to) economist, with hundreds of thousands of followers on X and an economics podcast with claims to be Europe’s most popular, McWilliams is also, frankly, a very nice and affable man. He regales Fortune with tales of his adventures in New York City in the late 1980s, when he spent a summer working at the Red Lion on Bleecker Street, a job he got from “an uncle of a friend of mine.”

A Dubliner, McWilliams landed in the U.S. just 24 hours before talking to Fortune, as he was starting on a nationwide tour for the release of his History of Money, a widely acclaimed, international bestseller released in Europe in 2024. (In a blurb, Bono called it a “swashbuckling epic of grand sweeps and tight close-ups.”) McWilliams told Fortune he already sensed something different about America: “You kind of feel the boominess of the place, right?” He related his astonishment at getting in an Uber and being bombarded with a driver’s speculative initiatives. “Within two minutes, he was talking about the stock market, Bitcoin, AI, Nvidia, the whole thing. And I’m, like, driving down Sunset Boulevard with this guy, right?”

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