AI may prove disinflationary because agents can negotiate contracts and deals to make your life cheaper, says top economist
Fortune 33
Economists including Wharton’s Jeremy Siegel say AI agents that can comparison-shop, negotiate, and switch providers could make consumer costs lower and potentially ease inflation pressure. U.S. consumers are facing inflation of 3.4%, above the Federal Reserve’s 2% target. If these agents spread widely, competition could increase by removing switching friction tied to “inertial monopolies,” though the OECD warns consumers may need higher AI and financial literacy to use the tools safely.
