Tyler Cowen on Harvard, the GOAT Economist, and Ending Stagnation

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  • เผยแพร่เมื่อ 24 ธ.ค. 2024

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  • @duvaughn5543
    @duvaughn5543 10 หลายเดือนก่อน +4

    I love Tyler. Kind and intrepid human.

  • @vinaydebrou83
    @vinaydebrou83 10 หลายเดือนก่อน

    Great questions Erik. Tyler with his flavor of clarity is a delight to listen to.

  • @stephenmcbride2529
    @stephenmcbride2529 10 หลายเดือนก่อน

    Great stuff Erik. Tyler is a perennial favourite

  • @arrogantprickly
    @arrogantprickly 10 หลายเดือนก่อน +1

    I'm no Malthusian, but I don't get what the great danger of population decline is. Normally it would be difficult to support an aging population without a sufficient labor base, but we're entering the era of AI where the economic value of labor will approach zero.

    • @maryleemackichan8711
      @maryleemackichan8711 8 หลายเดือนก่อน

      Only the value of intellectual labor (and pseudo-science) is approaching zero

  • @kreek22
    @kreek22 10 หลายเดือนก่อน +1

    I was more interested in population decline, quantitative and qualitative, 10 years ago than I am now. Biotech and AI advances have been fast enough in recent years that I no longer think population trends are predictable. Also, they may not matter at all, since I rate AI as likely to eliminate humans altogether within a few decades.
    The value of non-legibility arises from a culture that has lost trust between individuals and seeks to compensate in bureaucratic fashion. This creates scleroticism, inflexibility, lost opportunities. Another reason for excessive legibility is the ever growing reach of the state, which includes a statist/fascist preference for large corporations. Large corporations are nearly as bureaucratic as government agencies: they understand each other and prefer each other's company. The agencies like that they can outsource control functions to these corporations; the corporations benefit from regulatory capture and rent-seeking assistance. This non-legibility issue is one area in which libertarian economists really add valuable insights.
    Cowen underestimates how unhappy Americans are. They're not in a positive sum mood, for the most part. Their elite has never been so flagrantly contemptuous of the people and so grotesquely parasitic as they are now. Why he thinks things going well in places like Panama or Chile matters at all. They have very little human capital, ie, a low average IQ. The countries that matter are the core Western countries and the major East Asian countries and, possibly, India. In realist terms, the remainder simply do not matter for the human future. They cannot matter for lack of human talent.

  • @aon10003
    @aon10003 8 หลายเดือนก่อน

    But if the problem is overhead costs, then nothing you say will eork.

  • @FractalPrismGlass
    @FractalPrismGlass 10 หลายเดือนก่อน

    ❤️✌️

  • @OOCASHFLOW
    @OOCASHFLOW 10 หลายเดือนก่อน

    Bro come on.. this is great but we need to hear Tyler together with Noah too. Please get him on the other show

  • @Aedonius
    @Aedonius 10 หลายเดือนก่อน +2

    FYI, Milei was an IMF World Bank plant. Argentina had the highest IMF Debt. They needed Argentina to get its spending under control so they could get paid. Mike Benz has covered this extensively.

    • @foswa6335
      @foswa6335 10 หลายเดือนก่อน +1

      Didn’t he only suggest that he was a plant. I don’t believe he confirmed that he is a plant

    • @da_revo5747
      @da_revo5747 10 หลายเดือนก่อน +2

      Regardless, balancing the books is always a good thing