Conversations with Tyler

Conversations with Tyler - Hallgatás Online

Tyler Cowen engages today's deepest thinkers in wide-ranging explorations of their work, the world, and everything in between. New conversations every other Wednesday. Subscribe wherever you get your podcasts.
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Epizód összefoglalója

Liaquat Ahamed has spent years making central bankers into compelling characters. His 2009 book Lords of Finance won the Pulitzer Prize for its account of the bankers whose decisions helped cause the Great Depression; his new book, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World, tells a stranger story — a severe deflationary crisis that barely dented global growth but poisoned politics for a generation. Tyler pushes him hard on the central puzzle of those two books — why did one financial crisis derail the world, while another left growth almost untouched? Tyler and Liaquat start with that puzzle before moving through Gladstone's startlingly self-interested bet on Egyptian bonds, Bismarck's role in destroying bimetallism and deflating the world economy for two decades, whether a global silver or symmetallic standard could have worked, Britain's fateful decision to re-peg the pound to gold in 1926, Hjalmar Schacht's transformation from the economist who stabilized…

Epizódok

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Liaquat Ahamed on Financial Crises, Gold, and the Lessons of 1873

Liaquat Ahamed has spent years making central bankers into compelling characters. His 2009 book Lords of Finance won the Pulitzer Prize for its account of the bankers whose decisions helped cause the Great Depression; his new book, 1873: The Rothschilds, the First Great Depression, and the Making of the Modern World, tells a stranger story — a severe deflationary crisis that barely dented global growth but poisoned politics for a generation. Tyler pushes him hard on the central puzzle of those two books — why did one financial crisis derail the world, while another left growth almost untouched? Tyler and Liaquat start with that puzzle before moving through Gladstone's startlingly self-interested bet on Egyptian bonds, Bismarck's role in destroying bimetallism and deflating the world economy for two decades, whether a global silver or symmetallic standard could have worked, Britain's fateful decision to re-peg the pound to gold in 1926, Hjalmar Schacht's transformation from the economist who stabilized…

14 okt. 2026
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Luis Garicano on Spain, Europe, and the Future of Work

Luis Garicano has one of the more unusual résumés in economics: trained at the University of Chicago Booth School under Gary Becker, Kevin Murphy, and Sherwin Rosen, he left academia for a stint as a member of the European Parliament before returning to research, now at the London School of Economics for a second time. His new book, Messy Jobs, co-authored with Jin Li and Yanhui Wu, argues that AI won't cause mass unemployment for a surprising reason: it will make jobs messier, not simpler, and messiness is precisely what AI struggles with. Tyler and Luis start their conversation with Spain — housing, NIMBYism, and the productivity crisis; Spanish literature and why the Civil War still looms so large; and what Chicago taught Luis about party discipline in European politics. Then to the EU's unanimity problem, capital markets, and Denmark's flexicurity model; a round of overrated-versus-underrated on Rosalía, Penélope Cruz, and Sgt. Pepper's; and finally into Messy Jobs — why retraining programs fail, whether…

30 szept. 2026
471-

Gita Gopinath on Trade, Currencies, and Economic Transformation

Gita Gopinath has spent the last several years inside the room where the world's monetary plumbing gets fixed — or doesn't. As first deputy managing director of the IMF and, before that, the Fund's chief economist, she worked on sovereign debt restructuring, followed Argentina's disinflation up close, and built her academic reputation on ideas like dollar dominance and the dominant currency paradigm. Now back at Harvard launching a new Global Economics Lab, her conversation with Tyler ranges from why exchange rates don't adjust the way models predict, to what stablecoins really cost, to whether AI's growth dividend will show up on schedule. Tyler and Gita discuss why trade balances are only weakly related to real exchange rates, before turning to Argentina, Milei's fiscal discipline, the peso, and dollarization. Then they discuss whether economists got the euro wrong; whether trade imbalances with China are really the problem; stablecoins, CBDCs, and the Treasury market; and whether AI will ease the debt…

23 szept. 2026
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Annie Lowrey on the Time Tax, Fraud, and Rationing by Paperwork

Annie Lowrey's new book, The Time Tax, argues that the most regressive levy in American life is the hours each of us must spend on hold, in waiting rooms, and filling out forms a competent state would have pre-filled — roughly fifty a year on average, and far more if you're poor. Tyler spends much of this conversation pressing the opposite case, asking whether that bureaucracy is quietly serving a useful purpose by rationing knee surgeries that don't work, deterring fraud, or screening for immigrants with gumption. So Tyler and Annie hash it out over an hour, covering why TANF and other welfare programs are the worst offenders, the political economy of submerged benefits like the child tax credit, whether the postal service should be zeroed out over ten years the way Denmark did, whether the government should be nudging people out of rural areas, lessons from the COVID unemployment fraud, areas where the time tax is flat instead of regressive, which private sector time taxes are most onerous, whether AI…

16 szept. 2026
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Jared Diamond on Leaders, Luck, and Irreplaceability

Is leadership overrated? That's one simple reading of what Jared Diamond argues in his new book. Asked by Tyler to name the least replaceable leader in human history, Jared declines to name one — not Christ, the Roman Empire having had prophets to spare — and observes that even Genghis Khan happened to be born at an auspicious moment for a conqueror of the steppes. Conditions ripen; somebody turns up. So which leaders do make a difference? Tyler and Jared debate that question, including conditions what a religious founder needs to succeed, whether destructive leaders matter more than constructive ones, why individual leaders have mattered so little in Papua New Guinea, whether we undervalue preventers, how much Rachel Carson and the Resnicks really mattered, whether Botswana's success will endure, Jared's own place in intellectual history, and what he'd tell an ambitious 25-year-old about how to become consequential. They go on to cover whether New Guineans are smarter, his reasons for why the Industrial…

09 szept. 2026