The Sam Bankman Fried - Is That a Ponzi Scheme?

Michael Shermer stops in to talk about his new book Conspiracy: Why the Rational Believe the Irrational . He and Bridget discuss trying to diffuse the pejorative nature of the word “conspiracy”, the difference between a hypothesis and a conspiracy, why a lot of conspiracy theories turn out to be true, the eroded trust in our institutions, and why we still have to maintain some of that trust or we can’t have a civil society, and the entertainment value and appeal of conspiracy theories - they make you feel like you have an inside track on complex issues. They also cover Ponzi schemes & crypto, people who fall down a Q rabbithole, queer science, price gouging and price fixing, conscious capitalism vs. effective altruism, scientific fraud, selection bias, audience capture, and the most important factor in being able to tell the likelihood that a conspiracy is legit.

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