For em it seems that more decisions, in the us. At least, are being made at the city level,. minimum wage hiks, climb and change policy. Apart from whatever you think of those particular decisions, i love it because it creates more natural experiments for economists to study. That's beautiful in its way. But a lot of these are things that are are not that i'm promising, but the economists aren't going to ever be that excited about mass of minimum wage hikes.
Why is Garett Jones willing to write books about risky topics like the case for reducing democratic accountability? Is it the iconoclastic Mason econ culture? Supportive colleagues like Tyler? Those help, but what ultimately gives Garett peace of mind is that he’ll never have to go hungry because he has a broad and deep knowledge of econometric tools. It’s a skillset he recommends to all research economists precisely so they can take bigger risks in their careers—or at least be well-prepared to shape policy in an unelected position at a central bank.
Garett joined Tyler to discuss his book 10% Less Democracy, including why America shouldn’t be run by bondholders, what single reform would most effectively achieve more limited democracy, how markets shape cognitive skills, the three important P’s of the repeated prisoner’s dilemma, why French cuisine is still underrated, Buchanan vs. Tullock, Larry David vs. Seinfeld, the biggest mistake in Twitter macroeconomics, the biggest challenges facing the Mormon church, what studying to be a sommelier taught him about economics, the Garett Jones vision of America, and more.
Read a full transcript enhanced with helpful links.
Recorded January 10th, 2020 Other ways to connect