Banking Collapse and Crypto Illusions

The last time economist Tyler Cowen was on Honestly about a year ago, inflation was the highest it had been in 40 years, gas prices were nearly $7 a gallon in many parts of the country, and Russia's invasion of Ukraine was leading to a lot of fears about breadlines and nuclear war. A lot has changed since then. Especially in the last two weeks.

Today, Cowen is back on the show to once again explain: what the heck is going on with the economy!? We talk about the collapse of Silicon Valley Bank, the psychology of bank runs, whether or not we’re seeing a larger banking crisis, recession anxiety, persistent inflation, a beleaguered tech industry, the seduction of crypto in this moment and the potential salvation of AI. Plus, how many hours Tyler spends on ChatGPT each day, what he thinks of his interview with Sam Bankman-Fried, how altruism is a form of power and why Silicon Valley is a scapegoat.

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