Interview with Tyler Cowen

From the Richmond Fed, here it is, on the path of my career, how macro has changed, avian flu, blogging, the arts, and of course cuisine, among other topics.  Excerpt:

My prediction is that, in general, welfare states will increase in size in most places around the world.  We can expect most areas of the world to become wealthier because of globalization as well as other reasons.  And if you look at countries that are wealthy, they tend to have very generous welfare states.  Also, I believe that the human desire for security is extremely strong, even when it is not efficient or rational.  So as long as we experience economic growth, I think we can expect welfare states to grow.


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