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My podcast with Reason

With Liz Wolfe and Zach Weissmueller:

The link here contains the YouTube video, text description, and links to audio versions at reason.comhttps://reason.com/podcast/2025/01/10/tyler-cowen-why-do-we-refuse-to-learn-from-history/

Youtube page for embedding is here: https://www.youtube.com/watch?v=p-Kpyg2mFU8

Lots of about libertarianism and state capacity libertarianism, and The Great Forgetting, food at the end…interesting throughout!

Martha

Martha (Netflix): A compelling bio on Martha Stewart. Her divorce from Andrew Stewart happened more than 30 years ago so the intensity of her anger and bitterness comes as a surprise. With barely concealed rage, she recounts his affairs and how poorly he treated her. “But didn’t you have an affair before he did?” asks the interviewer. “Oh, that was nothing,” she replies waving it off, “nothing.”

Stewart’s willpower and perfectionism are extraordinary. She becomes the U.S.’s first self-made female billionaire after taking her company public in 1999. Then comes the insider trading case. The amount in question was trivial—she avoided a $45,673 loss by selling her ImClone stock early. Stewart was not an ImClone insider and not guilty of insider trading. However, in a convoluted legal twist, she was charged with attempting to manipulate her own company’s stock price by publicly denying wrongdoing in the ImClone matter. Ultimately, she was convicted of lying to the SEC. It’s worth a slap on the wrist but the lead prosecutor is none other than the sanctiminous James Comey (!) and she gets 5 months in prison. 

Despite losing hundreds of millions of dollars and control of her own company, Martha doesn’t give up and in 2015, now in her mid 70s, she creates a new image and a new career starting with, of all things, a shockingly hard-assed roast of Justin Bieber. The Bieber roast leads to a succesful colloboration with Snoop Dogg. Legendary.

Stewart is as compelling a figure as Steve Jobs or Elon Musk. Not entirely likable, perhaps, but undeniably admirable.

Wednesday assorted links

1. Martin Wolf on India and Singh (FT).

2. Britain has lost about one-third of its hedgehogs since 2000.

3. The woman who repairs the ASML machines (WSJ).

4. Traits that will cease to be valuable — good post, though I do not agree with each and every claim.

5. Canadian throat singing.  And from Siberia.

6. Bio cell and immunology claims.

7. AEA is now absurdly woke, and at just the wrong time.  I suspect they are too locked in to backpedal anytime soon.  Embarrassing.

8. In this study, a one percent increase in housing supply lowers rents by 0.19%.

9. Italian village forbids its residents from becoming seriously ill.

10. Do we need congestion taxes and birth control for wild animals?

New Year’s Day assorted links

1. The peso in Argentina is now overvalued (FT).

2. “More than 40 percent of South ­Koreans below the age of forty have stopped dating. The Korea ­Development Institute reports that, in 2020, more than 52 percent of South Koreans in their twenties preferred a childless marriage, up from about 30 percent in 2015. More than 30 percent of all ­Korean households comprise only one person.” Link here.

3. Chinese quadruped robot video.

4. The new Turing test for AI video…”… the characters often look like they’re having some kind of existential crisis about their inability to write.”

5. Zvi on DeepSeek.

6. YouTube film about Carl Menger.

7. How GLP-1 drugs shift the demand for food.

Sunday assorted links

1. Construction Physics year-end post.

2. Independence for New Caledonia?

3. Religion in the lives of some leading intellectuals, please note prophets of the Marginal Revolution.

4. Scott Sumner on immigration.

5. Schubert and his piano sonatas (NYT).

6. Trung Phan on 2024.

7. Galileo Jupiter moon discovery anniversary.

8. China’s best music of 2024?

9. End of Genesys okie-dokie, and more.  Full set on YouTube.

10. Veo 2 makes influencer videos.

Year-end CWT episode with Jeff Holmes

Here is the audio, video, and transcript.  Here is a short summary:

On this special year-in-review episode, Tyler and producer Jeff Holmes look back on the past year in the show and more, including covering the most popular and underrated episodes, fielding listener questions, reviewing Tyler’s pop culture picks from 2014, mulling over ideas for what to name CWT fans, and more.

As for an excerpt:

HOLMES: Moving on to underrated episodes, episodes that weren’t necessarily breaking download records but are still very, very good. You could think of them as a personal favorite. I’ve got my picks. Do you want to throw out a couple?

COWEN: One underrated episode was Masaaki Suzuki because most people don’t know enough about Bach to really love what he said. Plus, he had an accent; that may hurt downloads a bit. But that one, I was very fond of. Fareed Zakaria, you got to see the real Fareed. Even his son loved the episode. I don’t know how many downloads it got, but it has to be underrated. Michael Nielsen. Most are underrated. Tom Tugendhat, who did not make it to be head of the Conservative Party, but someday still might and certainly ought to be.

HOLMES: Yes, those are good picks. Masaaki Suzuki was a fan mention as well, a favorite of my wife’s, so check that one out if you haven’t. I would also throw out Stephen Kotkin, so pretty recent episode. Kotkin performed very well.

COWEN: That’s one of the best episodes of all time.

HOLMES: It clearly just established itself in the pantheon. Think about Lazarus Lake in the past, or Richard Prum, which were some of my favorites. Just as soon as you listen to it, it’s a clear favorite. If you check out the YouTube comments, many people are commenting that it’s their favorite Stephen Kotkin interview.

COWEN: And people are still listening, so that will climb in the numbers. Paula Byrne was a tremendous episode.

And this:

COWEN: We’re pleasing people too much. Is that the lesson?

Recommended.  And who else would you all like to see as guests?

Tuesday assorted links

1. Why is Trieste doing such a good job at mental health services? (FT)

2. We are losing squirrel mobility.  However Austan Goolsbee cautions us.

3. Claude analyzes this year’s CWTs.

4. More on the new Kiwi cosmology claims.

5. The economics of the Panama Canal.

6. Do all NBA teams play the same way?

7. 17 video sessions from the Progress Studies conference, very good people and talks.

8. More Anton Korinek on LLMs and reasoning.

What I’ve been reading

Emily Nussbaum, Cue the Sun! The Invention of Reality TV.  Despite its excellent reviews, I resisted buying this book for a while, because most books on TV are not good.  It is intrinsically difficult to write about the medium, and also many of the people who want to just aren’t that smart.  But the Nussbaum book is a true winner, the Candid Camera chapter alone makes it worth it.  Did you know that Richard Lewis was on the show at age 16?  Recommended, both for its entertainment and its substance value.

Africa: the Definitive Visual History of a Continent, Penguin Random House.  One of my favorite picture books of all time.  It teaches the broader history of Africa by region rather than by country.  First-rate maps and photos throughout.

Rose Lane Says: Thoughts on Race, Liberty, and Equality, 1942-1945.  A hitherto little-known corner of libertarian thought, these short essays are very good and could be a useful tonic for some of what has gone wrong.  Edited by David T. Beito and Marcus Witcher.

Emily Herring, Herald of a Restless World: How Henri Bergson Brought Philosophy to the People.  It is good to see more on Bergson in English.  I had not known that the best man at his wedding was Marcel Proust (they were cousins by marriage and Proust was not yet famous).  Still, the book did not convince me that I have been underrating Bergson.

John Callanan, Man-Devil: The Mind and Times of Bernard Mandeville, The Wickedest Man in Europe, is a good treatment of an underrated and still under-read Dutch thinker.

Marshall B. Reinsdorf and Louise Sheiner, The Measure of Economics: Measuring Productivity in an Age of Technological Change, is a very useful and well-reasoned book.

Ann Schmiesing, The Brothers Grimm: A Biography fleshes out of our knowledge of the German Romantic period.

Of interest to some is Oliver Keenan, Why Aquinas Matters Now.

Sunday assorted links

1. FT lunch with Abhijit Banerjee.  And his new book.

2. It seems Niall Ferguson has converted to Christianity?

3. Irish video warning California about its housing policies.

4. “Rwanda, Ethiopia, Ivory Coast and Tanzania, for example, are projected to grow by at least 6%.

5. All We Imagine as Light is an excellent movie.

6. Drone data at nuclear power plants.

7. Some AI policy issues to come.

*The Return*

I rarely like adaptations of classics on the big screen, but I give this one (trailer) high marks.  Ralph Fiennes plays Odysseus and Juliette Binoche has the role of Penelope — you cannot imagine better castings.  The film is fully serious, and understands the classic text extremely well, without being slavish to it.  It understands the implicit politics in the story.  And while you know the ending (more or less), it is truly dramatic and suspenseful at the psychological level.  Don’t be put off by the so-so reviews, how many film critics today have a decent command of Homer?