Peter Thiel, Cowenian

Arnold Kling

By Arnold Kling, Jan 20 2011

In an interview, Thiel says,

the problem was that everybody had tremendous expectations that the country was going to be a much wealthier place in 2010 than it was in 1995, and in fact there’s been a lot less progress. The future is fundamentally about technology in an advanced country — it’s about technological progress. So a credit crisis happens when the technological progress is not as good as people expected.

Did he get an advance copy of Tyler’s new book?

The Great Reconfiguration, Again

Jim Tankersley writes, The Great Recession wiped out what amounts to every U.S. job created in the 21st century. But even if the recession had never happened, if the economy had simply treaded water, the United States would have entered 2010 with 15 million fewer jobs than economists say it should have. Thanks to Tyl...

Jan 20 2011

Behavioral Economics

Media Bias Bias

Bryan Caplan

Question: Why is bias in the media so much more on our minds than bias in the schools? Both the media and schools are largely in left-wing hands - and the content reflects this fact. But consider the stark contrast between the two. Schools, unlike the media, largely target impressionable youth. Schools, unlike...

Jan 20 2011

Economic Growth

Peter Thiel, Cowenian

Arnold Kling

In an interview, Thiel says, the problem was that everybody had tremendous expectations that the country was going to be a much wealthier place in 2010 than it was in 1995, and in fact there's been a lot less progress. The future is fundamentally about technology in an advanced country -- it's about technological prog...

Peter Thiel, Cowenian

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The Great Reconfiguration, Again

Media Bias Bias

Peter Thiel, Cowenian