205 | John Quiggin on Interest Rates and the Information Economy

205 | John Quiggin on Interest Rates and the Information Economy

The idea of an "interest rate" might seem mundane and practical, in comparison to our usual topics around here, but there is a profound philosophical idea lurking in the background: if you lend me money now against the promise of me paying you back more in the future, I am relating the different values that a certain sum has to me at different moments in time. Traditionally, the interest rates set by the government have been a major tool for influencing the economy, but in recent decades they have increasingly fallen near zero. John Quiggin relates this change to the shift from manufacturing to an information economy, and we talk about what that means for the public interest in having information be reliable and widely available. And yes, there is a bit about crypto.

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John Quiggin received his Ph.D. in economics from the University of New England. He is currently a VC Senior Fellow in Economics at the University of Queensland. He is a Fellow of the Econometric Society and the Academy of the Social Sciences in Australia. Among his books are Zombie Economics: How Dead Ideas Still Walk Among Us and Economics in Two Lessons: Why Markets Work So Well, and Why They Can Fail So Badly.


Jaksot(416)

AMA | September 2025

AMA | September 2025

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327 | Cass Sunstein on Liberalism

327 | Cass Sunstein on Liberalism

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326 | Natalie Batalha on What We Know and Will Learn About Exoplanets

326 | Natalie Batalha on What We Know and Will Learn About Exoplanets

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325 | Alvy Ray Smith on Pixar, Pixels, and the Great Digital Convergence

325 | Alvy Ray Smith on Pixar, Pixels, and the Great Digital Convergence

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18 Elo 20251h 26min

324 | Elizabeth Mynatt on Universities and the Importance of Basic Research

324 | Elizabeth Mynatt on Universities and the Importance of Basic Research

It is not manifestly obvious that universities should be where most scholarly research is performed. One could imagine systems that separated out the tasks of "teaching students" and "generating new k...

11 Elo 20251h 13min

AMA | August 2025

AMA | August 2025

Welcome to the August 2025 Ask Me Anything episode of Mindscape! These monthly excursions are funded by Patreon supporters (who are also the ones asking the questions). We take questions asked by Patr...

4 Elo 20253h 39min

323 | Jacob Barandes on Indivisible Stochastic Quantum Mechanics

323 | Jacob Barandes on Indivisible Stochastic Quantum Mechanics

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28 Heinä 20252h 58min

322 | Philip Pettit on Language, Agency, Politics, and Freedom

322 | Philip Pettit on Language, Agency, Politics, and Freedom

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