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(424)

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23 | Lisa Aziz-Zadeh on Embodied Cognition, Mirror Neurons, and Empathy

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21 | Alex Rosenberg on Naturalism, History, and Theory of Mind

21 | Alex Rosenberg on Naturalism, History, and Theory of Mind

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20 | Scott Derrickson on Cinema, Blockbusters, Horror, and Mystery

20 | Scott Derrickson on Cinema, Blockbusters, Horror, and Mystery

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29 Loka 20181h 23min

19 | Tyler Cowen on Maximizing Growth and Thinking for the Future

19 | Tyler Cowen on Maximizing Growth and Thinking for the Future

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18 | Clifford Johnson on What's So Great About Superstring Theory

18 | Clifford Johnson on What's So Great About Superstring Theory

String theory is a speculative and highly technical proposal for uniting the known forces of nature, including gravity, under a single quantum-mechanical framework. This doesn't seem like a recipe for...

15 Loka 20181h 12min

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The job of science fiction isn't to predict the future; it's to tell interesting stories in an imaginative setting, exploring the implications of different ways the world could be different from our a...

8 Loka 20181h 11min

16 | Coleen Murphy on Aging, Biology, and the Future

16 | Coleen Murphy on Aging, Biology, and the Future

Aging -- everybody does it, very few people actually do something about it. Coleen Murphy is an exception. In her laboratory at Princeton, she and her team study aging in the famous C. Elegans roundwo...

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