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.


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53 | Solo -- On Morality and Rationality

53 | Solo -- On Morality and Rationality

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52 | Frank Lantz on the Logic and Emotion of Games

52 | Frank Lantz on the Logic and Emotion of Games

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51 | Anthony Aguirre on Cosmology, Zen, Entropy, and Information

51 | Anthony Aguirre on Cosmology, Zen, Entropy, and Information

Cosmologists have a standard set of puzzles they think about: the nature of dark matter and dark energy, whether there was a period of inflation, the evolution of structure, and so on. But there are a...

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50 | Patricia Churchland on Conscience, Morality, and the Brain

50 | Patricia Churchland on Conscience, Morality, and the Brain

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49 | Nicholas Christakis on Humanity, Biology, and What Makes Us Good

49 | Nicholas Christakis on Humanity, Biology, and What Makes Us Good

It's easy to be cynical about humanity's present state and future prospects. But we have made it this far, and in some ways we're doing better than we used to be. Today's guest, Nicholas Christakis, i...

3 Juni 20191h 54min

48 | Marq de Villiers on Hell and Damnation

48 | Marq de Villiers on Hell and Damnation

If you're bad, we are taught, you go to Hell. Who in the world came up with that idea? Some will answer God, but for the purpose of today's podcast discussion we'll put that possibility aside and look...

27 Maj 20191h 11min

47 | Adam Rutherford on Humans, Animals, and Life in General

47 | Adam Rutherford on Humans, Animals, and Life in General

Most people in the modern world — and the vast majority of Mindscape listeners, I would imagine — agree that humans are part of the animal kingdom, and that all living animals evolved from a common an...

20 Maj 20191h 38min

46 | Kate Darling on Our Connections with Robots

46 | Kate Darling on Our Connections with Robots

Most of us have no trouble telling the difference between a robot and a living, feeling organism. Nevertheless, our brains often treat robots as if they were alive. We give them names, imagine that th...

13 Maj 20191h 6min

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