Arnold Kling on Twitter, FTX, and ChatGPT

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4.7 • 4.3K Ratings

🗓️ 19 December 2022

⏱️ 60 minutes

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Summary

Economist and author Arnold Kling talks with EconTalk host Russ Roberts about the recent drama in the tech world--Elon Musk's acquisition of Twitter, the collapse of FTX, and the appearance of ChatGPT. Underlying topics discussed include the potential for price discrimination to make social media profitable, whether you could tell Jeff Bezos from Sam Bankman-Fried early on, and the role of human beings in the world of artificial intelligence.

Transcript

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0:00.0	Welcome to Econ Talk, Conversations for the Curious, part of the Library of Economics and Liberty.
0:07.8	I'm your host, Russ Roberts of Shalem College in Jerusalem and Stanford University's Hoover
0:12.6	Institution.
0:13.9	Go to econtalk.org where you can subscribe, comment on this episode and find links and
0:18.5	other information related to today's conversation.
0:21.2	You'll also find our archives, but every episode we've done going back to 2006.
0:26.8	Our email address is mail at econtalk.org.
0:30.3	We'd love to hear from you.
0:32.3	Today is December 11th, 2022, and my guest is author and economist Arnold Kling.
0:43.5	Arnold has a very nice, sub-stack account called In My Tribe.
0:47.1	This is his 18th appearance on econtalk.
0:49.3	He was last year in October of 2021 talking about reforming government.
0:54.8	Arnold, welcome back to econtalk.
0:57.5	Thanks, I'm chasing Mike Munger, I think.
0:59.6	Yeah, we all are by definition.
1:04.3	You're definitely on the top five.
1:05.7	You might be two or three.
1:06.7	I can't, I don't know exactly where you are, but Mike might be untouchable, we'll see.
1:16.6	Our topic for today is a number of recent developments in the tech world.
1:20.8	I want to start with talking about Twitter.
1:25.6	What are your thoughts on Elon Musk's acquisition and its significance in general for social
1:32.0	media that he's taken a very...
	...

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