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Unexplainable

Embracing economic chaos

Unexplainable

Vox

Science, Natural Sciences, Life Sciences

4.62.4K Ratings

🗓️ 3 July 2024

⏱️ 30 minutes

🧾️ Download transcript

Summary

Can a physicist predict our messy economy by building an enormous simulation of the entire world? For show transcripts, go to vox.com/unxtranscripts For more, go to vox.com/unexplainable And please email us! unexplainable@vox.com We read every email. Support Unexplainable by becoming a Vox Member today: vox.com/members Please take a second to help us learn more about you! vox.com/podcastsurvey Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

Click on a timestamp to play from that location

0:00.0

How dole custom orders work on Krakhan?

0:03.0

Imagine I'm a music producer, dialing in my newest track.

0:07.0

Need more bass? Crank it?

0:09.0

Vocal's not popping. Double it up.

0:11.0

Want a bigger sound? Hit that reverb. Hard. That's custom orders on

0:16.5

Cracken. Complete control over your crypto trades. Go to Cracken.com and see

0:21.0

what crypto can be. Don't invest unless you're prepared to lose all the money you invest.

0:25.0

This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:31.0

So you've arrived. You head to the brasserie, then the terrace, cocktail?

0:37.0

Don't mind if I do.

0:40.0

You raise your glass to another guest because you both know the holidays just beginning.

0:45.2

Passengers please proceed to game.

0:46.7

And you're only in Terminal 3.

0:49.3

Welcome to Virgin Atlantic's unique upper class clubhouse experience where you'll feel like

0:54.8

you've arrived before you've taken off.

0:58.4

Virgin Atlantic, see the world differently.

1:15.2

Do you remember a first moment where you thought there is just something wrong with the way the field of economics is explaining our world.

1:27.0

Yeah, I was actually I remember I was on the Connecticut turnpike with my brother-in-law whose name was is Cookie Gibb and he described the efficient market theory to me that investors are rational and so investors are processing the information and

1:35.2

making the perfect decisions that will make the market efficient.

1:39.2

And I just said, well, that's got to be wrong. I just don't believe that can be strictly true.

1:45.4

You know, it just didn't sound plausible to me.

1:48.0

Driving down that turnpike with Cookie in the mid-80s,

...

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