Ep. 307: Bryan Caplan Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 5 January 2015
⏱️ 40 minutes
🧾️ Download transcript
Summary
My guest today is Bryan Caplan, an American economist and professor of economics at George Mason University, research fellow at the Mercatus Center, adjunct scholar at the Cato Institute, and blogger for EconLog. He works in public choice theory. His books include The Myth of the Rational Voter and Selfish Reasons to Have More Kids. He has also written extensively on open borders and pacifism.
The topic is economics.
In this episode of Trend Following Radio we discuss:
- Voting, rationality
- Defining "rational irrationality"
- What voting patterns in America might look like if the American stock market looked like the Japanese stock market
- Economic growth in benevolent dictatorships vs. republics like the USA
- The anti-poverty program in China
- Caplan's view on immigration and its effect on the economy
- The case for more kids, and why Caplan was so passionate and so inspired as to put out a book on the subject
- Why genetics matter more than the style in which you raise your kids
- Thomas Piketty's "Capital in the Twenty-First Century" and wealth and income inequality
Jump in!
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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.
To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/
You can watch a free video here: https://www.trendfollowing.com/video/
Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast
My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel
Hope you enjoy my never-ending podcast conversation!
Transcript
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| 0:00.0 | This is Trend Following Radio, where great thinking comes alive. |
| 0:10.9 | Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings. |
| 0:21.2 | I am your host, Michael Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:32.9 | That's a whirlwind of a couple weeks for me. |
| 0:37.3 | Completely around the world in the last two weeks. |
| 0:41.3 | Stops in Asia, the Middle East, in America. |
| 0:45.0 | Dubai, wow. |
| 0:47.6 | One incredible architectural achievement, to say the least. |
| 0:53.4 | Just absolutely amazing. |
| 0:56.1 | I think the only real piece of insight that I do have, for those would-be travelers out there, |
| 1:01.7 | if you have to take a flight from America, a long-haul flight from America, and you're going towards Asia, |
| 1:10.3 | and you have a choice between United and A&A Japanese carrier. |
| 1:16.7 | Now I'm not going to compare any other carriers for the moment, but just those two. |
| 1:20.9 | United, an American carrier, an A&A, Japanese carrier. |
| 1:25.8 | And either business or first class, I'll make that comparison choose a and a do not |
| 1:32.3 | pass go it's only one choice there is no comparison when it comes to the seat the service the food |
| 1:43.4 | it's just not even a comparison. |
| 1:46.4 | Go A&A. |
| 1:48.0 | I'm sorry, United, if you clean your act up, |
| 1:51.5 | maybe I'll give you a vote of confidence, |
| 1:53.4 | but it is not even a comparison. |
... |
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