Ep. 671: Bryan Caplan Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6 • 730 Ratings

🗓️ 28 June 2018

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Bryan Caplan, an 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. Bryan has written several books–his newest being “The Case against Education: Why the Education System Is a Waste of Time and Money.” His main goal for the book is for people to forget education propaganda, look at what is right in front of them and examine what they have learned first hand.

The topic is his book The Case against Education: Why the Education System Is a Waste of Time and Money.

In this episode of Trend Following Radio we discuss:

Affirmative action
Equality without losing quality
College vs. no college
Problem solving vs. memorization
Inert learning
Integrating more play in schools

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 Coval.
0:24.0	Not filtered, raw, honest.
0:27.4	That's my passion.
0:33.5	My guest today has no shortage of strong opinions backed by some creative thinking and the hard
0:40.8	data. He is Brian Kaplan, an American economist, professor of economics at my alma mater, once
0:47.8	again George Mason University. He's a research fellow at the Mercatus Center at George
0:52.8	Mason and is an adjunct scholar at the Kato Institute.
0:57.7	This is Brian's second appearance on the show, and as you will quickly see, Brian is rapid fire.
1:04.5	He goes out there, he slays dragons, and he throws back the ideas.
1:10.1	You got to catch them fast.
1:12.6	And I have to say, there's some things that really make me laugh.
1:15.0	He really cracks me up on a lot of things.
1:16.8	I think that's probably one of the reasons why he frequently contributes to Freakonomics.
1:22.2	Our conversation today is about his newest book, The Case Against Education.
1:28.2	Brian draws on the economic concept of job market signaling.
1:33.0	Brian argues that much of higher education is extremely inefficient
1:36.9	and only has a small effect on improving human capital,
1:40.9	contrary to much of the conventional consensus among labor economists.
1:46.7	If you've not yet had a chance to go check out Brian Kaplan's works, his books,
1:51.8	his writings, go dig in.
	...

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