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Published · transcript-backed

Tyler Cowen: belief

2 Oct 2024 Conversations with Tyler Kyla Scanlon on Communicating Economic Ideas through Social Media

“Then, I think there’s a lot of contagion, and it feeds on itself, and you get into the cycle where it’s self-validating.”

— Tyler Cowen

Source trail

Everything needed to verify it.

Speaker
Tyler Cowen
Attribution
Verified speaker
Claim type
belief
Recorded
2 Oct 2024
Publisher
Conversations with Tyler

Transcript context

…Yes. Why do you think people turn towards conspiracies? Is it just because they don’t trust institutions? I think there are two things at work. One is we’ve actually had a number of bad events. Financial crisis and pandemics and 9/11 would be three big, obvious ones. Arguably, there are more, but those three right there is a lot. That sets off a negative mood. Then, I think there’s a lot of contagion, and it feeds on itself, and you get into the cycle where it’s self-validating. Social trust is lower; things, in fact, work less well, and politics works less well; and then you think, “Oh, well, I’m right not to trust all of this.” It looks like you’re right. In a way, you are right, but you still would be better if you could jump-start a much more positive dynamic. Do you think there’s a human tendency towards negativity in that sense?…

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