Tyler Cowen: belief

Transcript context

…I guess you would think that, as that technology gets closer, it would be important to have people thinking about, “How do you regulate that? How do we make it applied well rather than badly?” That kind of thing. Of course we should think about that, but I’m not sure we’ll succeed in regulating it very well. There are many countries. Parents, I think, are willing to go to other countries. There will be black market versions of the technologies. The regulation might fall to a least-common-denominator standard. Whatever we can do, I suspect we’ll end up doing one way or another, so I wouldn’t put too much faith in, “Oh, we’ll regulate out the bad versions and be left with the good ones. ” We’re going to get some mix of the very good and very bad. Yeah, you’re always just pushing on the margin, trying to make it a bit more likely that we’ll use it in good ways and a bit less likely that we use it in bad ways.…

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