Tyler Cowen: evaluation

Transcript context

…I tend to agree very much with that, actually. What I then ask you further is you say ‑‑ and I agree with you, as I said ‑‑ that the economics is not what’s really driving this. It’s more a cultural phenomenon. On the other hand, how do you think politics is reacting to something you’ve been writing about for a while now, which is what you see as the stagnation of innovation, the problems of lack of income growth for large parts of society? What effects do you think this is having on the broader political media that we’re living in? I’m told after my answer we must move to Q&A. I would say we have so much debt and have some high implicit liabilities. Furthermore, we’re committed to paying off interest groups that we’re actually now at a margin. We can’t do that for everyone now. You have Republicans controlling every branch of government. They can’t agree on tax reform. They can’t agree on how to alter Obamacare, at least not yet. Those are signs. It’s not really gridlock in the 2011 sense, but we don’t have the resources to make deals by paying off the complainers. On all sides, a lot of parties are ceasing to cooperate. It’s more incoherence than a gridlock, but with that we must end. Now Q&A. We turn it over to all of you. Ask what you want, please. Thank you all for listening. Thank you, Steve. Thank you, Tyler.…

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