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Conversations with Tyler / episode intelligence

Zach Carter on the Life and Legacy of John Maynard Keynes

2 Dec 2020 26 published claims 2 attributable people
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Speakers in the public record

Zach CarterTyler Cowen

Claim mix

belief 13evaluation 7preference 3recommendation 1uncertainty 1observation 1

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Every row below preserves an exact excerpt. Identified speakers are linked; unresolved voices are labeled and excluded from people counts.

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The useful parts, with receipts.

26 published records

08 / belief

Keynes works for, I think, seven years on Treatise on Money. It’s two volumes. At the end, what he comes up with is a tabular standard, which I’m fine with, by the way.

“Keynes works for, I think, seven years on Treatise on Money. It’s two volumes. At the end, what he comes up with is a tabular standard, which I’m fine with, by the way.”
Speaker
Tyler Cowen
Publisher
Conversations with Tyler

10 / belief

We only really had it for about nine years, once all of the rules had been implemented and everything. It’s not like it was this gigantic success for so long, but I agree with Paul Volcker, that was a mistake to blow up.

“We only really had it for about nine years, once all of the rules had been implemented and everything. It’s not like it was this gigantic success for so long, but I agree with Paul Volcker, that was a mistake to blow up.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

12 / belief

Oh, swipe fees. I think, ultimately, consumers probably pay something. The significance of that article — this is from 2011, the swipe fee fight — the significance of that fight is that it didn’t really matter that much at all.

“Oh, swipe fees. I think, ultimately, consumers probably pay something. The significance of that article — this is from 2011, the swipe fee fight — the significance of that fight is that it didn’t really matter that much at all.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

14 / belief

What should we make of the preface Keynes wrote for the German-language edition of The General Theory, where he basically says to the Nazis, “My ideas will work better under your system”? It’s not at all that I think Keynes was pro-Nazi.

“What should we make of the preface Keynes wrote for the German-language edition of The General Theory, where he basically says to the Nazis, “My ideas will work better under your system”? It’s not at all that I think Keynes was pro-Nazi.”
Speaker
Tyler Cowen
Publisher
Conversations with Tyler

15 / belief

During the 1920s — I think later on, Keynes is pretty clear about this — the United States is lending money, not only to Germany but to Europe, and so long as that game keeps going, the cycle of funds is sustainable.

“During the 1920s — I think later on, Keynes is pretty clear about this — the United States is lending money, not only to Germany but to Europe, and so long as that game keeps going, the cycle of funds is sustainable.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

17 / evaluation

Of course, by 1923, Germany is in a hyperinflation crisis, so I think the idea that Germany could afford to pay is tied up in the political circumstances of the day.

“Of course, by 1923, Germany is in a hyperinflation crisis, so I think the idea that Germany could afford to pay is tied up in the political circumstances of the day.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

18 / evaluation

In his critique of the Treaty of Versailles, as an economic critique or a political critique, I think a few years after 1922, after the treaty had been signed, Keynes did a follow-up analysis called A Revision of the Treaty, which was basically 80,000 words of “I told you so.

“In his critique of the Treaty of Versailles, as an economic critique or a political critique, I think a few years after 1922, after the treaty had been signed, Keynes did a follow-up analysis called A Revision of the Treaty, which was basically 80,000 words of “I told you so.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

19 / preference

I’ve been reading this Bob Mehr biography of the Replacements, which was my favorite band, and you just absolutely wouldn’t have that band without the Sex Pistols.

“I’ve been reading this Bob Mehr biography of the Replacements, which was my favorite band, and you just absolutely wouldn’t have that band without the Sex Pistols.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

20 / evaluation

The idea of the market as something that can function independently of the government becomes much blurrier, and the idea of the state as the thing that creates and guides markets, I think, opens up a broader realm for government intervention.

“The idea of the market as something that can function independently of the government becomes much blurrier, and the idea of the state as the thing that creates and guides markets, I think, opens up a broader realm for government intervention.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

23 / evaluation

To say not only that we will not meddle in the currency for domestic purposes, but we won’t interfere with international harmony and with the exchange of goods and ideas across different cultures — it’s very easy to see why people, from a progressive perspective, would see that as a good thing.

“To say not only that we will not meddle in the currency for domestic purposes, but we won’t interfere with international harmony and with the exchange of goods and ideas across different cultures — it’s very easy to see why people, from a progressive perspective, would see that as a good thing.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

24 / evaluation

Singerman goes into this in much more detail. It’s been a while since I read the article, but Singerman seems to think that this is a useful way of understanding Keynes’s worldview, but not that Keynes is some guy who’s going around wanting to sterilize people and do the things that we think of with the eugenics movement in the United States.

“Singerman goes into this in much more detail. It’s been a while since I read the article, but Singerman seems to think that this is a useful way of understanding Keynes’s worldview, but not that Keynes is some guy who’s going around wanting to sterilize people and do the things that we think of with the eugenics movement in the United States.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

25 / evaluation

Some of the things, at least from a progressive standpoint today, I would say are good about the law are kind of an accident that take place largely because the architects of the law don’t intend them to take place.

“Some of the things, at least from a progressive standpoint today, I would say are good about the law are kind of an accident that take place largely because the architects of the law don’t intend them to take place.”
Speaker
Zach Carter
Publisher
Conversations with Tyler

26 / preference

I think he finds it intellectually engaging in certain respects, but it’s not as prestigious as being in Treasury, which is what he really wants, and he feels a little bit guilty about that sense of ambition.

“I think he finds it intellectually engaging in certain respects, but it’s not as prestigious as being in Treasury, which is what he really wants, and he feels a little bit guilty about that sense of ambition.”
Speaker
Zach Carter
Publisher
Conversations with Tyler
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