Tyler Cowen
Bloomberg
United States
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Past articles by Tyler:
A Land Tax Won’t Make Cities More Affordable
It’s not the tax system that makes urban and suburban real estate so expensive, it’s the political system. → Read More
How to Tip More Effectively
Under normal circumstances, employers can be expected to reduce wages when customers increase tips. But these aren’t normal circumstances. → Read More
That was then, this is now
ChatGPT, the popular chatbot from OpenAI, is estimated to have reached 100 million monthly active users in January, just two months after launch, making it the fastest-growing consumer application in history, according to a UBS study on Wednesday. Here is the full article, via Steven Kaufman. → Read More
Friday assorted links
1. Orthodox Jews 18 percent of U.S. kidney donors. 2. So much Adderall! Has to be screwy. And presumably many people get it without prescriptions. 3. Redux: My 2021 talk at OpenAI — recommended. And Arnold Kling on ChatGPT. 4. The Economist on whether economics has run out of big new ideas. And should MIT […] → Read More
Noncompete Contracts Can Help Both Workers and Firms
It would be better to regulate such agreements than to ban them outright, as the US Federal Trade Commission has proposed. → Read More
Spending Less on Gifts This Year? Congratulations
Americans are becoming less generous over the holidays — and that’s not necessarily a bad thing. → Read More
The Real Risk of Higher Inflation Is Lower Wages
Setting an inflation target of 4% may make it easier for the Fed to fight a recession, but it could make things harder for workers. → Read More
ChatGPT Could Make Democracy Even More Messy
The latest advance in AI will require a rethinking of one of the essential tasks of any democratic government: measuring public opinion. → Read More
Fight Poverty, Not Income Inequality
The difference in wealth between the rich and the poor has been shrinking, but that's not necessarily good news. → Read More
AI Can Make Crypto Safer for Everyone
Artificial intelligence can make cryptocurrencies easier to use without the need for intermediaries that people may not trust. → Read More
Austrian Economists Can Explain the Coming Recession
High energy prices and the fight against inflation are hampering economic growth — but so are misplaced expectations of interest rates. → Read More
Rishi Sunak Shows the Growing Influence of Indian Talent in the West
India is by far the world’s most significant source of undiscovered and undervalued skills. → Read More
Amazon and Starbucks Votes Show Workers Are Ambivalent About Unions
The brief for organized labor starts with higher wages and a better way to air workplace grievances. The case against them questions the size of these benefits. → Read More
Classical liberalism vs. The New Right
It has become increasingly clear that the political Right in America is not what it used to be. In particular, my own preferred slant of classical liberalism is being replaced. In its stead are rising alternatives that don’t yet have a common name. Some are called “national conservatism,” and some (by no means all) strands […] → Read More
Taylor Swift Will Always Be Bigger Than AI
When it comes to art, music and culture, fans seem to want a little bit of human celebrity along with the work itself. → Read More
A Crisis Is Coming in Europe, the Only Question Is Which Kind
European governments may be tempted to fend off an energy crisis by risking a fiscal crisis, but both options are costly. → Read More
Inflation Is Best Explained by This Underrated Economic Theory
The Quantity Theory of Money may be out of fashion, but it is a useful guide to where the US economy may be headed. → Read More
Inflation? The Workforce Is the Bigger Problem
This current period of rising prices has its roots in mistaken assumptions about supply and demand made a decade ago. → Read More
Magnus Carlsen’s Strongest Chess Opponent Is AI
The better artificial intelligence gets, the more humans will use it to their advantage, sometimes by cheating. → Read More
What Is the Purpose of Public Policy?
It’s not necessarily to bring about change. Debates and choices are also important in educating the public. → Read More