In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals -… — Tyler Cowen Copy Share Image
What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line. — Tyler Cowen Copy Share Image
France has not only built a bureaucratic barrier against American culture, it has constructed a notorious intellectual case against it as well. The French… — Tyler Cowen Copy Share Image
When humans team up with computers to play chess, the humans who do best are not necessarily the strongest players. They're the ones who… — Tyler Cowen Copy Share Image
“The great adventures of life, the surprise of strangers, of strangeness, of the electric and eclectic moments of happenstance, and also of extreme ambition,… — Tyler Cowen Copy Share Image
“Mark Liszewski, executive director of the Antique Automobile Club of America Museum (Hershey, Pennsylvania), remarked: “Instead of Ford versus Chevy, it’s Apple versus Android.… — Tyler Cowen Copy Share Image
“Americans are in fact working much harder than before to postpone change, or to avoid it altogether, and that is true whether we’re talking… — Tyler Cowen Copy Share Image
“three-quarters of today’s youth between the ages of seventeen and twenty-four are unfit to serve for one reason or another.” — Tyler Cowen Copy Share Image
“Once you're using sides and sauces you're on the right track and you're also following the general principles about how to eat well in… — Tyler Cowen Copy Share Image
A lot of local food is very tasty. I'm very happy to eat it. I just don't think it's the same thing as saving… — Tyler Cowen Copy Share Image
If you and your skills are a complement to the computer, your wage and labor market prospects are likely to be cheery. If your… — Tyler Cowen Copy Share Image
Sports is remarkably cognitive. I think it's underrated just how smart it is. Actually, if I had more time, I would spend more time… — Tyler Cowen Copy Share Image
“In other words, a culture of the casual is a culture of people who already have achieved something and who already can prove it.… — Tyler Cowen Copy Share Image
I see three forces militating in favor of growing inequality: increasing measurement of worker value added, automation through smart software, and globalization. — Tyler Cowen Copy Share Image
