From The Bob Murphy Show
Bob does a good job walking through Optimal Tariff Theory, which I’ve alluded to in a few different conversations.
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From The Bob Murphy Show
Bob does a good job walking through Optimal Tariff Theory, which I’ve alluded to in a few different conversations.
One of my favorite things about Bob is that rarely if ever uses straw men but rather will steel man most things he is disagreeing with. I learned that I've had some flaws in my thinking about tariffs. It's easy to get high fives while dunking on Trump but that economist isn't a dummy. Assuming your opponents are dumb is easy these days but it's also lazy and in the long-term a mistake.
Yeah, Bob is so great. He's the best econ personality out there right now.
Too bad he's a shitcoiner. Though he's been a bitcoiner for much longer. His book was one of the first I read.
Is he? I’ve only heard him talk about Bitcoin and it seemed like he got it.
I think Bob did a show with Roger Ver and Bob seemed convinced by some of the arguments for BCH. But to be fair he had Stephan Livera come on after and offer the rebuttal case for Bitcoin and to me, seemed like he understood those points as well....
Was it actually with Ver? I remember he had Stephen Patterson on to sort of give Roger's side of the argument.
Ahhh...you're right. It was Patterson giving case for Ver!
Yeah, that's my recollection
He gets bitcoin. He also sees utility in the application of blockchain and I have tried to get what he says but it doesn't make sense to me as a dev and bitcoiner.
I don't know enough to know why bitcoiners don't see any utility in that. Although, the few times when I have tried to understand other blockchain applications they ultimately didn't seem very compelling.
It seems less compelling the more I learn about the tech side of bitcoin
He does work for an insurance company that uses "blockchain" that has a token. He's explained the logic on their podcast in the past.
Not talking about BCH
Oh, I didn't even know where he was working now. He seems to change jobs frequently.
https://infineo.ai/team
Yikes, that doesn't look good on the surface.
Smart contracts, in particular, are something that seems less impressive the more I've learned about them.
True
Great episode. Was gonna link it :)
I think it's very underappreciated by us freemarket types and we end up making a strawman of the position.
100% I was doing that and I know better.
Been going down the rabbit hole of different Christian faith traditions and its wild how many strawmen exist and that I had bought. Best to ask or seek out the position of the people you disagree with instead of their opposition. Strawmanning is just too easy. People take what one person says as the position and often that opinion is not the orthodox position of the group as a whole.
Cool, don't know what this — will check it out
Interesting... I wasn't at all familiar with this theory. Thanks for bringing it to my attention.
Also, yes, the Reason-type, beltway economist "uh, idiot, don't you know consumer s pay the tariff??" Is so unbelievably tiresome.
Heard of tax incidence, you twat??
As far as mainstream econ models go, trade is very well validated empirically. Enough so, that I think we should take this idea seriously.