Here is the audio, video, and transcript. Here is a summary of the episode:
Kyla Scanlon has made it her mission to bring economic education to a wider audience through social media. He publishes daily content across TikTok, YouTube, Substack, LinkedIn and more, explaining what’s happening in the economy and why it’s happening. Tyler calls his first book In this Economy? How Money and Markets Really Work “a good and powerful shock to those who have trained their memories with the weighty measure of the past.”
Tyler and Kyla delve into the modern state of economic education and a whole range of topics such as whether a fantasy world building can help you understand economics, what he learned about trading options at age 16, why he chose public school over the Ivy League, lessons from selling 38 cars at a time of summer break, introduction as an ingredient for social media success, if he believes in any conspiracy theories, Instagram scrolling vs TikTok, the decline of print culture, why people want religions, modern nihilism, how the idea can help. hope, the death of celebrities and the rise of influencers, why econ education has gone backwards, promoting mainstream media, YIMBYism and real estate, nuclear pragmatism versus utopian geothermalists, investment advice for young people, why he thinks about the Great Depression in addition to Rome, it creates the following It’s Free to Chooseand more.
Quote:
COWEN: Putting your work aside, what kind of economics do you think young people are learning on TikTok?
SCANLON: [laughs] About.
COWEN: Is it a conspiracy? Does it lean in a certain direction?
SCANLON: I would definitely say it’s a conspiracy. There is a lot of desire to put inflation on companies, which I don’t know if that is the best thing to do. There is a lot of desire to have a scapegoat. I think a lot of people are frustrated with their economic situation, so they look at TikTok videos, and someone tells them, yes, Blackrock is conspiring against them, and that’s very comforting. I think that’s where we ended up with TikTok and the econ.
And this:
COWEN: Yes, in a way, they make a deal with you. They promise to listen to you and give you numbers, and you promise to let them abuse you. That’s an exchange. That’s what they want.
SCANLON: Yes, of course.
COWEN: It is the right to selectively abuse.
Definitely recommended. And here’s an earlier podcast of David Beckworth and Kyla.
Source link