It is no crime to be ignorant of economics, which is, aft er all, a specialized discipline and one that most people consider to be a “dismal science.” But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.
Murray N. Rothbard
Egalitarianism as a Revolt Against Nature, p. 202
Bryan Caplan is a professor of Economics at George Mason University
Buy Bryan Caplan’s books here: https://www.amazon.com/s?k=Bryan+Caplan&ref=nb_sb_noss_2
Bryan Caplan’s articles: https://www.econlib.org/author/bcaplan/
Bryan Caplan’s website: http://www.bcaplan.com/
Website of Zach Weinersmith, co-author of Open Borders: The Science and Ethics of Immigration: https://www.smbc-comics.com/
My previous discussion with Bryan Caplan: https://youtu.be/eBiP_kAlp70
0:00 – Quote
0:37 – The Paradox of Democracy
1:08 – Are voters ignorant?
2:46 – Is the solution to educate the populace?
4:30 – Ignorance in the market v. political sphere
6:04 – Why aren’t ignorant voters humble?
8:39 – Anti-market bias
10:15 – Paul Krugman’s inconsistent free market criticism – Fallacy of Unattainable Perfection
14:09 – Anti-foreign bias
20:39 – Pessimistic bias
24:15 – Thesis of The Case Against Education
25:20 – Thesis of Selfish Reasons to Have More Kids (unable to find corresponding video)
30:50 – Public choice theory
33:22 – Define economics
36:14 – Why some countries are rich and others are poor
41:10 – Profits over people?
50:01 – What makes wages rise?
51:11 – What made you an Anarcho-Capitalist?
54:22 – Most important thing you learned from Don Boudreaux?
57:45 – Favorite economist?