Tyler Cowen

speaker

2,016 appearances 10 recordings 1 series first heard Apr 2025 last heard 20 Jul

Tyler Cowen’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 8 in all, peaking in Jan 2026 with 3.

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It's been great.

The rest of the world wants access to dollar based systems.

Our government makes it hard for them.

Stable coins are a workaround.

I'm not sure what their long run fate will be because keep in mind

And regulations can change, and other payments methods can innovate as well.

But they're going to pass the Genius Act, it looks like.

I'm all for it.

It's not perfect legislation, but it will give the people a chance to experiment with these things on a legal, transparent basis, and let it rip.

Right.

They don't always avoid it successfully, but you look at the US government, know your customer laws for instance.

Uh it's a pain in the neck to deal with an American say who wants to open a bank account in Germany.

I've tried to do this.

That's because of the US government putting reporting requirements on the German bank.

They don't want your money.

So a lot of the problem is USG, not you know, Argentina, Russia, whatever.

It's both.

But in fact, if people just told dollars, that is usually tolerated.

And uh it's a workaround for both.

It raises the cost of capital, and we're going to need more covenants to limit this happening.

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