Tyler Cowen

And in the meantime, there are all sorts of tailwinds against economic growth.

Well, we're aging, right?

We have low fertility rates.

Our governments are doing many stupid things, especially in my country.

All that tends to lower the growth rate.

You know, we've had the internet now for quite a while, and maybe measured growth rates are somewhat higher because of it.

But even that you can debate.

There are people who'd say, well, productivity still hasn't come up from the internet.

It just takes much longer than people think.

Electricity took 40 to 50 years.

I do not think this will be that slow.

For some obvious reasons, it's much quicker.

It's just on tap, on your phone, on your desktop, wherever.

But slow it will be.

Well, I don't think our managers and consultants and capital markets are all so great.

They're probably the best in the world in the United States, and there's still plenty of mediocrity there.

When was the last time the U.S.

built a new nuclear power plant?

What are the prospects for that in Britain?

In both countries, it's looking up, right?