Tyler Cowen
π€ SpeakerAppearances Over Time
Podcast Appearances
They'll be smart and they'll be conscientious.
That I strongly believe.
Look, I think they will boost the rate of economic growth by something like half a percentage point a year.
Over 30, 40 years, that's an enormous difference.
It will transform the entire world.
But in any given year, we won't so much notice it.
And a lot of it is something like a drug that might have taken 20 years, now will come in 10 years.
But at the end of it all, it's still our system of clinical trials and regulation.
And if everything that took 20 years takes 10 years, over time, that's an immense difference.
But you don't quite feel it as so revolutionary for a long time.
There's diminishing marginal returns to most of these factors.
So a simple one is how it interacts with regulation, law, and the government.
Another huge one is energy usage.
How good is our country in particular at expanding energy supply?
I've seen a few encouraging signs lately with nuclear power.
That's great.
Most places won't do it.
And even those reports, exactly how many years it will take, I know what the press releases say.
We'll see, you know, could be 10 years or more.
And that will just be a smidgen of what we'll need to implement the kind of vision you're describing.