YouSaid · the spoken record

Garett Jones

lines on the record: 105
first: 2023-01-24
most recent: 2023-01-24
sittings or episodes: 1
sources: podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

“And so I don't think that has anything it's driven by inherent pro-sociality. I think it's endogenous pro-sociality, not exogenous prosociality. And that's a reason to worry about it”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think the... There is no correlation between intelligence and say agreeableness, right? Normal psychological agreeableness. And I think that's a broader principle For that matter, right? Psychological conscientiousness. So Machiavellian intelligence, I think, is what's driving the link between IQ and cooperation. So in repeated games, that Machiavellian intelligence, which a lot of intelligence researchers will talk about, turns into Cosian intelligence, where people find a way to grow the pie. But it's a very cynical, self-interested form of growing the pie”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Have to worry about humanity being wiped out by a bunch of people with sticks and stones, right? I have to worry about humanity being wiped out by nuclear weapons, which could only be invented by smart people.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“So it's like it's old fashioned financial fraud, partly driven by not having a really good board over him or a good oversight.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Do you think, I mean, it's as simple as he was commingling fun, he lent a bunch of FTX money over to a hedge fund and then they lost it.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Ultimately, nobody thought he was right about the 3% a year thing, but they did think that he had still had a lot of good advice. So Friedman ended up having a lot of good ideas, but they weren't policy ready. And I think that's about where we are with the Deep Roots literature right now, which is, I mean, at most, one would use it as like a small plus factor in a point system, but I don't even know which points I'd use. But something along those lines is worth thinking about. I would never use a I would never use any quotas or hard cutoffs. If you think about point-space systems, 10, 20 years of further research and maybe you'd find a way to put the deep roots into a point-space system.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I want to launch a 10 year, maybe 20 year research project of figuring out how to turn the deep root scores into something useful. So I think right now with the Deep Roots literature we're about where Milton Friedman's monetarism was in the late 60s. You know, Friedman said, hey, I figured out where inflation comes from and we'd be a lot better off if we just grew the money supply 3% a year.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Everybody I know who's ever had cut co knives ends up using him for decades. So that's one of the popular multilevel marketing schemes that actually gets to men. A lot of them are targeted at women through cosmetics, as you might know.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, because people predate upon it, right? It strikes me as a total red seeker sort of thing. I mean, I have to say, the knives are really good, so I'm”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Leaving a large inheritance means you're leaving, you're producing a lot, but you're not consuming very much. So that means you're building up the capital stock.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“You know, I don't actually know what their plans for what they would do with all the money, but I do know that normal economics tells us that just people being frugal is good for the economy overall. So Stephen Lansberg has a great essay in Praise of Scrooge. It's especially appropriate for this time of year. And being frugal means you're building up the capital stock and you're giving a sort of invisible gift to future generations. So Mormon frugality is basically helping build up the US capital stock and indirectly the world's capital stock, helping make us all more productive, which I think is something that fits in with Mormon values.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I don't know. I mean, maybe they're planning to hand it to the Savior when the second coming happens, right? There's got to be a great argument for this option value of just having the wealth there, right? It must give them a kind of independence from the world when various storms come along, cultural, political storms.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“And I think that's helped them weather the storms of the 19th century. So the whole 19th century, people were only joining during this during the era of polygamy in Utah, right? If they thought that they were willing to put up with this, right? And you know you're signing up for some kind of deep sociality with a mixture of a lot of unconventional stuff. And that foundation really helped. And the fact that Mormons since then have stayed as a religion that requires a medium high level of commitment, also weeds out people who just aren't willing to make that kind of commitment. So. I mean, I was raised Mormon. You know, I wasn't ultimately willing to make the commitment, and maybe the part of the reason is because I'm too much of a free rider. So Mormons who were left are probably better than me.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, I think part of it is that they are reflect a lot of this sort of what for then was Western pioneer culture, upstate New York, Pennsylvania, then Ohio. I think those communities tended to be high trust communities necessarily because of the difficult environment that they were living in. There was a lot of selection. There was a lot of selection over the first few decades of Mormon history where those who were willing to sort of trust the group stayed in and those who weren't willing to trust the group ended up leaving. And not just trust, but trustworthiness. I think a lot of people probably got weeded out because they weren't contributing to the common good. So I think that basically by the time the Mormons got established in Utah, they had already selected for a strong culture of a kind of in-group pro-sociality.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, yeah. I mean, I think that that was a nice reminder that basically, contrary to sort of the MMT view and the sort of pop MM, the pop Keynesian view, the debt is no barrier at all. I think that showed the bondholders are actually paying attention to long-term signals of fiscal policy credibility, and they'll take action. Yeah.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“In relative terms compared to the trend, I mean, if America is still getting, say, 1%, 1.5% richer each year, then that by itself means that that adds a certain level of quality to healthcare over time. And so basically if it ends up staying the equivalent of, say, 0%, that by itself, if you get healthcare spending in real terms to be 0% over time. That would end up closing the gap when you compound it out long enough, right? Yeah. That kind of thinking.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“U.S. fiscal gap. We probably won't even have to get to that. Just making Medicaid worse slowly over the long run. Maybe making Medicare worse over the long run. That by itself would close a lot of this fiscal gap. So basically, I think they'll balance the long run budget on the kind of the backs of the poor and the middle class. That's probably the most likely outcome.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“No, no, I'm a fan of the view that the bondholders are going to win in the long run and that inflation, any kind of super, super high inflation, is not going to be the path of the future. And what's going to happen is that at least think about the US, the way the bondholders are going to win is that there's going to be a mixture of tax hikes and slower spending growth, especially hurting the poor. And that's how the U.S. is going to close its fiscal gap. I don't know particularly what towns other countries are going to go through, but the U.S. has this basically this one tool, this one superpower sitting in the room that hasn't used yet. And it's a VAT, right? So the US could dramatically increase its tax revenue through either an overt or disguised value-added tax. And that would raise a ton of money just like it raises in Europe. And that would, that's the easy way to close the U.S.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“And so having a lot of companies fade out is actually on net a good sign. I think this is really part of the John Halterwanger line of research that the sort of modern version of creative destruction research, which finds that low productivity firms exiting just as naive laissez-faire predicts means that those workers and that capital can get reallocated over to more productive firm. So the alternative is stereotypically Japanese zombie firms, right? They're kept limping along by banks that are perhaps under political pressure to lend. And so a lot of human and physical capital gets tied up in low productivity projects. So, yeah, a brutal bond market is a good way to send a market signal to move capital from low productivity to high productivity projects.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, I'd say A, I'd say it probably be shorter without bondholders or any kind of financial monitor. But second, most corporations just shouldn't live that long, right? Most corporations, their ideas that you try out and then it like you find out it doesn't work or it should be bought up by somebody else or the IP should be sold off.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, that's a good point. Well, we can suspect that the average person who's investing in a corporation makes money, right? Because otherwise people wouldn't be doing it, right? On average, people must work. Is what Ryan, you actually have me stumped here. So, can you rephrase the question again?”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“So making that a lot harder is worth it. We know that some negative reviews are going to be malicious and inaccurate, but the benefits of information flow seem really high.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, I have to say that this has to be a case where, like, Yelp and Google and all these online ratings have given us tools for checking these things out. We know we have to be skeptical, of course. But for people who know that they're good at something, the cost of entry into a new field has to be much lower than it was a few decades ago. Because, you know, ten, twenty good Google Reviews. And you can actually enter. So yeah, lower basically not banning disclosure of data, I'd say that's the most important thing we can do. You sometimes hear that medical doctors I haven't checked up on this long time, but apparently medical doctors often make it very risky to give bad reviews. Sometimes you get a lawsuit or something.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Private values are correlated with ethnic groups, right? So if cultural values are basically uncorrelated with ethnicity, then basically there's nothing to fight over. And that's really what's happened with a lot of old ethnic battles in the U.S. So you're right. Some of these things will fade with time. The problem is that human beings are one of our great evil is that we are always looking for a focal point. And people will use visible appearance as a horrifying focal point around which to peg their conflicts. It's an easy one because our brains are looking for visual patterns. And I don't like that, but it's something that will probably keep happening.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, that's a good point. It's possible you don't know which one. I mean, the problem is that ethnic conflict has been a hardy perennial. It's not the only conflict that people can ever have. I don't know to what extent these things will fade away. As I emphasize in the culture transplant, the ethnic diversity channel is actually the least important of any of the channels I discuss. And so I'm open to this thought that what you're saying will actually happen. And maybe we'll just find something else to get mad at each other about like social media tribes or religious groups. I mean, it hasn't happened yet in all the documented human history we have. People seem to find some ethnic bounds for conflict. It is worth pointing out that the one study that I report, I think it's a Wagjar Kawath, but the real, the source of ethnic conflict happens when”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, that's a great point from Brian Kaplan's excellent book, Myth of the Rational Voter, right? Yeah, I think part of it, I mean, I think his stories are right, which is that politicians facing re-election have this trade-off between giving voters what the voters say they want and giving the voters the economic growth that will help politicians get re-elected, right? So it's a version of saying, like, you know, I don't want you to pull off the band-aid, but I want my wound to all get better. So the politician has to, it's the politician's job to handle the contradictory demands of the voters. And by delegating authority to them, to the voter, to the elected politicians, you get some of the benefits of elitism, even in a so-called democracy.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Either the libertarian ideal of the entrepreneur who owns the firm or the monarch who has the long term interest in being a stationary bandit? In real life, there's this sort of muddled thing in between that works out as the equilibrium, even in the successful so-called monarchies. So it's worth thinking through why it is that the successful so-called monarchies aren't really monarchies, right? They're really oligarchies.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I think they're kind of too much LARPing, too much romanticizing about the Rohirim, I guess. I don't know. These guys and the Lord of the Rings, you know. Romata citing monarchy is a mistake. It's worth noting that, as my colleague Gordon Tullik pointed out, along with many others, in equilibrium kings are almost always king and council, right? And so we're thinking through why king and council is the equilibrium, something more like a corporate board and less like.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“They're just an exception of the rule. Most countries that try to pull off that low level of democracy wind up much worse.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Because their parties aren't really allowed to compete. I mean, that's pretty obvious. Yeah, the people action party really controlled”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, I mean Know, I think the case for handing things over to elites is pretty strong in anything that's moderately democratic, right? I don't have to be anything that's substantially more democratic than the official I figure once you put elites in charge, they really are just going to be old fashioned Gordon Tullock rent seekers and steer everything toward themselves and not give a darn about the masses at all. So that's, you know, elite control in a democracy. A lot of elite control in any kind of democracy, I think, is going to have good effects if you're really looking at something that is, that meet the Martya Sen's definition of a democracy, competitive market, competitive parties free press.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, compared to the planet as a whole, they're pretty good, right? So I never get that excited about the small little distinctions between the US and Europe, like these 30% GDP differences, which are very exciting to pundits and bloggers and whatever. I'm like, 30% doesn't matter very much. That's not really my bailiwick. What I'm really interested in is a 3,000% between the poorest countries and the richest countries. So like I can speculate about Europe. I don't really have a great answer. I mean, I think there's something to the naive view that the Europeans with the most what my dad would call gumption are those who left and came to America, some openness, some adventurousness. And maybe that's part of what made, so basically a lot of selection working on the migration side to make America more open to laissez-faire than Europe would be.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“history of being market friendly and a lot of parties aren't that market friendly and yet the EU sort of nags them into their version like as much markets as they can handle so”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“On the path to getting ready for joining EU. And then they may increase it a little bit afterwards once they join. But basically, it's like when you're deciding to join the EU, it's like you decided you have your rocky training montage and get more laissez-faire. And so the EU on net is a message pulls in the direction of markets compared to where Europe would be otherwise. I mean, just look at the nations that are in the EU now, right? A lot of them are east of Germany, right? And so those are countries that don't have this great.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“No, and the EU, like, the European voters just aren't that excited about democracy. Excuse me, aren't that excited about markets overall? The EU is going to reflect that, right? What little evidence we have suggests that countries that are getting ready to join the EU, they improve their economic freedom scores, their sort of laissez-faireness.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Making them more like the Fed where they have appointed experts who have long terms and they have enough of a long term that they can basically feel like they can blow off Congress and build their own culture.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I know, like the power of independent committees should be increased. Like more of Congress should be like the Fed. My plan for a FDA or CDC reorganization would be about...”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“They're living in this area of slack to use the sort of McKnollast polycy jargon. They're living in this realm of slack between the fact that the president doesn't want to muddle with them, meddle with them, excuse me, and the fact that Congress doesn't really want to meddle with them. But on the other hand, I really think that the FDA and the CDC are doing what Congress more or less wanted them to do. They reflect the They reflect the muddled disarray that Congress within over the period of Sey COVID. I think that's a first order important. I mean, I do think the fact that FDA and CDC don't seem to have that culture of raw technocracy the way the Fed does, that I think that has to be important on its own. But I think behind that, some of that is just like. FDA CDC Creatures of Congress much more than the Fed is.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I think in the case of the Fed, it really does matter that the people who run it have Guaranteed long term and they print their own money to spend. So that means that they basically Congress has to really make an effort to change anything of the Fed. So they really have the kind of independence that matters, right? You know, they have a room of their own. And the FDA has to come to Congress for money more or less every year. And the FDA heads do not have any kind of security appointment. They serve at the pledge of the president. So, I do think that they don't have real independence. I do think that they're basically”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, it might be, right? I mean, if that's the way it is, I mean, the car put a lot of people who took care of horses right out of work too.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“To be rough news for a lot of people whose life was in the realm of words and dispensing simple advice and solving simple problems. That's pretty bad news for their careers. I'm disappointed to hear that”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I've seen a few different measures of this, right? You might have seen multiple measures. Yeah, I think it's a sign that basically, and when you see people using non-IQ tests to sort of assess the outputs of GPT on long essays, this does seem to fit into that sort of not quite a hundred, but not off by a lot. Yeah, I mean, I think it's a sign that a lot of mundane, even fairly complex, moderately complex human interactions can be simulated by a large language learning model. And I think, uh...”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“If it's voluntary, I mean, people should be able to do what they want. And after a couple decades of experimentation, I think people would end up finding a path to government subsidies or tax credits or something like that. I think people voluntarily deciding what kind of kids they want to have. Is a good thing. And so by genetic selection, I assume you're meaning at the most elementary level people testing their embryos the way they do now I mean, we already do a lot of genetic selection for intelligence. Anybody you know who's in their mid-30s or beyond, who's had amniocentesis, they've been doing a form of genetic selection for intelligence. So it's a widespread practice. and welcoming that in a voluntary way is probably going to have good effects for a future.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I think In my findings were that it was all basically log linear and so log linear looks crudely like increasing returns, right? So yeah, it looks exponential, right? So yeah, there's increasing returns to national IQ. But this is a commonplace finding in a sense because so many All the human capital relationship I'm familiar with end up having something like a log linear form, which is exponential. There's something multiplicative. That's what I have. That's all I have to say is like it's something somehow this all taps into Adam Smith's pin factory. And we have multiplicative not additive effects when we're increasing brain power. I suspect it does have something to do with. A better organization of the division of labor between people, which ends up happening close to exponential effects on productivity.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I'm a big conglomeration guy. Yeah. Yeah, I'm a big conglomeration guy. I mean, the internet makes it easier, but then, like. Still, being close to people's, being in the rooms abortive. There's something both Hansonian and Girardian here about like we need to find role models to imitate and That's probably important for productivity.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, you don't want them all just. I wouldn't encourage them to solely follow market signals, right? I'd encourage them to be more handsonian and play a variety of status game because the academic and intellectual status game is worth a lot, both personally, and then it leads to positive spillovers for society.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Yeah, I mean, the market signals aren't terrible. But my Interpol Romer kicks in and says innovation is all about externalities and there's market failures everywhere when it comes to the field of innovation. And so, you know, I personally, I mean, I like the idea of finding ways to allocate them to STEM style technical fields. And we do a fair amount of that and maybe we do the maybe the US does a pretty good job of that. I don't have any huge complaints at the crudest 50,000th foot level. The fact that people know that there's status games they can play within academia that are perhaps more satisfying or at least as satisfying as the sort of corporate hierarchy stuff. Yeah.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Okay, yes, yes. Okay. It's in that ballpark, right? It's just this idea that, and more importantly, Amelia John von Neumann's would be a gift to the entire planet, right? Yeah. So, yeah, if you had a choice of which country to have the John Von Neumann's, it's probably going to be one of the i-7. Maybe there's a maybe Switzerland would be a good alternative.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“Oh, yeah, okay. So this is about one million job in a way. Yeah, yeah. That sounds, I mean, that's the kind of thing where I wouldn't expect it to happen overnight, right? I tend to think of that, the IQ externalities as being two, three generations. I lump it in with what economists call organizational capital. That sounds about right. Yeah, yeah, yeah. I can't remember where I saw this. I think I stumbled across to myself at some point, too.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source
“I mean, I'm being a little rhetorical when I'm saying everything's literally an externality, right? I don't literally believe that's true. For instance, people with higher education levels do actually earn more than people with low education levels. So that's literally not an externality, right? So some of these other cultural traits that people are bringing with them from their ancestors' nations of origin could be likely one source of these income differences. I mean, if you think about differences in frugality, differences in personal responsibility, which show up in the surveys that are persistent across generations, those are likely to have an effect on long-run productivity for you yourself and your family. Let alone the hive mind stuff where we find that there's a positive relationship between test scores and productivity.”
2023-01-24 · Dwarkesh Podcast · Garett Jones — Immigration, national IQ, & less democracy · IDENTIFIED FROM THE TRANSCRIPT · source