70 minutes | Nov 3, 2014

Ep. 289: Alex Tabarrok & David Nott Interviews with Michael Covel on Trend Following Radio

Michael Covel speaks with Alex Tabarrok and David Nott on today’s two-part podcast, which Covel affectionately calls “The Libertarian Episode”. First, Covel speaks with Alex Tabarrok, co-author of the Marginal Revolution website. He’s an economist at Covel’s alma mater, George Mason University. Covel and Tabarrok discuss China and the importance of teaching Chinese to American children; the greatest anti-poverty program in the world; the difficulty of improving the infrastructure of the United States; regulation and innovation; interest groups; benevolent dictators; the need for a democracy in an information age; innovation in the current American education system; why the American education system is focused on getting you to work for the man; women in the American education system; innovation, intellectual property and patents; the cumulative properties of innovation; grounds for optimism in the United States when it comes to innovation; how George Mason University became a libertarian economist hotspot; if Europe is following the path of Japan; why the European monetary union was a mistake; and why travel can create optimism. Next, Covel speaks with David Nott, president of The Reason Foundation--an organization that is all about free minds and free markets. Covel and Nott discuss The Reason Foundation and what it means to be a libertarian today; how Nott explains being a libertarian to people; how the actor and comedian Drew Carey came to be involved with The Reason Foundation; finding the optimism to stay focused on swaying people to the founding principles of our country; politics in China; the 2008 financial crisis, state control, and Reason’s response to the bailouts; common sense notions; pension reform; drug policy reform; the cultural policies surrounding prohibition; expanding the idea of liberty to younger people; Vernon Smith and Walter Williams. For more information on The Reason Foundation visit reason.com. Want a free trend following DVD? Go to trendfollowing.com/win.

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