Honestly with Bari Weiss Bank Runs, Crypto Scams and World-Transforming AI with Tyler Cowen
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Mar 21, 2023 
Tyler Cowen, a prominent economist and author, returns to discuss the recent turmoil in the banking sector, particularly the collapse of Silicon Valley Bank. He analyzes the psychology behind bank runs and the impact on public trust in financial institutions. The conversation shifts to the allure of cryptocurrency during crises and the potential of AI as a transformative force. Cowen also reflects on his interactions with notable figures like Sam Bankman-Fried, while offering insights on the economic landscape, inflation, and the challenges facing the tech industry.
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Financial Advice Amidst Uncertainty
- Diversify your money, consider larger banks, money market funds, and U.S. treasuries.
- Avoid keeping cash under your mattress.
Cowen's Prior Acquaintance with SBF
- Tyler Cowen interviewed Sam Bankman-Fried (SBF) before FTX's collapse, expecting regulatory intervention.
- He was surprised by the fraud, having known SBF personally and played chess with him.
Tech's Competitive Landscape
- The tech world is more competitive than previously portrayed, with companies like Google and Meta facing challenges.
- This increased competition fosters innovation, benefiting users.
