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Tyler Cowen Quotes

American - Economist | January 21, 1962 -

A lot of local food is very tasty. I'm very happy to eat it. I just don't think it's the same thing as saving the world.

Food Happy World Think Same Eat

For the very top earners, vision and inspiration are essential. You need those to become the next Steve Jobs, but perhaps not to be the highest paid dentist in Beverly Hills.

Vision You Become Top Need Dentist

I see three forces militating in favor of growing inequality: increasing measurement of worker value added, automation through smart software, and globalization.

Smart Value Globalization Automation

I sometimes say I am a 'happiness optimist' but a 'revenue pessimist.'

Happiness I Am Sometimes Say Revenue

Economists love to talk about incentives, but the bottom line is that people hate being controlled or manipulated, even when done through voluntary institutions. This is one of the most important tensions in capitalism.

Love Hate People Capitalism Done

Most restaurants in most cities, including Washington, are at a sort of mid-level. They're somewhat trendy, or they have some sort of gimmick, or they're somewhat expensive. And they make a lot of money off drinks. I tell people don't go to most of them, unless your goal is just to socialize.

Money People Goal Go Washington Off

For the U.S., I think we should have a carbon tax, for environmental reasons.

Environmental Think Tax Reasons

I think as individuals, people overrate the virtues of local food. Most of the energy consumption in our food system is not caused by transportation. Sometimes local food is more energy efficient. But often it's not. The strongest case for locavorism is to eat less that's flown on planes, and not to worry about boats.

Food People Energy Think Worry More

To get anything done, Obama has to be seen as having winning economy - which isn't easy.

Winning Easy Done Economy Anything

Presidents always want to do nice, noble, long-run things, and Congress is less keen to do so. We've seen that throughout the history of this country.

History Country Congress Nice Want

In truth, it's not the shareholders of the American International Group who benefited most from its bailout; they were mostly wiped out. The great beneficiaries have been the creditors and counterparties at the other end of A.I.G.'s derivatives deals - firms like Goldman Sachs, Merrill Lynch, Deutsche Bank, Societe Generale, Barclays and UBS.

Truth Great End American Group Out

What the banking system needs is creditors who monitor risk and cut their exposure when that risk is too high. Unlike regulators, creditors and counterparties know the details of a deal and have their own money on the line.

Money Details Know Risk Line High

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