Last week, I sat down with economist Tyler Cowen, of Marginal Revolution and Ethnic Dining Guide fame to talk about his brand-spanking-new book, The Complacent Class: The Self-Defeating Quest for the American Dream on his home turf at the Mercatus Center at George Mason University.
Cowen posits that "restlessness, ambition, and innovation are key American traits. But today, Americans are working harder than ever to avoid change" and notes that Americans are less inclined to pick up stakes and move, less likely to start a business, more likely to marry someone very similar to themselves, and increasingly focused on minimizing exposure to new, challenging, or different experiences. "As a result, we could see a version of America that is more segregated, more unequal, and no longer the leader of tomorrow's greatest achievements."
This chat covers a lot of territory, but if you only have a couple of minutes to listen, skip to 49:45 to hear Tyler go full economist on his hopes for his final moments.