Garett Jones - IQ and the wealth of individuals

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In this conversation, we explore the significance of national IQ over individual IQ, the impact of cultural externalities on immigration, and the disparities in income across countries. We also discuss the implications of population decline, fiscal responsibility, and the role of the US in global economics. The conversation also delves into the concept of smart fractions in innovation, the effects of cultural transplants on immigration policy, and the challenges facing democracy in the West.

Garett Jones is an economist, a professor at George Mason University, and an author. His research covers areas from macroeconomics, monetary policy, and IQ in relation to productivity, short-term business cycles, and economic development. His most recent book is The Culture Transplant: How Migrants Make the Economies They Move To a Lot Like the Ones They Left.

Chapters

00:00 The Importance of National IQ

02:46 Cultural Externalities and Immigration

06:00 Cross-Country Income Disparities

08:45 Population Decline and Economic Implications

12:06 Fiscal Sustainability and Government Spending

14:49 US Hegemony and Global Economics

18:11 Smart Fractions and Innovation

21:10 The Role of Elites in Democracy

23:59 Cultural Transplants and Immigration Policy

27:11 Democracy and Ethnic Diversity

29:57 The Influence of the EU on Eastern Europe

32:46 Leadership and Collaboration

35:56 The Future of Democracy

39:03 Recommended Thinkers and Closing Thoughts