The Truth About Bullsh*t

Today I’m speaking with Garrison Lovely, technology journalist and author of the new book, Obsolete: The AI Industry's Trillion Dollar Race to Replace Us — and How to Stop It (OR Books, 2026). Artificial intelligence is perhaps the most discussed and most misunderstood topic today. Even to the experts and captains of industry, the frontier large language models are essentially black boxes. AI poses many reasons to be both skeptical and optimistic, yet it also poses a fundamental threat to our current economic order and social contract. If AI succeeds, what will it mean for workers, consumers, and the huddled masses who do not own the multi-trillion dollar companies directing the global economy? Garrison Lovely has coined the term, Obsoleting Project to describe the goal of AI companies to build machines that outperform humans on nearly every task. It reimagines technology, not as a tool of efficiency, but rather as a tool that replaces labor full-stop. What happens to our society if they succeed? Garrison’s Obsolete is a fantastic round-up of the most important social and economic challenges posed by AI. I’m thrilled today to have Garrison on The Truth About Bullshit to understand a bit more about the Obsoleting Project.Caleb Zakarin is CEO and Publisher of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today I’m speaking with neuroscientist Stave Ramirez about bullshit and memory. Steve is an associate professor at Boston University, where he runs a lab dedicated to uncovering the mysteries of memory. How memory works, and importantly, how it doesn’t, are crucial questions for understanding everything from the validity of eyewitness testimony to understanding how people overcome traumatic experiences. While the science on memory is far from settled, researchers like Steve are pushing the frontiers of the field forward to better understand how memories are created, stored, and altered. If we can better understand how memory works, we will be better able to understand ourselves. To help us avoid the pitfalls of the bullshit that surrounds the science of memory, I’m pleased to speak with Steve Ramirez. Caleb Zakarin is CEO and Publisher of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today I'm speaking with Mordecai Kurz, Joan Kenney Professor of Economics Emeritus at Stanford University. We are discussing his latest book, Private Power and Democracy's Decline: How to Make Capitalism Support Democracy (MIT Press, 2026). After its high-water mark several decades ago, democracy's status continues to slide globally. Capitalism and democracy, which once seemed to complement each other, now appear at odds. Free-market policies and monopolistic technologies have enriched many while driving inequalities that harm workers. Many have opined on how to fix the political and economic problems of our day, from an embrace of radical libertarian policy to socialist ownership of the means of production. Mordecai Kurz's extensive study of capitalism and democracy charts a path for balancing economic and political freedom. Since the days of Adam Smith, technology has changed rapidly, necessitating new formulations that take into account the private power centers that exercise control much like monarchies did in the Age of Enlightenment. Despite the imbalance, capitalism still remains a driver of technological progress and innovation. How can we make both capitalism and democracy work for the good of everyone? I'm happy today to get the chance to speak with such an illustrious scholar and to learn a bit more about how to understand this defining puzzle of our age. Caleb Zakarin is CEO and Publisher of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Like many people, I've been following the developments of AI, testing out new models and following the deluge of news stories about the fight for supremacy. Much has been written about the existential and economic risks posed by AI, but the political implications of superintelligent systems have often been sidelined. In the United States and elsewhere, AI companies steam ahead with little regulation or oversight. Meanwhile, politicians appear flatfooted and unsure about the best way to integrate AI into the government to make democracies stronger and more responsive to the needs and will of the people. AI will undeniably change how governments work, but how can we ensure that democracy and individual rights are safeguarded amidst the most transformative technological revolution in more than a century? Today I'm speaking with Andrew Sorota, Head of Research for the Office of Eric Schmidt. Andrew has written extensively about the relationship between democracy and artificial intelligence. His writing has appeared in outlets like the New York Times and Noema magazine. Andrew will dispel many myths about AI, where he looks to call bullshit on the idea that democracy is a system heading fast into the dustbin of history. Follow Andrew Sorota on LinkedIn "This Is No Way to Rule a Country" in the New York Times "Rescuing Democracy From The Quiet Rule Of AI" in Noema Andrew Sorota is currently Head of Research for the Office of Eric Schmidt. Caleb Zakarin is CEO and Publisher of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today I have the pleasure of speaking with Gary Hoover about his new book, Ladder or Lottery: Economic Promises and the Reality of Who Gets Ahead (University of California Press, 2026). Gary is Professor of Economics and Executive Director of the Murphy Institute at Tulane University. One of the most challenging aspects of life is that sometimes, despite our very best efforts, we still miss the mark. Life can feel like a lottery, where success comes down to luck or the privilege to have the resources to buy as many lottery tickets as possible. For some, life appears like a ladder. No matter where you start, all you need to do is climb to get to the top. These metaphors encapsulate the dilemmas explored by Gary in his important work, as he examines in a variety of case studies whether economic conditions look more like a ladder or more like a lottery. When enough people feel that the system is more like a lottery than a ladder, social order breaks down, protests erupt, and, on occasion, revolutions take place. To take on this weighty topic, I’m thrilled today to have Gary Hoover on the podcast. Gary A. Hoover is Executive Director of the Murphy Institute, Professor of Economics, and Affiliate Professor of Law at Tulane University. Caleb Zakarin is the CEO and Publisher of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Doubts about the international dominance of the dollar are only growing amid worries about tariffs, political dysfunction, and fraying international alliances. Will the dollar continue to reign supreme? In Money Beyond Borders, the leading authority on international currencies, Barry Eichengreen, puts the dollar's prospects in deep historical perspective by chronicling the entire history of cross-border currencies, from the invention of coins in the seventh century BCE to the cryptocurrencies of today and the central bank digital currencies of tomorrow. Money Beyond Borders: Global Currencies from Croesus to Crypto (Princeton University Press, 2026) recounts how Greek and Roman coins became the first true international currencies. It tells how the Florentine gold florin became the "greenback of the Renaissance," and how it was succeeded by Spanish silver and a Dutch fiat currency. The book explains why the British pound dominated the international economy in the nineteenth century, why the dollar rose to the top during World War II, and why the dollar has survived predictions of the imminent loss of its preeminence since the 1970s. The long history of international currencies shows that the same factors that encourage their widespread use eventually lead to their abandonment. Money Beyond Borders makes a powerful case that the dollar is now on the downside of this cycle, and it considers who the winners and losers will be when there is flight away from the greenback. Revealing important patterns in the life cycles of international currencies over the past 2,500 years, the book offers valuable lessons and insights about how currencies rise--and why they fall. Barry Eichengreen is the George C. and Helen N. Pardee Chair and Distinguished Professor of Economics and Political Science at the University of California, Berkeley. Caleb Zakarin is the CEO and Publisher of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today I’m speaking with economist Bryan Caplan about education and bullshit, with a particular focus on his book, The Case Against Education: Why the Education System Is a Waste of Time and Money (Princeton University Press, 2018). In our modern economy, possessing a college degree feels like a necessity for professional advancement. The age of good jobs for college dropouts is largely gone as more people spend more time in the classroom, writing papers, taking tests, and, of course, goofing off. On the one hand, policymakers celebrate the additional degrees attained by more people. Surely a more educated society means a more intelligent and productive one. It’s no secret that college grads make more money than dropouts, and high school grads make more than those who didn’t complete 12th grade. Why is this the case? Does more education truly endow students with the skills necessary to succeed in the working world, or does education merely serve to certify that an individual has the intelligence and people skills needed to succeed? If the primary value of education is to signal conformity to employers’ expectations, then education as we know it is a waste of time, energy, and money. Degrees range in practicality, but most—like economics—hardly spend time teaching the kinds of skills that translate to the jobs most graduates actually take. As Bryan puts it, “As far as I can tell, the only marketable skill I teach is how to be an economics professor.” The world certainly needs some economics professors, but the sentiment behind the point reflects an undeniable dirty little secret. Professors, by and large, teach students about their favorite subjects, not skills for career success. For years, I’ve trumpeted the line that the purpose of higher education is not to teach skills but rather to teach students how to think. The Case Against Education deflates this argument with statistics and great humor. As the type of student who loved taking Russian literature, political philosophy, and economic history, I’m thrilled to speak with Bryan Caplan about bullshit and education. Bryan Caplan is Professor of Economics at George Mason University. Caleb Zakarin is CEO and Publisher of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today I’m speaking with Hélène Landemore, Professor of Political Science at Yale University, about Democracy and Bullshit, with a special focus on her 2020 book, Open Democracy: Reinventing Popular Rule for the Twenty-First Century (Princeton University Press, 2020). Bullshit is a feature of both democracies and dictatorships alike, but it takes different forms. In democracies, while citizens enjoy the freedom of speech and the right to vote, a range of forces often conspire to limit their real power in favor of competing elites. The political and economic elite’s toolkit includes the art of bullshit—the persuasive use of language without regard for truth. Whether meritocratic or populist, elites alike have mastered this form of manipulation, amplified by modern tools of dissemination and authority. To help us understand the challenges that bullshit poses to democratic citizens, I’m pleased to welcome Hélène Landemore. Hélène Landemore is a professor of political science at Yale University. Caleb Zakarin is editor of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today we’re continuing our series on Harry Frankfurt’s seminal work, On Bullshit. I have the privilege to speak with Arvind Narayanan co-author of the book AI Snake Oil: What Artificial Intelligence Can Do, What it Can’t, and How to Tell the Difference (Princeton University Press, 2024). Arvind is the perfect guest to explore the subject of bullshit in AI as AI Snake Oil takes on the ridiculous hype ascribed to the promise of AI. AI chatbots often hallucinate and many of the promoters of AI engage in the art of bullshit when selling people on wild and crazy AI applications. Arvind Narayanan is professor of computer science at Princeton University and director of its Center for Information Technology Policy. Caleb Zakarin is editor of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today we’re continuing our series on philosopher Harry Frankfurt’s seminal work, On Bullshit. Our guest is Michael Patrick Lynch, Provost Professor of the Humanities and Board of Trustees Distinguished Professor of Philosophy at the University of Connecticut. Michael is the author of the recently published book, On Truth in Politics: Why Democracy Demands It (Princeton University Press, 2025). The topic of our discussion today will be on bullshit in politics, and how we might think about ways to combat it. Caleb Zakarin is editor of the New Books Network. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.