
Accountable to Darwin vs. Accountable to Newton
About this episode
Woodrow Wilson was the only president with a Ph.D. in political science.
He came to office having thought more about how a government functions than most before him or since.
One of his complaints was that too many people in government held the belief that it was a Big Machine: that once you set up a series of rules you could take your hands off the wheel and let the government run on its own forever. They viewed government like physics, with a set of customs and laws that required no updating or second-guessing because they were believed to be precise and perfect as they were.
Wilson thought that was wrong. He viewed government as being a living thing that adapted and evolved.
I really don't care about politics. But he had a theory that I think is so important, and so applicable, to us ordinary people managing our money.
Get every episode summarized
Each time The Morgan Housel Podcast publishes, we email you a written briefing from the transcript — the topics, who appeared, and any specific claims, with the ad reads skipped.
Email me new episodesFree for 3 shows. No card needed.
Hosts & guests
No transcript yet
This episode has not been transcribed. Request it and it moves to the front of the queue.
More episodes
More from The Morgan Housel Podcast

The Richer You Get, The Easier It Is To Imagine Something Better
The Morgan Housel Podcast

$40 Trillion National Debt (And Some Important Context)
The Morgan Housel Podcast

The Sociology of Money: Be Careful Who You Socialize With
The Morgan Housel Podcast

Bitcoin, A Reasonable View of The World, and Passion Is The Inverse of Informati...
The Morgan Housel Podcast