"Econ 102" with Noah Smith and Erik Torenberg

Noah breaks down the number one issue no one is grappling with in regards to tariffs on China. For full shownotes, visit highlight: https://highlightai.com/share/1835116c-516d-4cab-a2ee-19f4504bc263--Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess--SPONSOR:GiveWellGiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. Select PODCAST and enter Econ 102 at checkout to make sure they know you heard about them from us.--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg delivers a masterful analysis of American progressivism's rise, fall, and potential future resurrection as a class-focused movement in the 2030s. For full show notes, visit: https://highlightai.com/share/c29e2f67-3580-4753-913b-f87c744c6118--📰Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiveaccess --RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: GiveWellGiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. Select PODCAST and enter Econ 102 at checkout to make sure they know you heard about them from us. Weights & Biases Weights & Biases Weave is a lightweight AI developer toolkit designed to simplify your LLM app development. With Weave, you can trace and debug input, metadata and output with just 2 lines of code. Make real progress on your LLM development and visit the following link to get started with Weave today: https://wandb.me/crANROK is the enterprise-grade solution that automates sales tax compliance worldwide. Anrok tracks your exposure, calculates tax, and handles filings—all in one platform. Trusted by Notion, Anthropic, and Vanta. Visit https://www.anrok.com/turpentine to claim your free nexus study and take control of your SaaS tax strategy.📝NOTION offers powerful workflow and automation templates, perfect for streamlining processes and laying the groundwork for AI-driven automation. With Notion AI, you can search across thousands of documents from various platforms, generating highly relevant analysis and content tailored just for you - try it for free at https://www.notion.com/product/ai?utm_source=podcasts&utm_medium=upstreampod--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Noah Smith breaks down the last two decades of US-China policy shifts - and where we go from here in anticipation of the November election. Let us know if you like these short-form Econ 102 friday bonus episodes by emailing [email protected] notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess--SPONSOR:GiveWellGiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. Select PODCAST and enter Econ 102 at checkout to make sure they know you heard about them from us.--TIMESTAMPS:(00:00) Intro(01:18) Evolutions on America's approach to China(02:08) Obama's engagement strategy with China (03:07) Trump's paradigm shift in China policy (04:14) Biden's constructive approach to China policy s (06:02) Discussion on Trump's financial situation(07:09) China's history of influencing critics (08:11) Sponsor: GiveWell(09:21) Outro Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg tackle the shift in economic research from empirical studies to "big think" theories, critically examine Acemoglu's work on institutions and AI's impact on jobs, and debate the future of economics as a science.--🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: GiveWellGiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. Select PODCAST and enter Econ 102 at checkout to make sure they know you heard about them from us. Weights & Biases Weights & Biases Weave is a lightweight AI developer toolkit designed to simplify your LLM app development. With Weave, you can trace and debug input, metadata and output with just 2 lines of code. Make real progress on your LLM development and visit the following link to get started with Weave today: https://wandb.me/cr NetSuiteMore than 40,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. If you're looking for an ERP platform, get a one-of-a-kind flexible financing program on NetSuite: https://netsuite.com/102ANROK is the enterprise-grade solution that automates sales tax compliance worldwide. Anrok tracks your exposure, calculates tax, and handles filings—all in one platform. Trusted by Notion, Anthropic, and Vanta. Visit https://www.anrok.com/turpentine to claim your free nexus study and take control of your SaaS tax strategy.Carta📑Discover Carta, the innovative end-to-end accounting platform revolutionizing private fund management with streamlined operations and on-demand insights. Experience the new standard at https://carta.com/investors--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/Why Nations Fail: https://en.wikipedia.org/wiki/Why_Nations_Fail--TIMESTAMPS:(00:00) Intro(01:14) Shift in economic theories(07:16) Influence of economic theories on practice(10:10) Acemoglu's contributions and skepticism(12:09) Why Nations Fail: A Deep dive(12:52) Sponsors: GiveWell | Weights & Biases(15:03) Evaluating institutional theories(23:01) Hayek's market theories in an AI world(25:06) Debating AI and automation(28:23) AI's Impact on employment(29:43) Power and Progress(30:13) Sponsors: Netsuite | Anrok | Carta(33:11) Impact of technology on job creation(37:20) Macroeconomic impact of AI(42:08) Economics: Big think vs. Humble work(46:13) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, Noah Smith and Erik Torenberg discuss the political nuances that influence the Republican and Democratic parties in the U.S. They explore the historical shifts in party dynamics, immigration policies, and the evolving economic strategies under potential future administrations. --🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: GiveWellGiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. Select PODCAST and enter Econ 102 at checkout to make sure they know you heard about them from us. Weights & Biases Weights & Biases Weave is a lightweight AI developer toolkit designed to simplify your LLM app development. With Weave, you can trace and debug input, metadata and output with just 2 lines of code. Make real progress on your LLM development and visit the following link to get started with Weave today: https://wandb.me/cr NetSuiteMore than 40,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. If you're looking for an ERP platform, get a one-of-a-kind flexible financing program on NetSuite: https://netsuite.com/102--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/The Democrats are a strong party, the Republicans are a weak party: https://www.noahpinion.blog/p/the-democrats-are-a-strong-party--TIMESTAMPS:(00:00) Intro(00:43) Noah's kook and Japanese influence(01:56) Trump and the Republican party(07:44) Role of party elders and Biden's decision(13:31) Historical context of party strength(19:42) Sponsors: GiveWell | Weights & Biases(21:53) Future of the Republican party(29:14) Immigration and labor laws(30:48) Historical context of immigrant voting(35:47) Sponsor: Netsuite(36:44) Democratic party and immigration policies(45:57) Foreign policy dynamics(52:34) Kamala Harris's economic plan(56:21) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, Noah Smith and Erik Torenberg unpack China's economic strategies under Xi Jinping, from the controversial tech crackdown to the ambitious Belt and Road Initiative. They explore the intricacies of international currency dynamics, dissect Ben Bernanke's pivotal role in the 2008 financial crisis, and examine the complex effects of brain drain on developing nations.--🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: GiveWellGiveWell spends 50,000 hours every year doing deep-dives into different charitable programs to try to find the ways to do the most good for your dollar. GiveWell has now spent over 17 years researching charitable organizations and only directs funding to a few of the HIGHEST-IMPACT opportunities they’ve found. Visit https://www.givewell.org to find out more or make a donation. Select PODCAST and enter Econ 102 at checkout to make sure they know you heard about them from us. Weights & Biases Weights & Biases Weave is a lightweight AI developer toolkit designed to simplify your LLM app development. With Weave, you can trace and debug input, metadata and output with just 2 lines of code. Make real progress on your LLM development and visit the following link to get started with Weave today: https://wandb.me/crAltea🚀Elevate your investment game with Altea by Alts.co. Discover vetted deals in unconventional asset classes, network with captivating individuals, and indulge in exclusive travel experiences. Ready to invest in pro sports teams or film financing? Apply now at www.alts.co/102 and redefine your investment journey.Dealcraft🎙️ Dealcraft: Insights from Great Negotiators is the brand new weekly podcast that features interviews with world’s greatest dealmakers and diplomats, including Former Secretary of State Henry Kissinger, Blackstone CEO Steve Schwarzman, and music industry super-lawyer John Branca, on their most challenging negotiations. Each episode, host Jim Sebenius (Harvard Business School professor and renowned negotiation expert) relates fascinating deal stories and distills useful insights for listeners to apply in their toughest deals and disputes.Apple: https://link.chtbl.com/3CG3TbHY?sid=Turpentine--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(01:02) Japan's economic revival(03:18) Foreign Direct Investment (FDI) insights(11:27) Brain drain vs. Brain gain(18:30) Sponsors: GiveWell | Weights & Biases(20:38) Impact of U.S. inflation on global economies(24:26) Countries reliance of dollar(28:22) Future of the US dollar as a reserve currency(30:58) China's economic stimulus and bank bailouts(35:23) Sponsors: Alts | Dealcraft(37:16) 2008 bank bailout(39:02) Xi Jinping's economic and political missteps(44:37) Belt and Road initiative(47:15) China's internal struggles and leadership(49:42) Strategies for China's future success(53:25) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg dive into the complexities of immigration, global economic development, and cultural stereotypes. Noah also shares insights from his upcoming book on reviving Japan's economy, examining strategies like innovation, reforming large corporations, and attracting foreign investments.--🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: Weights & Biases Weights & Biases Weave is a lightweight AI developer toolkit designed to simplify your LLM app development. With Weave, you can trace and debug input, metadata and output with just 2 lines of code. Make real progress on your LLM development and visit the following link to get started with Weave today: https://wandb.me/cr NetSuite📈 More than 40,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud ERP bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's guide to AI and Machine Learning at https://netsuite.com/102WorkOS🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine-Network--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:46) Noah's book preview: Reviving Japan's Economy(02:02) Role of foreign investment in Japan(06:28) Prediction markets and economic bets(11:13) Developed vs. Developing economies(17:51) Sponsors: Weights & Biases | Netsuite(19:50) China's future economic challenges(24:30) Immigration and small town revitalization(27:27) Balaji’s analogy on immigration (34:51) Balanced approach to immigration(39:28) Sponsor: WorkOs(40:30) Reviving midwest towns(44:13) Historical perspectives on immigration(51:35) Challenging scientific racism(01:01:37) Celebrating the average American(01:02:43) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg explore the complexities surrounding fracking, China's economic growth and challenges, and tackle a controversy in Springfield involving false claims about Haitian immigrants and the larger implications for U.S. immigration policy.--🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: Weights & Biases Weights & Biases Weave is a lightweight AI developer toolkit designed to simplify your LLM app development. With Weave, you can trace and debug input, metadata and output with just 2 lines of code. Make real progress on your LLM development and visit the following link to get started with Weave today: https://wandb.me/cr NetSuiteMore than 37,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. If you're looking for an ERP platform, get a one-of-a-kind flexible financing program on NetSuite: https://netsuite.com/102WorkOS🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine-Network--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/Harris needs to be Pennsylvania fracking's biggest champion: https://www.noahpinion.blog/p/harris-needs-to-be-pennsylvania-frackings--TIMESTAMPS:(00:00) Intro(00:38) Evolution of fracking(02:30) Environmental impact of fracking(05:14) Fracking and geopolitics(07:08) Shift to renewable energy(11:18) Challenges and future of wind energy(15:16) Nuclear power(18:45) Sponsors: Weights & Biases | Netsuite(20:10) China's economic growth and urban development(32:51) Sponsor: WorkOs(33:16) Understanding recessions(35:52) Keynesian recession and deflation (38:00) China's economic evolution(42:39) Haitian immigration controversy(48:55) Moral implications of political falsehoods(58:12) Reflecting on immigration and American values(01:00:47) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Brad DeLong tackle pressing topics such as the potential for a 'China Shock 2', the effectiveness of missile defense systems, and the shifting role of economists since the Great Recession. They also explore the nuances of economic theory, policy implementation, and real-world outcomes, particularly in a fast-paced information age. --🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: NetSuiteMore than 37,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. If you're looking for an ERP platform, get a one-of-a-kind flexible financing program on NetSuite: https://netsuite.com/102Altea🚀Elevate your investment game with Altea by Alts.co. Discover vetted deals in unconventional asset classes, network with captivating individuals, and indulge in exclusive travel experiences. Ready to invest in pro sports teams or film financing? Apply now at www.alts.co/102 and redefine your investment journey.WorkOS🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine-Network--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/Hexapedia links:APPLE - https://podcasts.apple.com/us/podcast/hexapodia-is-the-key-insight-by-noah-smith-brad-delong/id1552990332SPOTIFY - https://open.spotify.com/show/2uHLn3k2PrhY3exPs1sUeBReferences:Brad DeLong: https://braddelong.substack.com/Smith, Noah. 2024. “Why so many of us were wrong about missile defense”. Noahpinion. April 15. Smith, Noah. 2024. “Twilight of the economists?” Noahpinion. April 12. Smith, Noah. 2024. “The decade of the Second China Shock”. March 23.Vinge, Vernor. 1999. A Deepness in the Sky. New York: Tor Books--TIMESTAMPS:(00:00) Intro(02:10) China Shock 2.0(07:30) Debating U.S. policy responses(09:59) China's manufacturing and global trade(18:21) Market economies of Europe and Japan(22:58) Sponsors: Netsuite | Alts(25:02) Importance of taking preemptive actions(32:08) Financial capitalism vs. Industrial policy(33:40) Sponsor: WorkOS(35:21) Financial Capitalism and Intel's Struggles(35:51) Critique of economists and economics(37:03) State of the economics profession(40:31) Economists' influence on policy(48:18) Missile defense and Its Implications(51:55) Russia's military strategy and economic constraints(59:56) Future of warfare and economic mobilization(01:07:14) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg summon their next dream guest and tackle some listener questions, including the role of economists in predicting outcomes, China's industrial strategy, the new axis, the state of Germany and Britain, and the legacy of neoliberalism.--🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST: 🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: WorkOS🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine-Network--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia--LINKS:Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:26) Noah's trip to Poland(01:31) Summoning dream guests - Sergey come on the pod!(02:43) Mailbag Q: Why listen to economists?(09:18) Corporate income taxes and policy(11:59) Unrealized gains(15:18) China's industrial strategy and global relations(17:37) The New Axis(21:25) Potential for World War III(24:06) Sponsor: WorkOS(25:08) Best industrial policy for small landlocked South Asian nations(25:47) Drug prizes in the US(27:29) Nationalistic standpoint and fiscal rules(31:08) Controversies around national sales tax(33:01) Geothermal energy and the future of oil industry(35:54) Germany's energy and economic policies(38:52) State of Britain and Immigration Issues(47:41) The legacy of Neoliberalism(53:13) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, Noah Smith and Erik Torenberg are joined by Dario Amodei, CEO and Co-founder of Anthropic. Dario talks about the economics of AI development, the comparative advantage of AI companies like Anthropic, AI safety, and his stance on California's SB 1047 bill. They also discuss the impacts of AI on global power dynamics, competition between the US and China, and inequality in an AI-powered world.--🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST:🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: NetSuite | Babbel | WorkOS📈 More than 37,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. If you're looking for an ERP platform, get a one-of-a-kind flexible financing program on NetSuite: netsuite.com/102🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/econ102🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine-Network--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] ON X:@noahpinion@eriktorenberg@anthropicAI@turpentinemedia--LINKS:Anthropic: https://www.anthropic.com/Noahpinion: https://www.noahpinion.blog/Elon Musk's endorsement of SB 1047: https://x.com/elonmusk/status/1828205685386936567--TIMESTAMPS:(00:00) Intro(02:06) Dario’s intellectual evolution(04:18) Is Google the Bell Labs of AI?(07:48) Economic moats in AI(10:13) Scaling hypothesis and AI’s future(14:46) National security and AI(16:44) Leopold Aschenbrenner's essay(18:14) AI’s impact on business models(24:19) Noah's big thesis(27:13) Sponsors: NetSuite | Babbel(29:23) AI arms races?(33:41) AI’s impact on labor and skill distribution(38:05) Sponsor: WorkOS(39:06) Future of AI and a hyperscaling world(41:42) A vision of radical abundance(47:14) AI safety and inequality(51:23) The SB 1047 debate(56:13) Rabbit alignment problem(58:41) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg explore the the policies of Kamala Harris and Donald Trump, complexities of housing affordability and wealth storage, challenges in immigration policies, and critique the effectiveness of tariffs.🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqjRECOMMENDED PODCAST:🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: WORKOS | BABBEL🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine-Network🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/econ102--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/Harris has the right idea on housing: https://www.noahpinion.blog/p/harris-has-the-right-idea-on-housing--TIMESTAMPS:(00:00) Intro(00:48) Discussing housing policy(05:53) Singapore's housing model(10:54) Kamala Harris' housing plan(12:32) Federal vs. Local housing regulations(14:32) Grocery store price gouging debate(22:28) Mass deportation policies(24:23) Sponsors: WorkOS | Babbel(26:51) Illegal Immigration(31:58) Economic impact of immigration(37:12) Cultural disruptions from immigration(43:37) Tariffs and trade policies(49:35) Republican focus on immigration(57:31) Export controls and Chinese chip industry(01:00:29) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg discuss the differentiation between technology and 'tech' as an investment category, the future of AI, potential profitability of AI companies, and the challenges faced by VC investors in the AI space.🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCASTS:🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: NETSUITE | BABBEL | WORKOS📈 More than 37,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. If you're looking for an ERP platform, get a one-of-a-kind flexible financing program on NetSuite: netsuite.com/102🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/econ102🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-TCR--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/Some thoughts on the future of the tech industry: https://www.noahpinion.blog/p/some-thoughts-on-the-future-of-the_TIMESTAMPS:(00:00) Intro(00:23) State of technology: Optimism vs. realism(07:18) Consumer social and the limits of innovation(11:10) Role of AI in education and healthcare(18:35) Sponsors: Babbel | WorkOS(20:44) Impact of incumbents on innovation(25:28) Future of e-commerce and remote work(31:52) Sponsor: NetSuite(32:59) Future of AI in venture capital(36:13) Economic impacts of AI adoption(40:52) Challenges in AI profitability(43:33) Role of big tech in AI(50:24) Political shifts in the tech industry(01:03:13) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, Noah Smith and Erik Torenberg discuss the implications of Tim Walz as Kamala Harris' VP pick, the stock market chaos of Monday August 5th, the state of the U.S. economy, the economic collapse of Venezuela, and the growth of East Asian countries. 🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCASTS:🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinberg's monthly backchannel. They unpack their hottest takes on the future of tech, business, venture, investing, and politics.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1765665937Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSzYouTube: https://www.youtube.com/@ThisWontLastpodcast--SPONSORS: BABBEL | WORKOS🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/econ102🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-TCR--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/Who's "weird"?: https://www.noahpinion.blog/p/whos-weird_TIMESTAMPS:(00:00) Intro(00:27) Discussion on the VP pick(08:49) Democrats and the strategy of 'Return to Normalcy'(09:56) The Weirdness Discourse(17:11) Sponsors: Babbel | WorkOS(19:38) ‘Weirdness’ in politics(23:44) Kamala's inconsistency(26:16) Economic updates and market sentiment(32:54) Economic indicators and unemployment trends(36:23) Concerns about national debt(40:00) The dollar milkshake theory(42:07) Venezuela's economic collapse(51:04) East Asian economic success stories(01:00:01) China's growth and success(01:03:44) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today's episode, Noah Smith and Erik Torenberg tackle pressing listener questions focused on the economic impact of AI, software, immigration, and more. They also cover the potential for economic development in poor countries and the evolving nature of industrial policy in the US and China.🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj-RECOMMENDED PODCASTS:🎙️1 to 100 | Hypergrowth Companies Worth JoiningEvery week we sit down with the founder of a hyper-growth company you should consider joining. Our goal is to give you the inside story behind breakout, early stage companies potentially worth betting your career on. This season, discover how the founders of Modal Labs, Clay, Mercor, and more built their products, cultures, and companies.Spotify:https://open.spotify.com/show/70NOWtWDY995C8qDqojxGwApple: https://podcasts.apple.com/podcast/id1762756034-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BABBEL | WORKOS🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at https://get.babbel.com/econ102🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/_TIMESTAMPS:(00:00) Intro(00:32) Economic development in poor countries(05:31) Role of Foreign Aid(08:03) Universal Basic Income and parenting(11:47) Software and inequality(21:50) Impact of AI on employment(25:55) Sponsors: Babbel | WorkOS(28:22) Existing AI capabilities(36:06) Immigration impacts(44:35) Shifting progressive economic policies(54:12) China's industrial policy vs. US(01:00:59) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg discuss the potential of Kamala Harris as a presidential nominee, President Biden’s legacy, impact of COVID-19 on the economy and inflation, and the recent shifts in U.S. foreign relations and immigration policies.🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCASTS:🎙️1 to 100 | Hypergrowth Companies Worth JoiningEvery week we sit down with the founder of a hyper-growth company you should consider joining. Our goal is to give you the inside story behind breakout, early stage companies potentially worth betting your career on. This season, discover how the founders of Modal Labs, Clay, Mercor, and more built their products, cultures, and companies.Spotify:https://open.spotify.com/show/70NOWtWDY995C8qDqojxGwApple: https://podcasts.apple.com/podcast/id1762756034-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BEEHIIV | BABBEL | WORKOS🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at https://get.babbel.com/econ102🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three months🛠️ Building an enterprise-ready SaaS app? WorkOS has got you covered with easy-to-integrate APIs for SAML, SCIM, and more. Join top startups like Vercel, Perplexity, Jasper & Webflow in powering your app with WorkOS. Enjoy a free tier for up to 1M users! Start now at https://bit.ly/WorkOS-Turpentine--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/_TIMESTAMPS:(00:00) Intro(00:17) Kamala Harris's political prospects(05:04) Biden's legacy and presidential impact(11:07) Sponsors: Babbel | Beehiiv(13:42) COVID-19 vaccine release(16:03) Inflation and economic policies(22:53) Industrial policy and trade(28:48) Sponsor: WorkOs(29:49) Impact of Trump’s presidency(33:54) Trump vs. Biden(38:37) Afghanistan withdrawal and the role of Trump and Biden(46:24) Ukraine: Biden administration's response(54:32) Biden's big challenge on immigration(58:00) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg discuss the nomination of JD Vance as Vice President, Trump's political strategies, and the potential geopolitical shifts with a focus on China. The conversation also covers Biden's policy continuity and the role of tech leaders in shaping political directions. 🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCASTS:🎙️1 to 100 | Hypergrowth Companies Worth JoiningEvery week we sit down with the founder of a hyper-growth company you should consider joining. Our goal is to give you the inside story behind breakout, early stage companies potentially worth betting your career on. This season, discover how the founders of Modal Labs, Clay, Mercor, and more built their products, cultures, and companies.Spotify:https://open.spotify.com/show/70NOWtWDY995C8qDqojxGwApple: https://podcasts.apple.com/podcast/id1762756034-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BEEHIIV | BABBEL | COMMANDBAR | WARP🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at https://get.babbel.com/econ102🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three months🦾 Level up your ineffective website chatbot with CommandBar. CommandBar builds a new type of web assistant which delivers highly personalized responses, real time co-browsing, and can perform actions on behalf of the users. Learn how Hashicorp, Gusto, Freshworks and more use CommandBar at https://commandbar.com/mozThis episode is brought to you by Warp. Don’t let payroll and compliance hold your startup back: visit https://joinwarp.com/peel to get started and receive a $1000 gift card when your first run payroll.--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/_TIMESTAMPS:(00:00) Intro(00:22) Analyzing J.D. Vance's VP Nomination(03:11) J.D. Vance's policy positions and influence(09:14) Trump's foreign policy and asia focus(14:07) Healthcare spending and political shifts(17:58) Biden's continuation of Trump policies(22:36) Sponsors: Beehiiv and Babbel(25:11) Potential changes if Trump gets re-elected(26:34) Silicon Valley's political shift(33:46) Democrats' relationship with technology(37:06) Elon Musk's political shift(46:40) Sponsors: CommandBar and Warp(48:51) Current state of stability in the US(55:49) Future of U.S.-China relations(59:22) Importance of patriotism in the 2030s(01:04:52) Role of tech leaders in influencing politics(01:05:12) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on ECON 102, Noah Smith and Erik Torenberg discuss the Republican Party platform and its focus on economic issues. They also cover the influence of Trump-era policies, the evolving stance on immigration policies, cost reduction on education, housing and healthcare - and what Noah would do if he was the enlightened despot in charge of the US. 🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCAST:🎙️ Second Opinion - A new podcast for health-tech insiders from Christina Farr of the Second Opinion newsletter. Join Christina Farr, Luba Greenwood, and Ash Zenooz every week as they challenge industry experts with tough questions about the best bets in health-tech.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1759267211Spotify: https://open.spotify.com/show/0A8NwQE976s32zdBbZw6bv-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BEEHIIV | BABBEL | COMMANDBAR | WARP🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at https://get.babbel.com/econ102🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three months🦾 Level up your ineffective website chatbot with CommandBar. CommandBar builds a new type of web assistant which delivers highly personalized responses, real time co-browsing, and can perform actions on behalf of the users. Learn how Hashicorp, Gusto, Freshworks and more use CommandBar at https://commandbar.com/mozThis episode is brought to you by Warp. Don’t let payroll and compliance hold your startup back: visit https://joinwarp.com/peel to get started and receive a $1000 gift card when your first run payroll.--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Let's evaluate the whole Republican party platform!: https://www.noahpinion.blog/p/lets-evaluate-the-whole-republicanNoahpinion: https://www.noahpinion.blog/_TIMESTAMPS:(00:00) Intro(00:19) Analyzing the Republican Party Platform(01:53) Economic focus of the platform(02:25) Cultural shifts in the Republican Party(05:19) Comparing past and present platforms(09:10) Immigration policies and their impact(12:03) Sponsors: Beehiiv and Babbel(14:38) Inflation and economic strategies(20:15) Merit-based immigration and family reunification(24:48) Building the greatest economy in history(27:47) Sponsors: CommandBar and Warp(29:59) Role of government in elder care(33:42) Proposed solutions for California's budget(36:26) Reducing costs in education, housing, and healthcare(42:04) Boosting exports and trade policies(45:41) Manufacturing productivity and challenges(57:08) Trump's impact on Republican policies(01:00:36) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg celebrate America by discussing its future. They explore the 2024 presidential outlook, the Chevron ruling from the Supreme Court, and the polarization of the education system. Noah and Erik also discuss where wokeness goes from here, and the potential outcomes of integrating more conservatives into the civil service through initiatives like Project 2025. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCAST:🎙️ Second Opinion - A new podcast for health-tech insiders from Christina Farr of the Second Opinion newsletter. Join Christina Farr, Luba Greenwood, and Ash Zenooz every week as they challenge industry experts with tough questions about the best bets in health-tech.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1759267211Spotify: https://open.spotify.com/show/0A8NwQE976s32zdBbZw6bv-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BABBEL | BEEHIIV | WARP | METAVIEW🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at https://get.babbel.com/🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three monthsThis episode is brought to you by Warp. Don’t let payroll and compliance hold your startup back: visit https://joinwarp.com/peel to get started and receive a $1000 gift card when your first run payroll.Metaview is the AI assistant for interviewing. Metaview completely removes the need for recruiters and hiring managers to take notes during interviews—because their AI is designed to take world-class interview notes for you. Team builders at companies like Brex, Hellofresh, and Quora say Metaview has changed the game—see the magic for yourself: https://www.metaview.ai/heretics--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/_TIMESTAMPS:(00:00) Intro(01:55) Debate on Biden and Trump's political future(03:13) Kamala Harris and democratic strategy(07:10) Deep state and government fiefdoms(11:34) Bernie Sanders and election interference(14:00) Chevron ruling and regulatory power(19:14) Sponsors: Beehiiv | Babbel(21:49) Project 2025 and civil service polarization(29:41) Floyd protests and anti-Trump sentiment(33:08) Palestine protests and political exhaustion(35:14) Sponsors: Warp | Metaview(37:15) Samo Bersia's administrative state proposal(39:06) Role and funding of the Department of Education(41:02) Teachers' unions and education reform(47:40) Class and identity in American society(54:17) Future of basic income and poverty reduction(58:32) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg answer listener questions on intriguing topics from politics to personal relationships. They analyze Donald Trump, discuss Chomsky's influence on foreign policy, explore the economics of dating markets, and discuss Noah's theory 'why sex leads to love'.🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCAST:🎙️ Second Opinion - A new podcast for health-tech insiders from Christina Farr of the Second Opinion newsletter. Join Christina Farr, Luba Greenwood, and Ash Zenooz every week as they challenge industry experts with tough questions about the best bets in health-tech.Apple Podcasts: https://podcasts.apple.com/us/podcast/id1759267211Spotify: https://open.spotify.com/show/0A8NwQE976s32zdBbZw6bv-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BABBEL | BEEHIIV | WARP🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/econ102🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three monthsThis episode is brought to you by Warp. Don’t let payroll and compliance hold your startup back: visit https://joinwarp.com/peel to get started and receive a $1000 gift card when your first run payroll.--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:20) Assessing Trump's Presidency (03:20) Trump's Presidency: The good and the bad(12:32) Biden vs. Trump: Second term predictions(16:18) Sponsor: Babbel and Beehiiv(18:53) Tech's shift towards Trump(25:20) Chomsky's influence on foreign policy(30:49) Sponsor: Warp(31:48) Anti-American sentiment: A global perspective(35:46) Economic schools of thought(37:08) Ranking federal reserve chairs(41:00) Paul Krugman's legacy(42:49) Economic models and dating markets(47:22) Role of sex in long-term relationships(53:56) Coolidge effect and human relationships(01:00:38) Genetics and long-term passion(01:03:23) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg dive into some listener questions on economics and macroeconomics issues. They discuss the Federal Reserve's strategy on interest rates, the complexities of macroeconomic prediction, the evolution of industrial policy, and pick the best economists of all time.🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj-- RECOMMENDED PODCAST:Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOHApple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BABBEL | BEEHIIV🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/econ102🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three months--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]:Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:35) Federal Reserve's approach to interest rates and inflation(02:48) Challenges in macroeconomic predictions(04:46) Microeconomic foundations of macroeconomics(07:53) Debating the greatest economists(10:19) University economics departments and their cultures(13:25) Great financial crisis: Causes and Misconceptions(18:50) Sponsor: Babbel and Beehiiv(21:25) Stabilizing Nominal Gross Domestic Product (NGDP)(25:50) Mechanisms of fiscal and monetary policy(29:42) Embracing industrial policy(37:13) Challenges in U.S. industrial policy(42:20) Threat of bioweapons and AI(49:21) Economic development with AI and automation(51:23) Economic impacts of high interest rates(53:44) Engaging with policymakers and future initiatives(55:09) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today Noah Smith and Erik Torenberg answer more listener questions covering the surge of support for the hard right in European elections, the impact of immigration in Europe and the US, the future of Social Security, the stability of banks, and the best and worst taxes in the US. They also dive into the negative impact of China conquering Taiwan and why it is important to stand up against China's aggression. 🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--RECOMMENDED PODCAST:Patrick McKenzie (@patio11) talks to experts who understand the complicated but not unknowable systems we rely on. You might be surprised at how quickly Patrick and his guests can put you in the top 1% of understanding for stock trading, tech hiring, and more.Spotify: https://open.spotify.com/show/3Mos4VE3figVXleHDqfXOHApple: https://podcasts.apple.com/id1753399812https://podcasts.apple.com/id1753399812-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BABBEL | BEEHIIV🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at babbel.com/econ102🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three months_SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_LINKS:Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:25) European elections and economic concerns(05:41) Comparing immigration in the US and Europe(12:01) Immigration in Japan and Vietnam(14:01) Brain drain in small countries and economic challenges(15:59) Sponsor: Babbel and Beehiiv(18:34) Social security and population growth(22:04) Banking crisis and regulations(26:56) Taxation: Best and worst practices(32:00) Government spending and infrastructure(37:16) Future of Intel and the chip industry(40:57) Manufacturing vs. Service-based development(49:54) Japan-Korea relations and generational change(56:49) Threat of China and global alliances(01:03:06) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Noah Smith and Erik Torenberg are joined by Kyla Scanlon, creator, writer, analyst, and author of new book “In this Economy?" They discuss the vibecession, the housing crisis, leader fatigue, and the impact of the economy on political polarization and the age of austerity. The conversation also covers the impact of Trump's economic policies, the risk of hyperinflation, and the potential for war with China. Crush your 2024 goals and learn a new language with Babbel - get 60% off at Babbel.com/econ102🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj --Recommended Podcast: The Riff with Byrne HobartByrne Hobart, the writer of The Diff, is revered in Silicon Valley. You can get an hour with him each week. See for yourself how his thinking can upgrade yours.Spotify: https://open.spotify.com/show/6rANlV54GCARLgMOtpkzKtApple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486-🎙️ History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--SPONSORS: BABBEL | BEEHIIV🌐 Ready to achieve your 2024 goals? Start learning a new language with Babbel in just three weeks. Enjoy app lessons, live classes, and podcasts designed for real-world conversations. Get up to 60% off at Babbel.com/econ102🐝 Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. Go to https://beehiiv.com and use code "MOZ" for 20% off your first three months_SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_LINKS:Kyla Scanlon: https://kylascanlon.com/Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:27) Understanding economic misconceptions(02:27) Vibecession(03:36) Interest rates and inflation debate(08:05) Generational wealth and housing(15:06) Sponsor: Babbel and Beehiiv(17:41) Monopolization of land and housing(22:55) Speculation and financial nihilism(28:40) Political influence on economic perception(36:44) Economic polarization and bifurcation(37:12) The Age of Austerity(41:44) Trump's economic policies and potential impact(50:34) Global elections and geopolitical fragmentation(58:10) Comparing Trump to global leaders(59:55) Identifying the biggest risks amidst inflation(01:06:20) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Today Noah Smith and Erik Torenberg discuss the recent angry posts on X from David Austin Walsh, a history postdoc at Yale, and what this controversy says about the social and economic trends of the elite in the US. They also cover the the rise of right-wing muckrakers, discuss what the conservative movement needs now, and who they consider the smartest thinkers today are - on the left and the right.🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--Recommended Podcast: The Riff with Byrne Hobart Byrne Hobart, the writer of The Diff, is revered in Silicon Valley. You can get an hour with him each week. See for yourself how his thinking can upgrade yours.Spotify: https://open.spotify.com/show/6rANlV54GCARLgMOtpkzKtApple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486--SPONSORS: BEEHIIVHead to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 https://beehiiv.com and use code "MOZ" for 20% off your first three months--SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]://www.noahpinion.blog/p/the-case-of-the-angry-history-postdoc--TIMESTAMPS:(00:00) Intro(00:52) Twitter Blow-Up: David Austin Walsh controversy(04:10) Elite Overproduction and academia(08:09) Racial Disparities in academia(14:12) Sponsor: Beehiiv(15:23) Elite overproduction’s implications for politics and academia(20:46) Right-Wing muckrakers and progressive institutions(30:37) Misconceptions about Barack Obama(31:08) The Rise of Mike Solana(33:00) Evolution of progressive and conservative labels(38:33) Smartest leftist(40:48) American Roots of Wokeness(54:20) Future of Conservatism(59:59) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today’s episode, Noah Smith and Erik Torenberg respond to pressing questions on US inflation, the possibility of the US becoming a petro-state, global trade dynamics in the context of geopolitical shifts, the potential impacts of de-dollarization, and the sustainability of defense strategies. They also cover the impact of recent wars, and discuss India and Japan. Thanks to all the listeners who continue to send in their questions!🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit, Twilio, Klaviyo and Rubrik.Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJApple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197--SPONSORS: BEEHIIVHead to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 https://beehiiv.com and use code "MOZ" for 20% off your first three months_SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_LINKS:Noahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(01:45) Exploring Biden's influence on inflation and policy suggestions(05:21) Inflation's impact on national debt(09:34) Role of industrial policy in inflation dynamics(15:47) Is the U.S. Becoming a Petro State?(17:28) Sponsor: Beehiiv(18:39) Discussing federal reserve's balance sheet and monetary policy(23:49) Student loan forgiveness and tariffs(25:38) WTO's role in trade disputes(28:23) Rethinking global trade rules(31:28) Trade agreements and military alliances(32:35) China and Russia: Trade relations and aggressiveness(33:28) China’s capital inflow tax(40:13) India's political landscape and Modi's impact(50:10) Reassessing U.S. military interventions: Vietnam, Afghanistan, and Iraq(53:44) Role of conventional forces in preventing nuclear war(56:46) Japan's currency intervention(57:47) Invitation to Lithuania(58:10) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this week’s episode, Noah Smith and Erik Torenberg explore various aspects of Joe Biden’s presidency to evaluate a case for reelecting Biden, focusing on economic policy shifts, spending concerns, inflation, and industrial policy. They also emphasize the historical and current political dynamics between the U.S. and China, exploring tariffs, trade, oil production, and technology, with a nuanced view of protectionism’s role in national security and economic growth.🔥 Apply to join over 400 founders and Execs in the Turpentine Network: https://hmplogxqz0y.typeform.com/to/JCkphVqj--Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit, Klaviyo and Rubrik - which just IPO’d.--SPONSORS: BEEHIIVHead to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 https://Beehiiv.com and use code "MOZ" for 20% off your first three months_SEND US YOUR Q’s FOR NOAH TO ANSWER ON AIR: [email protected]_LINKS:Noahpinion: The Positive Case for Joe Biden https://www.noahpinion.blog/p/the-positive-case-for-joe-bidenNoahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:19) Positive case for Joe Biden(05:34) Biden’s economic policies and achievements(10:32) Discussing inflation during Biden’s administration(15:00) Sponsor: Beehiiv(16:10) Analyzing the CHIPS Act and Inflation Reduction Act(20:16) Impact of tariffs and permitting challenges(26:16) Tariff Debate: Impact on EVs and global manufacturing(36:51) Alternatives policies and strategies beyond tariffs(39:26) Evolution of America’s approach to China: Obama, Trump, and Biden(46:44) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg discuss the pros and cons of Biden's tax plan based on Noah's recent essay. They also answered listener questions on the German economy's success, Japan's government debt management, and strategies for staying well-informed on economic issues.Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit, Klaviyo and Rubrik - which just IPO'd.Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJApple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197--SPONSORS: BEEHIIV | HARMONICHead to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 https://beehiiv.com and use code "MOZ" for 20% off your first three months🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.)_SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_LINKS:Noahpinion: Biden is Right https://www.noahpinion.blog/p/biden-is-right-that-we-need-to-raiseNoahpinion: https://www.noahpinion.blog/--TIMESTAMPS:(00:00) Intro(00:51) Biden's Tax Plan: A Critical Analysis(10:45) Argument for and Against Tax Increases(15:41) Sponsor: Beehiiv(16:57) Exploring Capital Gains and Inheritance Taxes(23:07) Impact of Inherited Wealth and Productivity(28:17) Potential Impact of Taxing Unrealized Gains(30:02) Sponsor: Harmonic(31:08) Progressive Wage Subsidies vs. UBI(33:12) Political Activism: Then and Now(43:21) Germany's Success in Manufacturing(45:35) Japan's Government Debt and Deflation(47:45) Discrepancy between S&P 500 Growth Rate and GDP Growth Rate(50:42) Effects of Algorithmic Pricing on Competition(53:45) Noah's News Consumption(56:36) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today's episode of Econ 102, Noah Smith and Erik Torenberg tackle more listener questions: the Fed's impact on inflation and the economy, theories behind interest rates' unexpected effects, and 'greedflation'. The discussion also extends to shifts in Japan's economic policies amid currency valuation concerns, housing price disparities between the US and Canada, gentrification, balanced budget amendments, and the geopolitical dynamics between Saudi Arabia and Iran, finishing with thoughts on TikTok. Thank you to everyone who sent in questions. Keep 'em coming: [email protected]: BEEHIIV | WARP | HARMONICHead to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 https://beehiiv.com and use code "MOZ" for 20% off your first three monthsHundreds of startups already trust Warp to handle their payroll and compliance needs - you can go from zero to payroll live in just two days. Don't let payroll and compliance hold your startup back – visit https://joinwarp.com/peel to get started and receive a $1000 gift card when you first run payroll.🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.)_Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more,Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJApple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197_SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_LINKS:Noahpinion: https://www.noahpinion.blog/_TIMESTAMPS:(00:00) Intro(00:53) What if the dollar was no longer the world’s reserve currency?(04:50) Fair taxation(08:20) Level of redistribution in the US(10:30) Lowering inequality by increasing economic growth(18:26) Sponsor: Beehiiv | Harmonic(20:26) Education reform(30:07) Fixing rising costs in healthcare(34:12) Limitations of UBI(39:09) Massive gap between US and China’s manufacturing capacity(46:25) US potential gateway to Africa(54:28) Impact of foreign aid(59:20) Revitalizing small US cities(01:04:58) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In today's episode, Noah Smith and Erik Torenberg answer listeners' questions in rapid fire format, over topics such as the global reserve currency, fair taxation, wealth redistribution, education reform, healthcare, US manufacturing, how to revitalize cities, and more. Thanks to all our listeners who continue to write in with big meaty questions!This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]_SPONSORS: BEEHIIV | HARMONICHead to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 to https://Beehiiv.com and use code “MOZ” for 20% off your first three months.🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo._SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more,SpotifyApple_LINKS:Noahpinion: https://www.noahpinion.blog/_X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)@TurpentineMedia (Turpentine)_TIMESTAMPS:(00:00) Intro(00:53) What if the dollar was no longer the world’s reserve currency?(04:50) Fair taxation(08:20) Level of redistribution in the US(10:30) Lowering inequality by increasing economic growth(18:26) Sponsor: Beehiiv | Harmonic(20:26) Education reform(30:07) Fixing rising costs in healthcare(34:12) Limitations of UBI(39:09) Massive gap between US and China’s manufacturing capacity(46:25) US potential gateway to Africa(54:28) Impact of foreign aid(59:20) Revitalizing small US cities(01:04:58) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this week’s episode, Noah Smith and Erik Torenberg tackle more listeners' questions focused on conflicts and war. They cover various defense strategies, emphasizing the urgency of revitalizing the U.S. defense industrial base to prepare for potential conflicts. They discuss the differences between authoritarian and democratic powers, highlighting the significant risk of World War III and the importance of alliance building, particularly with countries like Japan, India, and European nations to counterbalance China's growing influence and the new ‘Axis’. Happy birthday Noah!This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]._SPONSOR: HARMONIC🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo._SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more,Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJApple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197_LINKS:Noahpinion: https://www.noahpinion.blog/WW3? : https://www.noahpinion.blog/p/americans-are-still-not-worried-enough_X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)@TurpentineMedia (Turpentine)_TIMESTAMPS:(00:00) Episode Preview(01:57) The defense industrial base(08:17) Precedents of wars leading to World War II and the Cold War(14:57) Contrast of Xi Jinping and Putin(21:46) Sponsor: Turpentine(22:33) China's production advantage(27:54) Evaluating the new axis of power(33:51) Complexities of manufacturing and warfare(41:02) Impact of war on economies(44:13) Exploring the Israel-Palestine conflict(49:41) Potential for peace in the Middle East(55:28) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this week’s episode, Noah Smith and Erik Torenberg dive into various econ topics and tackle listener questions! They cover: government spending and the national debt, discussion on taxation, wealth taxes and economic outcome of the next U.S. election, as well as differences in respect and status in the United States and Japan, and lessons learned from deficit spending.This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]._SPONSOR: HARMONIC🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo._SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more,Spotify: https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJApple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197_Links:Noah Smith's Noahpinion https://www.noahpinion.blog_ X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)@TurpentineMedia (Turpentine)_Timestamps:(00:00) Episode Preview(01:02) Noah’s Japan trip(02:33) Why is the U.S. doing so much deficit spending?(08:04) Post-COVID economic response(14:52) Levers of dealing with the National debt(21:27) 2024 Election Speculations: Economic outcomes of Trump vs. Biden(25:26) Pros and cons of a Wealth tax(30:35) Sponsor: Turpentine(32:34) Impact of Funding the IRS and repealing Trump's tax cuts(33:01) Reducing government spending(41:11) Addressing economic inequality in the U.S.(51:26) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This episode is a continuation of analyzing the economies around the world, with Noah Smith and Erik Torenberg focusing on the Middle East, Africa, South America, and North America. They discuss the economic challenges and solutions in Egypt and Saudi Arabia, as well as Latin America’s drug problem and Canada’s economic stagnation.This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]._SPONSOR: HARMONIC🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo._SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more,SpotifyApple_Links:Noah Smith's Noahpinion https://www.noahpinion.blog_ X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)@TurpentineMedia (Turpentine)_TIMESTAMPS:(00:00) Intro(00:32) Egypt's economic challenges(05:25) How rich is Saudi Arabia(13:57) Sponsor: Turpentine(15:13) Africa’s population growth and demographic dynamics(32:49) Africa’s economic potential(38:58) Mexico's manufacturing and security woes(43:48) Brazil's potential in South American manufacturing(48:01) Latin America's fight against inequality(55:12) Dominican Republic's economic success(01:00:51) Canada's economic stagnation(01:05:33) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In our second installment of Analyzing the Economies Around the World, Noah Smith and Erik Torenberg cover Europe and Turkey. They discuss the UK's productivity issues, France's nuclear energy investments, Germany's weaknesses, Poland's economic success, Turkey's economic policies, and immigration challenges across the EU and Europe.This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]._SPONSOR: HARMONIC🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo._SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]_Recommended Podcast: Company BreakdownsEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more,SpotifyApple_Links:Noah Smith's Noahpinion https://www.noahpinion.blog_ X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)@TurpentineMedia (Turpentine)_TIMESTAMPS:(00:00) Intro(00:30) UK's economic challenges(07:25) France's nuclear power success(12:02) Germany’s trust problem(24:28) Sponsor: Turpentine(25:36) Italy’s stagnant and declining economy(26:33) Poland's economic rise(31:24) Poland responding to external threats(32:25) Europe's immigration challenges(45:13) EU's future despite economic and regulatory obstacles.(52:34) Turkey's economic landscape and prospects(58:17) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Noah Smith and Erik Torenberg talk about the world's biggest economies including US, China, Japan, Korea, Taiwan, Russia, Australia, and more, looking at things like inflation, debt, industrial policy, and population challenges. They talk about what each country does well and where they might struggle, and offer ideas about what could happen next.This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]._SPONSOR: HARMONIC🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo._SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected] PODCAST: Autopilot explores the adoption and rollout of AI in the industries that drive the economy and the dynamic founders bringing rapid change to slow-moving industries. From law, to hardware, to aviation, Will Summerlin interviews founders backed by Benchmark, Greylock, and more to learn how they're automating at the frontiers in entrenched industries.Listen on Spotify: https://open.spotify.com/show/6YQZkKHN7EP2yWedAvSxBC?si=18377c69a2804333Listen on Apple: https://podcasts.apple.com/ca/podcast/autopilot-with-will-summerlin/id1738163836.-SPONSOR: BRAVEGet first-party targeting with Brave's private ad platform: cookieless and future proof ad formats for all your business needs. Performance meets privacy. Head to https://brave.com/brave-ads/ and mention “MoZ” when signing up for a 25% discount on your first campaign.-Links:Noah Smith's Noahpinion https://www.noahpinion.blog- X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)@TurpentineMedia (Turpentine)-TIMESTAMPS:(00:00) Intro(01:03) U.S. Economy: Trends and Concerns(08:01) Transition to China's Economy: Massive Property Bust(15:28) Sponsor: Brave | Turpentine(21:36) Segue to Japan's Economy: Key Hub of the Electronics Manufacturing(30:11) Korean Economic Struggles(33:05) South Korea's Technological Capabilities and International Relations(34:14) Exploring Taiwan's Economy and Challenges(36:22) Indonesia's Manufacturing Shift(37:55) Vietnam's Economic Strategy and Development Needs(40:31) India's Poverty Reduction and Infrastructure Investments(44:26) Pakistan Economic Mismanagement(48:38) Philippines: Underrated Investment Destination(49:33) Transition to Australia: The Progressive Utopia(52:02) Russia Economy at War(59:59) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode, Noah Smith and Erik Torenberg are joined by Nathan Labenz, co-host of The Cognitive Revolution Podcast, to deep dive into AI's impact on our economy and society. They discuss how AI might affect the job market and society, drawing comparisons to past economic changes. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected] PODCAST: Sourcery by Molly O'SheaSourcery by Molly O’Shea brings the conversations founders and investors have behind closed doors into the light. Subscribe for upcoming episodes with: Delian Asparouhov of Founders Fund and Varda Space, and Chris Power of Hadrian.Spotify: https://open.spotify.com/show/2Ni3Tese9CtZa3oxpCjgTgYouTube: https://www.youtube.com/@SourceryVC/-SPONSOR: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Links:Noah Smith's Noahpinion https://www.noahpinion.blogThe Cognitive Revolution podcast Spotify: https://open.spotify.com/show/6yHyok3M3BjqzR0VB5MSyk Apple: https://podcasts.apple.com/us/podcast/id1669813431 – X / TWITTER:@labenz (Nathan)@noahpinion (Noah)@eriktorenberg (Erik)@TurpentineMedia (Turpentine)– TIMESTAMPS(00:00) Intro(00:39) AI and the Future of Employment(03:48) The Intersection of AI, Robotics, and Biotech(04:53) Economic Disruption(06:33) Future of Jobs in an AI-Dominated World(08:22) AI's Impact on Economy(10:36) Pessimism Surrounding AI's Economic Impact(12:21) Comparative Advantage in the AI Era(14:02) AI Replacing Human Jobs(19:19) Sponsor: Netsuite(19:30) New Social Contract in the AI Era(34:21) Human Wages in an AI-Dominated Economy(39:31) Impact of AI on Job Market(41:40) Fear of AI Taking Over Human Jobs(47:47) Role of Government in AI Development(50:06) Potential Risks and Benefits of AI(53:14) Future of AI and Its Social Impact(58:45) Fear of Totalitarian States and AI(01:05:35) The Need for a Positive Vision for AI(01:11:18) Wrap Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

In this episode of Econ 102, Noah Smith and Erik Torenberg are joined by Brad Hargreaves, the founder of Common, co-founder of General Assembly, and writer of Thesis Driven. They discuss the future of real estate and housing in America, the impact of regulations, and the potential of new cities. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.RECOMMENDED PODCAST: Thesis Driven Leader SeriesThesis Driven Leader Series, hosted by Brad Hargreaves, features conversations with the leading voices at the intersection of real estate, cities, innovation, and the built world. Guests include Jan Sramek, Dror Poleg, Spencer Rascoff, and more.Apple: https://podcasts.apple.com/us/podcast/thesis-driven-leader-series/id1724813949Substack: https://www.thesisdriven.com/p/introducing-the-thesis-driven-leader_Sponsor: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–Links:Noahpinion’s https://www.noahpinion.blog–X / TWITTER:@bhargreaves (Brad)@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)–TIMESTAMPS(00:00) Intro(00:28) Understanding Real Estate Economics(01:29) Role of Technology in Real Estate(02:45) 2008 Financial Crisis and Real Estate(06:31) Role of Banks in Real Estate(10:14) Future of Real Estate and Housing(13:21) Sponsor: NetSuite(14:38) Impact of Regulations(20:22) Real Estate Architecture’s Evolution(29:48) Role of Developers in Real Estate(40:21) Challenges of Building State Capacity(51:53) Potential of New Cities(01:00:33) Success of New Urbanist Towns(01:01:53) WrapThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg explore the changing racial dynamics in the U.S., highlighting the importance of national identity, and the recent role of social media within that evolution. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj_Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity* Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks* Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822* Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv_We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.Sponsors: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–Links:Noahpinion’s “This is not a good way to fight racism in America” on Substack: https://www.noahpinion.blog/p/this-is-not-a-good-way-to-fight-racism–X / TWITTER:@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)–TIMESTAMPS(00:33) Episode Preview(01:40) Google Gemini(03:53) Has history repeated itself?(07:05) A cultural since Trump's residency(10:11) Inspiration for Star Wars(12:30) SPONSOR: NETSUITE(13:40) The aftermath of the Nixon era(22:56) Social media’s role(28:13) Ethnic Enclaves on economic outcomes(29:43) The controversial ideas of Kendi(30:14) Different searches for national identity(38:35) The Challenges of multiracial societies(40:54) History’s role in shaping national identity(47:08) The Impact of education on racial identity(51:40) Concluding thoughts on Americans’ identitiesThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg discuss Tucker Carlson’s interview with Vladimir Putin, the state of Russia's economic and military, and the country's relationships with the West. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj_Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity* Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks* Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822* Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv_We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.Sponsors: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:- Noahpinion “Russia is not actually a very nice place to live” on Substack: https://www.noahpinion.blog/p/russia-is-not-actually-a-very-nice- “The Machine” Bert Kreischer: https://www.youtube.com/watch?v=paG1-lPtIXA&t=1s–X / TWITTER:@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)–TIMESTAMPS(00:00) Episode Preview(01:50) Tucker Carlson's Interview with Putin(04:45) Misconceptions about NATO Expansion(09:44) Poland's Economic Success and Russia's Fear(12:41) Religion in Poland and Russia(16:20) Lessons from Poland's Economic Success(19:12) SPONSOR: NETSUITE(20:55) Tucker's Misconceptions of Russia(26:56) Disparity in Post-Communist Societies(28:27) The Controversy of the EU(29:24) The Real Economic State of Russia(32:08) Putin's Legacy(39:58) Russian Sanctions(51:17) The Future of Warfare: Drones(53:13) Russia's Threat to EuropeThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week Noah Smith and Erik Torenberg sit down to deconstruct several economic theories dealing with developing nations, export oriented manufacturing, the roles of engineers across the world, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.He rebuttals arguments made by Turkish economist Dani Rodrik relating to on manufacturing, automation, employment, and more.-RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj_Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity* Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks* Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822* Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv_➕ We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.Sponsors: NETSUITE💫 NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–📈Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–✍️ LINKS:- Noahpinion "The Developing Country Industrialization series" on Substack: https://www.noahpinion.blog/p/the-developing-country-industrialization- Thread on the economy: https://twitter.com/RealEJAntoni/status/1753450904840286367?s=20- EJ Antoni's "Why the Unemployment Rate Is Much Higher Than It Seems" : https://www.heritage.org/jobs-and-labor/commentary/why-the-unemployment-rate-much-higher-it-seems–X / TWITTER:@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)–TIMESTAMPS(00:20) Episode Preview(02:12) Debunking economic myths(03:03) Unemployment rates(04:56) Alternative labor market indicators(06:40) Misconceptions about inflation(09:33) Understanding borrowing and debt(12:10) SPONSOR: NETSUITE(17:28) The possibility of economic collapse(21:34) International development strategies(26:11) Bangladesh’s need for electronics manufacturing(30:27) Dani Rodrik's views on manufacturing(36:15) The impact of automation on manufacturing(39:19) The role of engineers in manufacturing(43:25) Future of manufacturing in developing countriesThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg discuss the role of tariffs in the world economy, Tesla’s positioning in the Chinese market, and economic strategies that the U.S. may need to implement to remain competitive in global trade. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj_Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.Sponsors: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:- Noahpinion “Tariffs are coming” on Substack: https://www.noahpinion.blog/p/tariffs-are-coming–X / TWITTER:@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)TIMESTAMPS(00:20) Episode Preview(02:17) Trade Policies(05:58) The Impact of Tariffs(08:12) The Future of the U.S. Car Industry(11:42) The Limitations of Tariffs(13:46) SPONSOR: NETSUITE(19:51) The Parallels Between Ford and Musk(27:32) Elon Musk vs China(30:40) Power Dynamics in China(32:26) Europe's Role in the Global Market(34:56) China's Currency Manipulation(40:32) The Need for Industrial Policy(48:01) The Role of Tariffs in Trade(50:08) The Future of U.S. and China Relations(51:46) The Need for Bold LeadershipThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week, economist Eli Dourado joins Noah Smith and Erik Torenberg to explore the concept of the Great Stagnation and whether it is over, the challenges of scaling in America, the role of governance in hindering progress, the role of new technology in productivity gains, and much more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.-RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj-Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.Sponsors: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–X / TWITTER:@elidourado (Eli)@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)TIMESTAMPS(00:00) Episode Preview(01:44) Perspectives on the Great Stagnation(08:49) Scaling in the U.S.(09:27) Copying Elon Musk(15:36) NIMBYs (18:48) SPONSOR: NETSUITE(20:14) Our intolerance to risk(25:23) The future of airplane manufacturing (31:01) Indicators of the great stagnation(33:09) Techno-optimism and socio-pessimism(39:30) The future of home appliances and robots(41:45) The Impact of mining and construction on productivity(43:19) What about solar snergy?(43:42) Role of government in technological progress(55:26) The importance of overcoming obstaclesThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week on Econ 102, Noah Smith and Erik Torenberg explore several aspects of Japan’s work system, culture, economy, and more, including the seniority promotion system, globally perceived homogeneity, economic transformation, and immigration trends. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.Noah highlights Japan's past and current corporate cultures, how working and gender roles have evolved, and his personal journey, explaining how he fell in love with Japan's culture and its transitions over time.-RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj_Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.Sponsors: NETSUITENetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:'Weebs!' by Noah Smith: https://www.noahpinion.blog/p/weebs'Car Wars' by Noah Smith: https://www.noahpinion.blog/p/car-wars‘Can Japan Compete’ by Michael E. Porter: https://www.amazon.com/Can-Japan-Compete-Michael-Porter/dp/0465059899X / TWITTER:@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)TIMESTAMPS(00:20) Episode Preview(02:17) Trade Policies(05:58) The Impact of Tariffs(08:12) The Future of the U.S. Car Industry(11:42) The Limitations of Tariffs(13:46) SPONSOR: NETSUITE(19:51) The Parallels Between Ford and Musk(27:32) Elon Musk vs China(30:40) Power Dynamics in China(32:26) Europe's Role in the Global Market(34:56) China's Currency Manipulation(40:32) The Need for Industrial Policy(48:01) The Role of Tariffs in Trade(50:08) The Future of U.S. and China Relations(51:46) The Need for Bold LeadershipThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at [email protected]. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week Erik Torenberg and Noah Smith are joined by Itay Vinik, Co-Founder & Chief Investment Officer at Equi, to explore their different perspectives on the current state of the economy and the likelihood of a recession. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv --RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj--We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.--Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co--LINKS:- Noahpinion on Substack: https://www.noahpinion.blog/--X / TWITTER:@VinikItay (Itay)@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMediaTIMESTAMPS(00:20) Intro(01:03) The current state of U.S. economy(03:43) Future economic trends(08:25) Economic indicators and predictions(15:24) SPONSOR: GIVEWELL(16:51) Cont. economic indicators and predictions(19:45) Potential economic risks(21:46) Inflation and fiscal policy(29:29) SPONSOR: NETSUITE(32:48) Inflation and monetary policy(35:29) Recapitalization of the banking system(36:34) Long-term deflationary trends(43:23) Housing’s role in wealth effect(48:21) Risky debt(55:22) Conclusions on the future of the economy Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Noah Smith and Erik Torenberg discuss the resignation of Harvard's President Claudine Gay as well as the issues surrounding academic research, such as plagiarism, peer review, academic incentives, and more. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj-We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:- Noahpinion on Substack: https://www.noahpinion.blog/–X / TWITTER:@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@TurpentineMedia (Turpentine)–TIMESTAMPS(00:25) Episode Preview(03:00) The Claudine Gay Controversy(06:24) Bill Ackman's Role(08:00) Plagiarism's Prevalence in Academia(11:24) Need for External Scrutiny(12:51) Universities in the Private Sector(18:04) The Need for External Scrutiny in Universities(18:30) SPONSOR: GIVEWELL(20:09) The Impact of Incentives(23:33) Issues with Peer Review(25:44) The Importance of Relevant Research(26:35) SPONSOR: NETSUITE(29:13) Research Across Different Fields(30:07) Theory Papers in Economics(32:23) Defining 'Waste' in Academic Research(34:57) Value of Seemingly-Useless Research(36:39) Incentive in Academia(36:44) Fields That Refuse to Die(46:26) Aging Population's Impact on Research(53:10) Future of Academia Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

This week Dan Romero joins Noah Smith and Erik Torenberg to discuss the overuse of the term “fascism,” what has led to the capabilities of China and the U.S., and much more. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.-RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj-Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.--Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:- Noahpinion on Substack: https://www.noahpinion.blog/–X / TWITTER:@dwr (Dan)@eriktorenberg (Erik)@noahpinion (Noah)@Econ102_Podcast (Econ 102)@moz_podcast (Moment of Zen)@TurpentineMedia–TIMESTAMPS:(00:00) The word 'Fascist'(08:40) Economic transformation in China(13:04) SPONSOR: GIVEWELL(16:10) Impacts of Trump's policies(19:07) The renegotiation of NAFTA(23:51) United States' withdrawal from the Middle East(27:22) SPONSORS: NETSUITE & MASTERCLASS(30:05) Asia & US foreign policy(41:46) The importance of focusing on Asia(48:20) U.S. production during World War II(50:14) China's production capabilities(51:26) Elon Musk & Henry Ford(54:09) Private markets for defense technology(55:38) Political unity & seriousness in war(58:57) US military budget and production(59:56) Industrial production in World War II(01:05:30) Trump's impact on China(01:09:16) Building alliances against China(01:14:48) Political unity and continuity in foreign policy Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

For this episode, Noah Smith and Erik Torenberg are joined by Sebastian Bensusan, an Argentinian engineer, to discuss Argentina's unique inflation problem, its agricultural and mining sectors, dollarization, voting patterns, and more. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.-RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj-Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv --We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.--Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co--LINKS:- Sebastian Bensusan's blog: https://blog.sbensu.com/- Noahpinion on Substack: https://www.noahpinion.blog/- Noah Smith, "Argentina's macroeconomic situation is even worse up close" on Substack: https://www.noahpinion.blog/p/argentinas-macroeconomic-situation--X / TWITTER:@noahpinion (Noah)@sebasbensu (Sebastian)@eriktorenberg (Erik)--TIMESTAMPS:(00:55) Episode Preview(03:25) Argentina's Economy & Industries(09:00) Lack of Development State(15:45) SPONSOR: GIVEWELL(28:20) Hyperinflation & Dollarization(30:46) SPONSOR: NETSUITE(43:27) Inflation & Threshold Effects(48:39) Impact of Inflation on Bonds & Borrowers(55:10) Effects on Savings(01:00:01) Replacing Welfare State with Growth(01:08:14) Privatization & Corruption in Argentina(01:13:04) Refocusing Argentina on Real Economy(01:14:59) Post-Macroeconomics Argentina Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Noah Smith and Erik Torenberg explore the factors contributing to rising grocery prices and the impact of inflation on consumer sentiment, as well as debunking misconceptions about inflation. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.-RECOMMENDED PODCAST: History 102 with WhatifAltHistEvery week, creator of WhatifAltHist Rudyard Lynch and Erik Torenberg cover a major topic in history in depth -- in under an hour. This season will cover classical Greece, early America, the Vikings, medieval Islam, ancient China, the fall of the Roman Empire, and more.Subscribe on Spotify: https://open.spotify.com/show/36Kqo3BMMUBGTDo1IEYihmApple: https://podcasts.apple.com/us/podcast/history-102-with-whatifalthists-rudyard-lynch-and/id1730633913YouTube: https://www.youtube.com/@History102-qg5oj-Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.--Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:- Noahpinion on Substack: https://www.noahpinion.blog/- Noah Smith, "Why are your groceries still so expensive?" on Substack: https://www.noahpinion.blog/p/why-are-your-groceries-still-so-expensive–X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)–TIMESTAMPS:(00:58) Episode preview(03:00) The impact of inflation on consumer sentiment(07:08) Factors of inflation(13:52) The role of rent and monopoly power(15:26) SPONSOR: GIVEWELL(20:33) Wages and immigration impacting grocery prices(24:47) Grocery prices and supply chain snarls(25:52) SPONSOR: NETSUITE(27:15) Causes of inflation and deflation(31:04) Impact of aggregate supply and demand on inflation(34:25) Low & stable inflation(37:14) Erasing debt(42:17) How innovation affects inflation(51:09) Tech and real incomes(52:36) Inflation in the 80s and 90s(53:34) Expectation anchoring & inflation control(59:20) COVID and inflation expectations(01:04:37) Costless disinflation & manipulating expectations Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Noah Smith and Erik Torenberg explore the debate on immigration, including open borders vs border enforcement, the ideal composition of immigrants, the housing crisis, & the mixed views Americans have on the subject. Match a donation up to $100 for your favorite charity with GiveWell by going to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.--Sponsors: GIVEWELL | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.--Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:- Noahpinion on Substack: https://www.noahpinion.blog/- Noah Smith, "Americans are Angry About Immigration": https://www.noahpinion.blog/p/americans-are-angry-about-immigration–X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)–TIMESTAMPS:(00:40) Episode Preview(02:12) Americans' mixed views on immigration(04:07) The Great Replacement Theory and Political Replacement Theory(06:01) Open borders vs. border enforcement Mechanisms(09:18) Economic effects of immigration(14:23) NIMBYism & the strain on local government finances(14:46) SPONSORS: GIVEWELL(16:12) Labor competition(20:27) Historical Labor Protectionism(25:13) SPONSORS: NETSUITE(28:27) Impacts of NIMBYism(31:45) Costs of Immigration(35:02) Housing & Fiscal Competition(47:46) The Debate on Immigration and Open Borders(49:12) Ideal Amount of Immigration and Sustainable Levels(50:06) High-Skilled vs Low-Skilled Immigration(54:49) Ideal Composition of Immigrants(59:13) Competing with China & the Need for High-Skilled Immigration(01:00:42) Republican Critiques: Political, Cultural, & Racial Replacement(01:08:45) American cultural diversity(01:13:16) Debunking the Fear of Racial Replacement(01:16:22) The Nuanced Picture of ImmigrationMusic License: ZHRPBK5SO667TNVT Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Noah Smith joins Age of Miracles hosts Packy McCormick and Julia DeWahl to discuss the future of nuclear energy as well as other energy sources. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv _We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.–Sponsors: GIVEWELL | DAFFY | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.–Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–LINKS:Noahpinion on Substack: https://www.noahpinion.blog/Age of Miracle's YouTube Channel: https://www.youtube.com/@age-of-miracles/videos–X / TWITTER:@noahpinion (Noah)@packyM (Packy)@juliadewahl (Julia)@eriktorenberg (Erik)–TIMESTAMPS(00:00) Episode Preview(01:20) Energy in 2050(02:35) Nuclear’s Learning Curve(08:08) Building Nuclear vs Oil & Gas(12:11) SPONSORS: GIVEWELL & DAFFY(14:28) Case for Solar Energy(16:52) Land acquisition costs(19:39) Storage(25:16) Turning nuclear on and off(28:29) SPONSORS: GIVEWELL(30:54) Intermittency problems(35:49) Texas and Japan’s Batteries(41:11) Land for Energy(45:14) Wind(47:46) Building solar(50:32) When energy is cheap, what’s valuable?(54:39) Fusion Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Noah Smith and Erik Torenberg discuss the rise in pseudoscience, the “administrification” in America, the trillion-dollar non-profit sector, and more. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors (including Dan) sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we over better dating apps, references as a service, and WeWork for productivity Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822 Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv – We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.– Sponsors: GIVEWELL | DAFFY | NETSUITEHave you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to https://givewell.org and pick “Podcast” and enter Econ 102 at checkout.Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.– Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co–X / TWITTER:@noahpinion (Noah)@eriktorenberg (Erik)–Timestamps(00:00) Episode Preview(01:21) New Release Day(01:35) Q&As(02:43) The politicization of science(16:51) SPONSORS: GIVEWELL & DAFFY(18:17) Is Academia Primarily Left?(21:58) The Administrator Boom(25:59) SPONSORS: NETSUITE & ODD LOTS(29:13) The Trillion Dollar Non-profit sector(31:06) Special Interest Groups(32:42) Nonprofit vs Government(43:24) Politicians on Nonprofits(46:23) Global productivity slowdown(53:09) Charter Schools(55:17) Accelerating those at the bottom(59:24) A.I. Tutors Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.