This week, Erik Torenberg and Noah Smith explore economic policies, political dynamics, societal issues, including the abolition of income tax, government agency efficiency, the evolving political landscape, technology's impact on freedom and dignity, and the challenges of maintaining a competent civil service. For full show notes, visit: https://highlightai.com/share/ab409e21-1697-4621-a9b8-cfd3149e4e35

--

📰 Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiveaccess 

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RECOMMENDED PODCAST: Unpack Pricing

Dive into the dark arts of SaaS pricing with Metronome CEO Scott Woody and tech leaders. Learn how strategic pricing drives explosive revenue growth in today's biggest companies like Snowflake, Cockroach Labs, Dropbox and more.

Apple: https://podcasts.apple.com/us/podcast/id1765716600

Spotify: https://open.spotify.com/show/38DK3W1Fq1xxQalhDSueFg

--

SPONSORS:

GiveWell

GiveWell 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.

Incogni

Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: http://incogni.com/econ102

📑 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/

📝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

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

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LINKS:

Noahpinion: https://www.noahpinion.blog/

Noah Smith and Erik Torenberg discuss the evolution and challenges of urban development in American cities, particularly the rise and fall of blue cities like San Francisco and New York, while exploring historical trends, fiscal policies, and socio-political dynamics. For full show notes, visit: https://highlightai.com/share/69fa9439-ace9-43c3-9a96-9876a7e440bc

—

RECOMMENDED PODCAST: Unpack Pricing

Dive into the dark arts of SaaS pricing with Metronome CEO Scott Woody and tech leaders. Learn how strategic pricing drives explosive revenue growth in today's biggest companies like Snowflake, Cockroach Labs, Dropbox and more.

Apple: https://podcasts.apple.com/us/podcast/id1765716600

Spotify: https://open.spotify.com/show/38DK3W1Fq1xxQalhDSueFg

—

SPONSORS:

GiveWell

GiveWell 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.

NetSuite

More 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. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

📑 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/

📝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]

--

FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

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LINKS:

Noahpinion: https://www.noahpinion.blog/

https://www.noahpinion.blog/p/the-blue-cities-must-be-fixed

Noah Smith and Erik Torenberg analyze the aftermath of the Trump 2024 election, debating what to expect on political strategies, economic policies, and the power of figures like Elon Musk, while discussing potential shifts needed within the Democratic Party to address changing voter demographics. For full show notes, visit: https://highlightai.com/share/7411dfd6-68b4-4590-b8c5-64aac8ba953f

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📰 Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiveaccess 

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SPONSORS:

GiveWell

GiveWell 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.

NetSuite

More 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. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

📑 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/

📝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]

--

FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

--

LINKS:

Noahpinion: https://www.noahpinion.blog/

This week on Econ 102, Noah Smith and Erik Torenberg examine the 2024 presidential election, Trump's influence on American politics, and the interplay of conservative movements with domestic and international issues. For full show notes, visit: https://highlightai.com/share/70765901-d8f7-46b6-b580-3cc3f3874b7f

--

📰 Be notified early when Turpentine drops new publication: https://www.turpentine.co/exclusiveaccess 

--

SPONSORS:

GiveWell

GiveWell 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

ANROK 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.

📑 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]

--

FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

--

LINKS:

Noahpinion: https://www.noahpinion.blog/

Noah Smith and Erik Torenberg analyze the historical Axis powers in comparison to today's emerging adversarial nations, emphasizing geopolitical dynamics, military capabilities, and the evolving balance of power. For full shownotes, visit highlight: https://highlightai.com/share/577e5681-76d2-498c-8ebc-7b136b1b598f

--

Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess

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SPONSOR:

GiveWell

GiveWell 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]

--

FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

--

LINKS:

Noahpinion: https://www.noahpinion.blog/

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:

GiveWell

GiveWell 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]

--

FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

--

LINKS:

Noahpinion: https://www.noahpinion.blog/

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/id1765665937

Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSz

YouTube: https://www.youtube.com/@ThisWontLastpodcast

--

SPONSORS:

GiveWell

GiveWell 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

ANROK 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]

--

FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

--

LINKS:

Noahpinion: https://www.noahpinion.blog/

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].

--

Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess

--

SPONSOR:

GiveWell

GiveWell 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

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/id1765665937

Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSz

YouTube: https://www.youtube.com/@ThisWontLastpodcast

--

SPONSORS:

GiveWell

GiveWell 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

NetSuite

More 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

ANROK 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]

--

FOLLOW 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

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/id1765665937

Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSz

YouTube: https://www.youtube.com/@ThisWontLastpodcast

--

SPONSORS:

GiveWell

GiveWell 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

NetSuite

More 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]

--

FOLLOW 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

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/id1765665937

Spotify: https://open.spotify.com/show/2HwSNeVLL1MXy0RjFPyOSz

YouTube: https://www.youtube.com/@ThisWontLastpodcast

--

SPONSORS:

GiveWell

GiveWell 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

Altea

🚀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

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

--

FOLLOW 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