In today’s episode, Noah Smith and Erik Torenberg respond to listeners’ questions on various economic topics, addressing inflation and potential U.S. policy, and the possibility of the US becoming a petro-state.
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!
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Recommended Podcast: Company Breakdowns
Each 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/0epyYBAxLeF0PsNagdDJAJ
Apple: https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197
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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
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LINKS:
Noahpinion: https://www.noahpinion.blog/
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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