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Noah Smith and Erik Torenberg discuss how today’s economy compares to the Reagan-era, cheap oil, how much the war in Ukraine is actually costing the US, and the economics of the populist anthem Rich Men North of Richmond.
Noah Smith and Erik Torenberg discuss how today’s economy compares to the Reagan-era, cheap oil, how much the war in Ukraine is actually costing the US, and the economics of the populist anthem Rich Men North of Richmond. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/102
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Run the Numbers is a weekly podcast about financial metrics and business models, designed for ambitious people operating tech startups. It's a collection of things host CJ Gustafson (CFO at PartsTech and writer of Mostly Metrics) has learned and thought about in the trenches as a tech CFO. Subscribe to listen on the platform of your choice: https://link.chtbl.com/runthenumbers
Timestamps:
(01:13) What would a better US economy look like?
(05:59) Debt gets inflated away
(09:02) Fiscal Dominance
(09:59) Age of cheap oil
(19:05) Noah vs. Balaji Srinivasan’s bearish case that the US financial system is vulnerable.
(27:25) How the Reagan Era Compares to Today
(32:28) Economic attribution for presidents
(43:12) The surplus war in Ukraine
(49:05) Fact checking the economics of Rich Men of Richmond
(57:47) Is the age of the nerd over?
LINKS:
If this is a Bad Economy, Please Tell me What a Good Economy Could Look Like: https://www.noahpinion.blog/p/if-this-is-a-bad-economy-please-tell
Lyn Alden: https://www.lynalden.com/about-lyn-alden/
Comparing “Morning in America” with 2023 https://www.noahpinion.blog/p/comparing-morning-in-america-with
UMich’s outsized impact on Twitter: https://twitter.com/powerbottomdad1/status/1695861038292558033
Noah on Rich Men North of Richmond: https://www.noahpinion.blog/p/the-economics-of-rich-men-north-of
WTF Happenned in 1971: https://wtfhappenedin1971.com/
X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
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