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June 19, 2024

The Macro Episode

The Macro Episode

In today’s episode, Noah Smith and Erik Torenberg dive into some listener questions on economics and macroeconomics issues.

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 the impact of synthetic biology on the future of global security. 


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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/6rANlV54GCARLgMOtpkzKt

Apple: https://podcasts.apple.com/us/podcast/the-riff-with-byrne-hobart-and-erik-torenberg/id1716646486

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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

(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