This is not normal, even for war | Israel, Hamas, Palestine, Iran, and Saudi Arabia
Noah Smith and Erik Torenberg record an episode to discuss the war between Israel and Hamas, the moral problems with the leftist ideological response, the complicated geopolitical power dynamics in the Arab world, and how this conflict marks the waning of American power. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102 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 | NETSUITE Have 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 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/econ102 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 -- TIMESTAMPS: (00:00) Unpacking the events that led to war in Israel (05:18)Moral problems of the new leftist ideology (11:00) Power dynamics of the Middle East and investment in the conflict (21:29) Sponsors: Daffy | NetSuite (23:30) Reacting to Sam Harris' statement about moral equivalence (33:20) Is apartheid a fair analogy? (41:00) Where the Saudi Arabia alliance goes from here (46:30)The three-state solution? (47:00) Taking stock of technological advancement (52:00) Israel's military advantage is not guaranteed here (54:55) This war is downstream of the waning of American power (57:30) America is reserving most of our weapons (01:01:15) What does it mean for the Pax Americana to be over? (01:05:30) The Middle East is stuck in a mindset of war – Music License: ZSFI0EY7UP5YYXI2 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 erik@turpentine.co.
9 Okt 20231h 10min
Where Bernie Sanders Went Wrong, PMC Socialists, and Student Loan Relief
Economist Noah Smith and Erik Torenberg discuss the legacy and failings of Bernie Sanders’ movement with regards to privatization, student loans, healthcare, and the wealth gap. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102 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 | NETSUITE Have 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 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/econ102 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 -- Timestamps (00:00) Episode Preview (01:32) The Bernie movement’s evolution (05:00) Factionalism and aggression marking the approach of socialists (15:36) Glass-Steagall litmus test (19:00) Sponsors: Daffy | NetSuite (21:11) Can neoliberalism work? (22:34) Biggest mistakes of privatization: the non-profit industrialization complex (26:18) Lack of industrial policy is a pro-finance policy (27:30) Chief neoliberal shill (30:05) How Biden is carrying forward the legacy of Bernie’s movement (34:10) Inflation killed student loan relief (besides the courts) (41:00) How Bernie bungled his egalitarian movement (48:45) Wealth tax (50:55) Healthcare 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 erik@turpentine.co.
3 Okt 202355min
Why the Next Age of Globalization Will Be Awesome, a Cheaper US Dollar, and Reducing the Deficit
Economist Noah Smith and Erik Torenberg discuss Noah's Substack essays about a possible age of Austerity, and moving away from China for the US's next age of globalization. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: https://www.daffy.org/econ102 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 | NETSUITE Have 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 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/econ102 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: “An Age of Austerity is probably on the way” : https://www.noahpinion.blog/p/an-age-of-austerity-is-probably-on “No one knows how much the government can borrow” : https://www.noahpinion.blog/p/no-one-knows-how-much-the-government “The next phase of globalization is going to be awesome” : https://www.noahpinion.blog/p/the-next-phase-of-globalization-is -- Timestamps: (00:00) Episode Preview (01:24 - 23:48) Age of Austerity (04:27) Reducing the deficit (02:47) What spending cuts will we see? (06:10) What’s the bottom line for growth? (18:38) Sponsors: Daffy and Netsuite (23:49) Adjust your graphs for inflation! (25:22) Why a cheaper US dollar is actually a weapon (26:55) Chinese “dumping” (29:42) The next wave of globalization is going to be awesome (32:29) China is a nuts country (33:35) Are we deglobalizing? (35:51) South and Southeast Asia (43:19) Economic Nationalism is here to stay (46:57) Globalization moving forward is about reducing our dependency on China -- X / TWITTER: @noahpinion (Noah) @eriktorenberg (Erik)
26 Sep 202352min
Why Vivek is the Wrong Candidate, the new China-Russia Axis, and Ranking Presidents’ Foreign Policy
Economist Noah Smith and Erik Torenberg discuss Noah's recent Substack post skewering the claims and proposals that make up Republican Presidential candidate Vivek's Ramaswamy's platform. Noah covers Vivek's climate science sources, economic facts on renewable energy, foreign policy stance towards China, Russia, Taiwan and more. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102 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 | NETSUITE Have 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 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/econ102 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 -- TIMESTAMPS: (01:00) Episode Preview (03:20) Why Noah doesn’t think Vivek should be tech’s candidate (07:20) Vivek’s views on climate are stuck in 2010 (13:15) Countering Vivek’s sources on climate (17:52) Sponsors: Daffy | NetSuite (21:00) Vivek's foreign policy claims (27:00) Viviek's Russia & Ukraine takes (31:45) Any charitable view of Vivek's foreign policy? (33:00) Biden vs Trump vs Obama foreign policy (40:00) Noah's ideal foreign policy: the Anti-Empire (44:00) Republicans need to advocate for defense spending (46:00) Similarities between abundance movement and dismantling the administrative state (50:00) Noah's pick for Republican candidate (57:00) Why Vivek is not the one.
19 Sep 20231h 2min
DM Debates, AI, and Tech Downturns with Adam Nash, CEO of Daffy
Noah Smith and Erik Torenberg are joined by Adam Nash to discuss the economic implications of AI, the recent tech downturn, and why the venture model has been so successful across multiple tech booms. Daffy is offering Econ 102 listeners, a free $25 for the charity of their choice when they join Daffy. https://www.daffy.org/econ102 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 | NETSUITE Have 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 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/econ102 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 -- TIMESTAMPS: (00:00) Episode Preview (02:00) Why AI may stop nerds from ruling the world (06:25) Are “Skilled” and “Unskilled” the correct labels in this debate? (10:00) Who benefits from a growth mindset? (13:00) Coding example (14:25) Highly skilled tech workers get a boost (17:20) Substitutability versus overall boost (20:55) Sponsor: NetSuite (23:45) AI as a productivity tool (25:30) AI ethics and safety (28:50) Adam Nash’s journey into fintech (30:55) How Americans think about giving (33:30) Macro: What does the current Tech downturn mean? (35:00) People looking for a quick snapback and boom will be disappointed (37:00) How will AI revolutionize distribution? (39:50) Smartphones and depression (43:45) Why the VC model has been so successful across multiple technology booms.
12 Sep 202356min
Fiscal Dominance, the War in Ukraine's Actual Cost, and Fact Checking Rich Men North of Richmond
Noah Smith and Erik Torenberg discuss how today’s economy compares to the Reagan-era, cheap oil geopolitics, 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 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 | NETSUITE Have 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 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/econ102 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 🎧 You can also listen to Econ 102 on the podcast platform of your choice: https://link.chtbl.com/Econ102 -- 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 North of Richmond (57:47) Is the age of the nerd over? 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 erik@turpentine.co.
5 Sep 20231h 3min
Why China is Primed for Economic Carnage Worse than the US Financial Crisis of 2008
In episode 8 of ECON 102, Noah Smith and Erik Torenberg discuss the factors brewing up a major crisis for China’s economy, and what this means for the US and other international powers. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine 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 | NETSUITE Have 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 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/econ102 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 -- TIMESTAMPS: (00:00) Episode Preview (01:37) Noah’s observations from his trip to Japan (03:03) Chinese Economic Carnage (04:09) Who is affected? (04:59) How will falling resource prices affect inflation? (14:12) China’s upcoming recession (16:41) China’s building investments need to stop (20:12) China’s paradox of thrift (20:57) China’s boomer republican leaders (21:39) What can China’s growth look like from here? (27:11) What are China’s options for allaying the unrest? (28:44) Extend and Pretend (29:26) Balaji was wrong about China as diplomatic power (33:18) China owns a Sri Lankan city now (34:04) When Noah was most bullish on China’s future: the Hu Jintao era (36:33) Xi JinPing as Stalin; Steve Ballmer (40:00) The revolution of rising expectations theory in American (44:52) Spelling out our biggest fears about China (47:23) Successes in recent alliances: Japan and Korea alliances, India, Vietnam, (51:00) What are we watching for 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 erik@turpentine.co.
29 Aug 202355min
Student Debt, Wealth Inheritance, and Millennial Conservatism
In episode 7, Noah Smith and Erik Torenberg discuss student debt, millennial politics, conservatism, international relations, and more. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/turpentine 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 | NETSUITE Have 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 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/econ102 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 -- TOPICS COVERED: (01:00) Episode Preview (02:45) Evolution of Noah’s opinion on student debt (06:40) Income-based repayment (09:50) For-profit academic institutions (14:09) Tax-income fund research (16:02) Sponsor: NetSuite (19:00)Were Millennials really generation-screwed? (20:27) Millennial’s stance on politics (25:07) Millennial’s becoming Conservative? (27:02) How Conservatism evolved up to today (34:50) Trump’s Foreign Policy: Russia & Ukraine (39:13) The Right on Taiwan vs China (40:50) Would China Pearl Harbor us? (44:18) Consequences of wealth inheritance (48:00) What will Gen Z’s Politics look like? (49:30) Ketamine is lame (50:05) Liberal depression (54:07) Theory of biological imbalance -- LINKS: Will There be a Millennial Chill https://www.noahpinion.blog/p/will-there-be-a-millennial-big-chill -- X / TWITTER: @noahpinion (Noah) @eriktorenberg (Erik) -- 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 erik@turpentine.co.
22 Aug 202358min
