Making Sense of Milei, AI & Employment, and America's Future

Making Sense of Milei, AI & Employment, and America's Future

In this episode, Noah Smith and Erik Torenberg explore Argentina's economic reforms under President Milei, development models in emerging economies like Vietnam and Malaysia, effective crime reduction strategies, and how AI might reshape our workforce and population dynamics in the coming decades. – SPONSORS: Carta Carta is offering up to 40% off a new Carta plan, including cap table management, QSBS Attestation, and Carta Total Compensation. This limited-time offer runs through the end of July at ⁠z.carta.com/econ102⁠. NetSuite More than 42,000 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 Shopify Shopify is the world's leading e-commerce platform, offering a market-leading checkout system Shoppay and exclusive AI apps. Nobody does selling better than Shopify. Get a $1 per month trial at ⁠⁠⁠⁠⁠⁠https://shopify.com/momentofzen⁠⁠⁠⁠⁠⁠. Found  Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102 - Shownotes brought to you by Notion AI Meeting Notes - try one month for free at notion.com/lp/econ102 Argentina's Economic Reforms: President Milei's fiscal austerity measures to address chronic deficits without dollarization, focusing on necessary belt-tightening for a middle-income country supporting an upper-income welfare state Development Models in Emerging Economies: Case studies like Vietnam and Bangladesh demonstrating different paths to economic development The Crime Rate Decline: Focused deterrence approaches and community policing helping reduce violent crime, especially among high-risk populations Education and Fertility Rates: The inverse relationship between women's education and fertility rates, and the impossibility of reversing it without dystopian measures AI and Population Dynamics: How artificial intelligence might mitigate economic damage from population decline by replacing human labor Quotes: "If AI really can replace humans, then that will mitigate the economic damage from the losses of population." - Noah Smith "Murders between people who know each other, between people who are like intimate partner violence has gone way down." - Noah Smith "We need to basically create technologies that make it easy to take care of kids so that parenthood doesn't mean it's giant change in your life." - Noah Smith LINKS: Noahpinion newsletter: https://noahpinion.substack.com/ Erik Torenberg's Substack: https://eriktorenberg.substack.com/ Got questions for Noah and Erik to answer on air? Send them to Econ102@Turpentine.co - FOLLOW ON X: @noahpinion @eriktorenberg @turpentinemedia

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Foreign Policy, Industrial Policy, and Reflections on Biden thus far

Foreign Policy, Industrial Policy, and Reflections on Biden thus far

In our first episode of Econ 102, Noah Smith and Erik Torenberg discuss the highs and lows of Biden's first term, Biden's policies in comparison to previous presidents and other leaders, as well as China -- its real estate sector, industrial and manufacturing industries, and its views on tech. 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 (01:24) Overview of Biden's first term (02:56) The most important thing Biden's done  (12:19) What are the chances of Trump returning? (14:03) In the 1970s once again (14:47) Woke concerns among Republicans (15:38) Noah's ideal foreign policy (17:46) Japan's importance in foreign policy (19:29) Main foreign policy concerns in the next cycle (20:30) The ideal containment strategy (22:55) China (26:23) Getting to 1 billion Americans as a foreign policy measure (27:24) Real estate in China (31:33) Comparing and contrasting Chinese and American industrial policy (37:02) China's stomp on the IT industry to encourage manufacturing (39:09) The difference in Chinese and American views of manufacturing  (43:18) Revitalizing American manufacturing  (46:08) The services industry (48:03) A shortage of human truckers  -- SPONSOR THIS PODCAST: We're looking for sponsors to partner with on this show. If you or your business might be interested, send us a note at erik@turpentine.co. Find out more here: https://www.turpentine.co/sponsors 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.

11 Jul 202352min

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