"Econ 102" with Noah Smith and Erik Torenberg cover image

The Macro Episode

"Econ 102" with Noah Smith and Erik Torenberg

CHAPTER

Rethinking Economic Policies

This chapter critically examines fiscal and monetary policies, challenging conventional economic wisdom regarding their efficacy and impact on GDP. It highlights the complexities of macroeconomic models, the importance of understanding historical industrial policies, and the urgency of strengthening national industrial capabilities, particularly in the face of global competition. Additionally, the discussion touches on existential risks posed by technological advancements, such as AI and bioweapons, emphasizing the need for robust defenses and regulatory frameworks.

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