Wealth, Historical Choices, and Economic Policy Discourse | 2min snip from "Econ 102" with Noah Smith and Erik Torenberg

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Preparing for a Second China Shock and Bad Economists with Brad DeLong

"Econ 102" with Noah Smith and Erik Torenberg

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CHAPTER

Wealth, Historical Choices, and Economic Policy Discourse

This chapter explores the economic implications of wealthy individuals opting out of societal contribution, drawing parallels with historical figures during crises. It emphasizes missed policy opportunities by political leaders, particularly in the context of the China shock and the housing bubble.

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In today’s episode, Noah Smith and Brad DeLong tackle pressing topics such as the potential for a 'China Shock 2', the effectiveness of missile defense systems, and the shifting role of economists since the Great Recession. They also explore the nuances of economic theory, policy implementation, and real-world outcomes, particularly in a fast-paced information age.

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LINKS:

Noahpinion: https://www.noahpinion.blog/

Hexapedia links:

APPLE - https://podcasts.apple.com/us/podcast/hexapodia-is-the-key-insight-by-noah-smith-brad-delong/id1552990332

SPOTIFY - https://open.spotify.com/show/2uHLn3k2PrhY3exPs1sUeB

References:

Brad DeLong: https://braddelong.substack.com/