"Econ 102" with Noah Smith and Erik Torenberg
The Vibecession & the Future Economy under Trump vs Biden with Kyla Scanlon
Jun 5, 2024
Kyla Scanlon, creator and author of "In This Economy?", dives into the vibecession and the housing crisis, shedding light on the emotional aspects of economic perception across political lines. She discusses the generational wealth gap, contrasting today's struggles with the traditional American dream. The risks of hyperinflation, the impact of Trump's and Biden's policies, and tensions with China are explored. Listeners will also find insights on the cyclical nature of economics and its connection to political polarization.
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Quick takeaways
- The housing crisis presents challenges in building homes, navigating regulations, and addressing immigration and healthcare.
- Wealth inheritance through housing contributes to economic disparities, influencing future generations' wealth.
Deep dives
Misunderstandings in Economics
Common economic misconceptions are discussed, including the confusion surrounding foundational economic concepts like money origins, inflation, GDP, and fiscal policy. The podcast highlights how people often struggle with understanding terms such as commodity, silver market, and fiscal monetary policy, illustrating a gap in economic literacy among the general population.
