"Econ 102" with Noah Smith and Erik Torenberg
Controlling US Inflation, Global Trade, and the Future of India and Japan
May 22, 2024
The hosts dive into the complexities of US inflation and potential strategies to combat it, like tariff changes and demographic impacts. They explore whether the US should be labeled a petro-state amidst its oil production, weighing economic diversity against resource reliance. Discussions also cover the Federal Reserve's tools for shaping monetary policy and the implications of student loan forgiveness on universities. Plus, they analyze rising global trade tensions and the dynamics between the US and China, highlighting Japan's currency interventions.
59:12
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Quick takeaways
- US interventions in Afghanistan were necessary but prolonged presence was not viable, Vietnam intervention was erroneous, Iraq intervention was misguided with destabilizing consequences
- Conventional forces provide escalation avenues without nuclear catastrophe, strong industrial capacity supports prolonged warfare scenarios
Deep dives
US participation in conflicts analysis
US interventions in Afghanistan were necessary for counterterrorism objectives, but prolonged presence wasn't viable. Vietnam intervention was erroneous due to supporting a corrupt administration against a popular insurgency. Iraq intervention was misguided with destabilizing consequences.
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