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"Econ 102" with Noah Smith and Erik Torenberg
How the Fed Works, Currency Crises, and TikTok ban [Listener Mailbag]
May 1, 2024
Noah Smith and Erik Torenberg discuss the Fed's impact on economy, Japan's economic policies, housing price disparities, gentrification, balanced budget amendments, geopolitical dynamics between Saudi Arabia and Iran, and TikTok ban
46:41
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Quick takeaways
- The Fed's impact on inflation and economy, theories behind interest rate effects, and 'greedflation' are discussed.
- Japan faces challenges in managing weakening currency and balancing exports/imports, requiring careful strategies.
Deep dives
Japan's Currency Situation: Challenges and Options
Japan faces challenges in managing its weakening currency, which impacts its ability to afford imports and maintain a balance between exports and imports. Options like selling foreign exchange reserves, raising interest rates, and implementing capital controls are available, but each comes with potential risks and limitations.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode