"Econ 102" with Noah Smith and Erik Torenberg

How the Macro, Tariffs and DOGE will Impact your Bank Account | Noah Smith on How To Money

98 snips
Feb 14, 2025
This week's guest, Noah Smith, is an economist and author of the Substack "Noahpinion," celebrated for making complex economic topics accessible. The conversation delves into the implications of tariffs and healthcare costs on personal finance. Noah discusses demographic challenges like the baby bust and offers insights on social security funding amidst declining birth rates. They also explore Argentina's economic turnaround under new leadership, blending humor with serious economic discourse.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Tariff Impact and Trump

  • Trump's tariff decisions are influenced by stock market reactions, not necessarily economic principles.
  • Tariffs' impact is lessened by dollar appreciation, rerouting, and other mitigating factors.
INSIGHT

Tariffs, Geopolitics, and Industrial Policy

  • Geopolitical posturing and policy uncertainty from tariffs hurt investment and slow down the economy.
  • Targeted tariffs combined with industrial policies are more effective than blanket tariffs for re-industrialization.
INSIGHT

Government Spending and Inflation

  • Government spending contributes to inflation due to the implication of future lower interest rates by the Fed.
  • Trump's tax cuts are inflationary and will likely outweigh any spending cuts by the director of the Office of Management and Budget.
Get the Snipd Podcast app to discover more snips from this episode
Get the app