"Econ 102" with Noah Smith and Erik Torenberg Trump's Executive Orders, China's Economy, The Bull Case for the Middle East, and Europe's Decline
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Jan 29, 2025 The conversation dives into the implications of Trump's executive orders on U.S. politics, raising concerns about economic instability and stagflation. The hosts explore Michael Pettis's insights on China's economy and the potential effects of tariffs. An optimistic outlook for the Middle East emerges, focusing on solar energy and agricultural advancements. Additionally, they discuss the socio-political challenges Europe faces with integration and cultural differences, drawing parallels to historical transformations.
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Trump vs. Civil Service
- Trump's executive orders reveal a power struggle with the civil service.
- He aims to exert presidential authority, potentially overstepping legal boundaries.
Executive Orders: Good and Bad
- Some executive orders seem well-designed, like nerfing NEPA regulations.
- Others appear counterproductive, such as halting renewable energy leases on federal lands.
Technophobia: Republican vs. Democrat
- Republicans fear future physical technologies, while Democrats fear software advancements.
- This pattern reflects economic incentives and cultural divides.