Today's episode is a throwback to when Erik interviewed Byrne Hobart for the first time on the Venture Stories by Village Global podcast. Byrne and Erik go deep on technological change, debate centralization versus decentralization, discuss mental models for financial bubbles, and examine human nature from the lens of different thinkers.

The Riff is sponsored by Shopify: https://shopify.com/momentofzen for a $1/month trial period.

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The Riff is a part of the Turpentine podcast network. Learn more: https://turpentine.co

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Check out Erik's new show Request for Startups featuring a rotating cast of founders and investors sharing their requests for startups they want to exist in the world, and also their stories of navigating the idea maze in different sectors so founders don’t have to reinvent the wheel anymore. The first episode is out now - we cover better dating apps, references as a service, and WeWork for productivity

Watch and Subscribe on Substack: https://requestforstartups.substack.com/p/receipt-based-dating-reference-checks
Apple: https://podcasts.apple.com/us/podcast/request-for-startups-with-erik-torenberg/id1728659822
Spotify:https://open.spotify.com/show/739L1LR32QI2XyoZlRh5nv

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We're hiring across the board at Turpentine and for Erik's personal team on other projects he's incubating. He's hiring a Chief of Staff, EA, Head of Special Projects, Investment Associate, and more. For a list of JDs, check out: eriktorenberg.com.

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Thanks to our sponsor: SHOPIFY

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LINKS:

Byrne's writing: https://thediff.co

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X / TWITTER:

@eriktorenberg (Erik)

@byrnehobart (Byrne)

@turpentinemedia (Turpentine)

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TIMESTAMPS:

(00:00) Intro

(01:11) Byrne's Approach to Understanding

(02:56) Productivity Growth

(06:38) Debate on Globalization

(16:30) Sponsor: Shopify

(18:12) Understanding the Impact of Geography, Demographics, and Energy

(27:25) State Capacity Libertarianism

(33:21) Predicting the Future of US-China Relationship

(34:37) Lessons from the East Asian Economic Miracles

(35:42) The Role of Corruption in Economic Growth

(36:32) Strategies for Subsidizing Exports

(38:05) The Impact of Anti-Globalization Movements

(38:30) The Trade Deficit Debate

(46:21) Charter Cities

(52:38) The Techlash

(01:07:38) The Future of Wall Street and Its Impact on Society

(01:17:53) The Power of the Dollar System

(01:18:55) Understanding Negative Interest Rates

(01:20:43) The Impact of Low Interest Rates on Infrastructure Development

(01:25:05) The Impact of Demographics on Long Term Bonds

(01:27:48) The Problem of Underfunded Pensions

(01:28:52) Understanding Financial Bubbles

(01:33:37) The Dynamics of Centralization and Decentralization

(01:50:43) The Future of Silicon Valley and California

(01:56:31) Disagreements with Notable Thinkers

Arion McNicoll

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