
"Econ 102" with Noah Smith and Erik Torenberg
Economist and "Noahpinion" writer Noah Smith and investor Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics. Econ 102 is a part of the Turpentine podcast network. Learn more: turpentine.co
Latest episodes

108 snips
May 2, 2025 • 60min
You Can't Tariff Your Way to Greatness
Dive into the intriguing relationship between nostalgia and political ideologies in both the U.S. and China. The discussion reveals how collective historical narratives shape consumer cultures and industrial strategies. Tariffs take center stage as they analyze their disruptive impacts on economies and working-class individuals. Cultural nuances, such as the significance of saving face in negotiations, add depth to U.S.-China relations. Finally, the critique of tariffs raises questions about their effectiveness in re-industrializing America and promoting growth.

62 snips
Apr 24, 2025 • 43min
The Deindustrialization Paradox
Dive into a thought-provoking discussion that connects the eerie themes of 'Black Mirror' with the real-world implications of technology on society. Unpack the economic impacts of Trump’s tariff policies versus Biden’s growth strategies. Explore the rising influence of libertarianism in American politics and how social media shapes democratic engagement. The hosts blend humor with insightful analysis, shedding light on trade dynamics and ideological shifts that reflect the complexities of our modern era.

157 snips
Apr 18, 2025 • 57min
The Bond Market Rules Everything
The hosts dive into the chaotic trade policies of the Trump administration, criticizing their ineffectiveness. They explore how currency strength impacts consumer behavior and manufacturing, revealing its significance in global competitiveness. The discussion shifts to the complexities of borrowing in today's economy and the challenges faced by exporters due to tariffs. They emphasize the need for a collective strategy to counter China's manufacturing dominance and reflect on the unpredictable nature of economic leadership.

151 snips
Apr 14, 2025 • 58min
Tariff Mayhem and Capital Flight
Dive into the chaotic world of tariff policies and their unintended consequences. The discussion highlights misconceptions about trade deficits and their true impact on the economy. Delve into the complexities of capital flight and the shifting dynamics between business and politics. Explore the risks of a potential U.S. government default and its ramifications on inflation and financial stability. The hosts emphasize the importance of strategic trade collaborations over self-sufficiency to counter the dangers of de-industrialization.

145 snips
Apr 1, 2025 • 1h 9min
The New Left vs The New Right
Delve into the rise of the 'abundance' ideology among Democrats, as new perspectives challenge traditional political narratives. Reflect on Obama's influence on healthcare and national unity, while exploring Ukraine's innovative military response. Discover how the vision of shared resources and equity can redefine American society. Examine the evolution of the New Right, questioning identity politics and the impact of technology on discourse. Lastly, ponder the transformative journey of computing from scarcity to widespread access.

123 snips
Mar 25, 2025 • 1h 1min
Abundance Debate, Sex Politics, and Left vs Right Economic Populism
Dive into Japan's innovative urban zoning and housing policies, revealing how efficient bureaucracy fosters swift construction. Explore the clash within progressive movements over economic abundance and corporate profits. Delve into tensions in right-wing populism and societal views on gender and sexuality, especially the pressures on young women. Discuss the challenges of modern dating amid shifting gender dynamics and evolving educational landscapes. Finally, consider the role of government regulation in navigating these complex societal issues.

163 snips
Mar 18, 2025 • 54min
How Europe, America and China are Repositioning
A lively discussion unfolds about the evolving alliances between America and Europe, touching on NATO and defense independence. The hosts critique the contrasting global strategies of America and China, highlighting risks in both nations' approaches. China's Belt and Road Initiative gets scrutinized, especially its exclusion of India. They dive into Japan's economic strategies and the potential of AI for growth, while also questioning how government spending impacts GDP. The conversation is filled with humor and insights into personal ventures like a book launch.

178 snips
Mar 12, 2025 • 1h 4min
Making Sense of America's Tariff Chaos
This discussion dives into the chaos of Trump's trade policies, revealing how tariffs shake up the U.S. economy and heighten recession fears. The hosts explore the dangers of economic isolationism, comparing current strategies with historical approaches. They also examine how tariffs create uncertainty for businesses and impact innovation in sectors like AI and crypto. Additionally, they address the decline of community and Christianity in America, critiquing the cultural shifts leading to a fragmented society.

39 snips
Mar 6, 2025 • 40min
AI, Stargate, & Surveillance with Auron McIntyre and Lev Polyakov
Auron McIntyre, a political commentator at The Blaze, joins Lev Polyakov, host of Break the Rules, for a deep dive into AI's societal implications. They debate Trump’s ties with tech leaders and potential surveillance. The duo discusses AI's impact on jobs, addressing fears of displacement vs. wage growth for low-skilled workers. They also explore AI's role in global competition and governance, raising questions about individual freedoms amid technological advancement. The conversation is both timely and thought-provoking!

108 snips
Feb 28, 2025 • 1h 17min
Richard Hanania & Noah Smith: Making Sense of Trump, Elon, and Global Politics
Richard Hanania, a writer and commentator known for his Substack newsletter, joins Noah Smith for an engaging discussion. They dissect the ideological rifts between American political factions, focusing on Trump's strategies and Elon Musk's role as a potential Republican kingmaker. The conversation delves into the complexities of the Ukrainian conflict, touching on historical parallels and personal narratives. They also explore the impact of social media on political discourse and the interconnectedness of global issues like Gaza and immigration.
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