"Econ 102" with Noah Smith and Erik Torenberg

Mike Bird, Asia business and finance editor at The Economist, debates industrial policy with Noah, advocating for market-driven resource allocation over government intervention. They explore the impact of recent U.S. legislation like the Inflation Reduction Act on manufacturing jobs and the challenges posed by automation. The discussion also highlights the geopolitical implications of industrial policy, particularly concerning China's influence and the importance of resilience in supply chains, especially in sectors like semiconductors.

The discussion dives into the dual role of higher education, balancing job prep and personal growth. Automation and globalization emerge as key factors affecting job availability, sparking populist sentiments. They explore the challenges posed by rising student debt amid changing workforce dynamics. The conversation critiques the American healthcare system, advocating for greater accessibility in both health and education. Predictions hint at a transformation in educational models, with a shift towards vocational training and community colleges.

Dan Romero, the founder of the Moment of Zen podcast, invites Noah Smith to delve into pressing issues like California's land use policies and the complexities of urban governance. They tackle the political struggles of the California GOP, particularly with Hispanic voters. The conversation highlights the contrasts in housing dynamics between San Francisco and Los Angeles, including the YIMBY movement's influence and challenges surrounding homelessness. They also discuss the impact of taxation on urban development and the relationship between crime rates and community policing.

The hosts dive into China's looming housing bubble, revealing its alarming impact on the economy and youth unemployment. They discuss the delicate balance of Taiwan relations amidst rising geopolitical tensions. The analysis also extends to China's Belt and Road Initiative, addressing its economic and diplomatic repercussions. Listeners gain insights into China's shift from manufacturing to high-tech and the significance of forming alliances with countries like Japan and India to counterbalance China's growing influence.

Dive into the fascinating fragmentation of the Libertarian movement and its shifting power dynamics influenced by technology and social media. Explore the decline of core economic principles and their implications on the American labor market. Discover the Republican Party’s transformation towards statist ideologies amid evolving cultural conflicts. Unpack the tensions between personal freedoms and progressive agendas, revealing the complex landscape of modern politics and the quest for a new movement advocating for reduced regulations.

Dive into the highs and lows of Biden's first term, with insights on his policies compared to past leaders. Explore the complexities of China's real estate and tech sectors, alongside challenges facing U.S. foreign policy. Reflect on the evolving Republican landscape and Trump's role in it. Discover the job market for non-college-educated workers, revealing surprising trends in demand and working conditions. This discussion blends optimism with caution, tackling pressing political and economic issues.