
"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

12 snips
Oct 25, 2024 • 27min
Mini: Tariffs on China, Trump, and National Security
The discussion kicks off with the economic implications of the CHIPS Act and the Inflation Reduction Act on national security. The hosts delve into how U.S. tariffs impact the EV and semiconductor industries, highlighting the push for domestic manufacturing. Attention shifts to the struggle of renewable energy initiatives, caught in local opposition and political stalemate. The challenges of tariffs on Chinese electric vehicles and the influence of non-tariff barriers on trade are also explored, revealing complex interactions between competition and security.

80 snips
Oct 23, 2024 • 1h 3min
Progressivism: Past, Present, Future
Dive into the fascinating evolution of American progressivism, exploring its origins and potential resurgence in the 2030s. Discover the contrasting dynamics between grassroots activism and AstroTurf movements, with insights on movements like Fight for 15 and Black Lives Matter. Reflect on the Me Too movement's impact on social change and the challenges it faces. Finally, unpack the need for progressivism to prioritize class issues, and envision a future where historical activism informs today's political landscape.

9 snips
Oct 18, 2024 • 13min
Comparing Trump, Biden, and Obama's China Strategies
Dive into the ever-changing landscape of U.S.-China relations over the past two decades. Discover how Obama's engagement strategy differs from Trump's confrontational turn. Explore Biden's attempts to navigate these complex waters with a constructive approach. Uncover the financial challenges Trump faces and how they impact his political stance on China, alongside China's historical influence on dissenting voices. It's a riveting exploration of past and present policies that shapes the future of international relations.

32 snips
Oct 17, 2024 • 48min
Why Nations Fail, AI & Jobs, Economics as a Science
The podcast dives into the evolving nature of economics, highlighting its shift from natural science to cultural significance. It discusses the critical role of institutions in national success or failure, using Korea as a key example. Technology's double-edged sword is examined, revealing both job creation and displacement. The hosts critically analyze AI's impact on employment, contrasting historical perspectives that show tech can create opportunities. Finally, they debate the balance between prominent economic theories and the value of empirical research.

39 snips
Oct 9, 2024 • 60min
Kamala vs. Trump: Economic Plans and Foreign Policy Showdown
Delve into the shifting dynamics of U.S. political parties and the rise of Trump. Discover how historical events shaped the candidate selection methods, spotlighting superdelegates and electoral strategies. Explore immigration's critical role in party evolution and the political integration lessons from past immigrant populations. Examine the intricate connection between fertility rates, immigration, and political alignment. Finally, analyze the stark economic contrasts between Kamala Harris and Trump, revealing the implications for big tech and industrial regulation.

25 snips
Oct 2, 2024 • 56min
International Development, The Reserve Currency, and Xi Jinping’s Legacy
Dive into China's economic maneuvers under Xi Jinping, featuring the controversial tech crackdowns and the ambitious Belt and Road Initiative. Explore international currency dynamics and the effects of brain drain on developing nations. Reflect on lessons from the 2008 financial crisis, highlighting the role of key figures like Ben Bernanke. The discussion also addresses Xi's leadership missteps and suggests innovative paths for China's future economic recovery. A rich blend of insights into global economics and geopolitics!

15 snips
Sep 26, 2024 • 1h 6min
Noah's new book topic, Evaluating Immigration, Saving Midwestern Cities
The hosts dive deep into immigration's economic impact, especially in Midwestern towns, debunking common myths about job losses. Insights on Japan's economy and innovative strategies for revitalization are shared, including the importance of attracting foreign investments. The discussion touches on demographic shifts and the essential role of both high-skilled and low-skilled immigrants in fostering local economies. Historical perspectives on immigration add nuance, revealing the complexity of identities within societal narratives.

27 snips
Sep 18, 2024 • 1h 5min
Fracking, China, Immigration
Dive into the heated debate around fracking and its evolving perception in energy discussions. Explore China's rapid economic rise and the challenges it faces today, contrasting its growth with nations like Poland. Unpack the misunderstandings surrounding Haitian immigrants in an American town and the political ramifications of misinformation. Finally, navigate the complexities of U.S. immigration policy and the crucial role immigrants play in society, all while examining the intersection of economy and public sentiment.

10 snips
Sep 13, 2024 • 1h 11min
Preparing for a Second China Shock and Bad Economists with Brad DeLong
In this engaging discussion, economist Brad DeLong, known for his insights in macroeconomics and economic history, joins to explore the potential for a 'China Shock 2' and its implications on the U.S. economy. They evaluate the historical impacts of trade dynamics, delve into strategies to navigate high-stakes geopolitical challenges, and critique current economic policies. DeLong also addresses the evolving role of economists and the challenges posed by modern warfare and technology in economic discourse, emphasizing the need for deeper understanding in an era of superficial online discussions.

23 snips
Sep 5, 2024 • 58min
The New Axis, Neoliberalism, and Germany [Mailbag]
In this lively discussion, listeners hear about the surprising vibrancy of Poland's economy and its cultural spirit. The hosts dive into the reliability of economists as predictors and China's evolving industrial strategies. They explore complex geopolitical dynamics, including potential US-China conflicts and the advantages for smaller nations. The dialogue extends to the challenges of drug pricing and taxation in the U.S., as well as Germany's energy policies and the legacy of neoliberalism, sparking ideas for new economic frameworks.
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