
"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

8 snips
May 22, 2024 • 59min
Controlling US Inflation, Global Trade, and the Future of India and Japan
The hosts dive into the complexities of US inflation and potential strategies to combat it, like tariff changes and demographic impacts. They explore whether the US should be labeled a petro-state amidst its oil production, weighing economic diversity against resource reliance. Discussions also cover the Federal Reserve's tools for shaping monetary policy and the implications of student loan forgiveness on universities. Plus, they analyze rising global trade tensions and the dynamics between the US and China, highlighting Japan's currency interventions.

15 snips
May 15, 2024 • 49min
Case for Biden, Biden vs Trump, China
The conversation dives into Joe Biden's economic policies, assessing their effectiveness and impact on inflation. A comparison of Biden's strategies against Trump's reveals distinct approaches to government spending and industrial growth. They tackle the significance of the CHIPS Act and the Inflation Reduction Act for U.S. dominance in technology. Additionally, the challenges of solar project permits and tariffs on Chinese electric vehicles are explored, highlighting the complexities of international trade and domestic innovation.

5 snips
May 10, 2024 • 58min
Biden's New Tax Plan, Algorithmic Pricing, and Noah's Media Diet
The discussion dives into the intricacies of Biden's tax plan and its implications for fiscal responsibility, particularly for the middle class. They analyze the potential effects of capital gains taxes on investments, advocating for fairer wealth taxation. The podcast also tackles algorithmic pricing's impact on competition, highlighting concerns over price discrimination. Lastly, they emphasize the importance of media literacy and engaging thoughtfully with opposing viewpoints, encouraging listeners to refine their critical thinking skills.

6 snips
May 1, 2024 • 47min
How the Fed Works, Currency Crises, and TikTok ban [Listener Mailbag]
Dive into the fascinating world of the Federal Reserve as the hosts dissect its role in shaping inflation and interest rates. Explore the emerging concept of 'greedflation' and its ties to corporate behavior. Comparisons between Canada's housing market and the U.S. shed light on gentrification and urban challenges. The podcast also tackles the complexities of American voting patterns and their disconnect from economic interests. Finally, a look at Japan's currency crisis and the impact of TikTok rounds out this engaging listener mailbag.

42 snips
Apr 24, 2024 • 1h 6min
Wealth Distribution, Fixing Healthcare, and UBI
Dive into the complexities of global finance as the U.S. dollar's reserve status is analyzed. Discover the Scandinavian model of wealth redistribution and education success. Unpack the challenges in American healthcare and the controversial topic of Universal Basic Income. Explore innovative strategies for revitalizing American towns while tackling industrial policy in relation to international dynamics. This engaging conversation addresses critical issues that shape our economy and society today.

21 snips
Apr 17, 2024 • 59min
WW3 Analysis: China, The US, Ukraine, The Middle East
This episode dives into the urgent need to boost the U.S. defense industrial base amid rising geopolitical tensions. It highlights the differences between authoritarian and democratic powers, discussing the risk of World War III. The hosts analyze China's military capabilities and emphasize the importance of strategic alliances with countries like Japan and India to counterbalance China's influence. There's also a thought-provoking discussion on the economic pathways to peace in the Middle East and how shifting dating practices reflect cultural changes post-conflict.

42 snips
Apr 10, 2024 • 53min
Fixing the US Economy: the Debt, Inequality, Biden/Trump Economic Predictions
Dive into a lively conversation about the U.S. economy, tackling topics like government spending and the looming national debt. Discover the complexities of wealth taxes and the potential effects on economic inequality. The hosts unravel the nuances of tax rates and their real impact, making a case for improving IRS funding over simply raising taxes. They also explore cultural perceptions of respect across economies, pushing for a society that honors all contributions, regardless of financial status. It's a thoughtful take on crucial economic issues!

93 snips
Apr 2, 2024 • 1h 8min
Analyzing Economies Round 3: Middle East, Africa, South America, and North America
The discussion dives into Egypt's tricky economy and its solar energy potential. There's a look at Saudi Arabia's efforts to diversify amidst stagnant growth. Africa's regional diversity is showcased, challenging common stereotypes. The conversation also explores Brazil and Mexico's contrast, touching on violence and inequality in Latin America. Finally, it examines indigenous land rights in North America, spotlighting the balance between modern development and honoring historical injustices.

66 snips
Mar 27, 2024 • 59min
Analyzing Economies: England, France, Germany, Poland, Turkey, and the EU/European Immigration
Discover the economic intricacies of England, where stagnant productivity and Brexit challenges loom large. Explore France's investment in nuclear energy and Germany's need for strategic economic shifts. Dive into Poland's post-communist success and contrast it with Italy's stagnation. The discussion takes a provocative look at immigration's impact on crime rates and assimilation across Europe. Unpack Turkey’s manufacturing prowess while pondering its political landscape and economic future amid uncertainty. It's a captivating journey through Europe's diverse economies!

80 snips
Mar 21, 2024 • 1h 2min
Analyzing Economies: USA, China, Japan, Russia, India, Korea, and more
Explore the economic landscapes of major global players like the U.S., China, and Japan, focusing on inflation, debts, and industrial strategies. Discover how China's manufacturing might affects poorer nations, while India seeks economic independence. Dive into East Asia's demographic challenges and potential growth through reforms. Compare investment potentials in the Philippines and Australia, and understand Russia's wartime economic struggles and its military dependencies. Ukraine's conflict further complicates these dynamics.