52 min listen
Fiscal Dominance, the War in Ukraine's Actual Cost, and Fact Checking Rich Men North of Richmond
Fiscal Dominance, the War in Ukraine's Actual Cost, and Fact Checking Rich Men North of Richmond
ratings:
Length:
64 minutes
Released:
Sep 5, 2023
Format:
Podcast episode
Description
Noah Smith and Erik Torenberg discuss how today’s economy compares to the Reagan-era, cheap oil geopolitics, how much the war in Ukraine is actually costing the US, and the economics of the populist anthem Rich Men North of Richmond. If you’re looking for an ERP platform, check out our sponsor, NetSuite: http://netsuite.com/102
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Sponsors: GIVEWELL | DAFFY | NETSUITE
Have you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout.
Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102
NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.
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RECOMMENDED PODCAST:
Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff
RECOMMENDED PODCAST: LIVE PLAYERS
Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today’s most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. You’ll come away with a deeper understanding of the development of technology, business, political power, culture and more. LIsten and subscribe everywhere you get your podcasts: https://link.chtbl.com/liveplayers.
--
Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co
? You can also listen to Econ 102 on the podcast platform of your choice: https://link.chtbl.com/Econ102
--
Timestamps:
(01:13) What would a better US economy look like?
(05:59) Debt gets inflated away
(09:02) Fiscal Dominance
(09:59) Age of cheap oil
(19:05) Noah vs. Balaji Srinivasan’s bearish case that the US financial system is vulnerable.
(27:25) How the Reagan Era Compares to Today
(32:28) Economic attribution for presidents
(43:12) The surplus war in Ukraine
(49:05) Fact checking the economics of Rich Men North of Richmond
(57:47) Is the age of the nerd over?
--
Sponsors: GIVEWELL | DAFFY | NETSUITE
Have you ever wondered where your donation could have the most impact? GiveWell has now spent over 15 years researching charitable organizations and only directs funding to the highest impact opportunities they’ve found in global health and poverty alleviation. Make informed decisions about high-impact giving. If you’ve never donated through GiveWell before, you can have your donation matched up to $100 before the end of the year, or as long as matching funds last. To claim your match, go to givewell.org and pick “Podcast” and enter Econ 102 at checkout.
Daffy is the most modern and accessible donor-advised fund, making it easier to put money aside for charity. You can make your tax-deductible contributions all at once or set aside a little each week or month. And you don’t just have to donate cash, you can easily contribute stocks, ETFs, or crypto. Plus, you never have to track receipts from your donations again. It’s free to get started and Econ 102 listeners get $25 towards the charity of their choice. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join Daffy https://www.daffy.org/econ102
NetSuite has 25 years of providing financial software for all your business needs. More than 36,000 businesses have already upgraded to NetSuite by Oracle, gaining visibility and control over their financials, inventory, HR, eCommerce, and more. If you’re looking for an ERP platform head to NetSuite http://netsuite.com/102 and download your own customized KPI checklist.
--
RECOMMENDED PODCAST:
Every week investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Subscribe to “The Riff” with Byrne Hobart and Erik Torenberg: https://link.chtbl.com/theriff
RECOMMENDED PODCAST: LIVE PLAYERS
Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today’s most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. You’ll come away with a deeper understanding of the development of technology, business, political power, culture and more. LIsten and subscribe everywhere you get your podcasts: https://link.chtbl.com/liveplayers.
--
Econ 102 is a part of the Turpentine podcast network. To learn more: www.turpentine.co
? You can also listen to Econ 102 on the podcast platform of your choice: https://link.chtbl.com/Econ102
--
Timestamps:
(01:13) What would a better US economy look like?
(05:59) Debt gets inflated away
(09:02) Fiscal Dominance
(09:59) Age of cheap oil
(19:05) Noah vs. Balaji Srinivasan’s bearish case that the US financial system is vulnerable.
(27:25) How the Reagan Era Compares to Today
(32:28) Economic attribution for presidents
(43:12) The surplus war in Ukraine
(49:05) Fact checking the economics of Rich Men North of Richmond
(57:47) Is the age of the nerd over?
Released:
Sep 5, 2023
Format:
Podcast episode
Titles in the series (43)
E5: Higher Ed, Being a Dorm Room Socrates, and the American Workforce: In episode 5, Noah Smith and Erik Torenberg discuss the promise and failings of higher education, working class economic prospects, the American healthcare system, and more. by "Econ 102" with Noah Smith and Erik Torenberg