Uploaded September 2023 | Updated September 2026, 3 days ago
Noah Smith and Erik Torenberg discuss how today’s economy compares to the Reagan-era, how much the war in Ukraine is actually costing the US, the economics of cheap oil, and the economics of populist anthem Rich Men North of Richmond. If you’re looking for an ERP platform, check out our sponsor, NetSuite: netsuite.com/102
Econ 102 is a part of the Turpentine podcast network. To learn more: turpentine.co
🎧 You can also listen to Econ 102 on the podcast platform of your choice: link.chtbl.com/Econ102
Timestamps:
(00:00) Episode Preview
(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
(17:59) Sponsor: NetSuite ✅ netsuite.com/102
(19:49) Noah vs. Balaji Srinivasan’s bearish case that the US financial system is vulnerable.
(27:40) How the Reagan Era Compares to Today
(32:40) Economic attribution for presidents
(43:25) The surplus war in Ukraine
(49:19) Fact checking the economics of Rich Men North of Richmond
(57:47) Is the age of the nerd over?
LINKS:
If this is a Bad Economy, Please Tell me What a Good Economy Could Look Like: https://www.noahpinion.blog/p/if-this-is-a-bad-economy-please-tell
Comparing “Morning in America” with 2023
https://www.noahpinion.blog/p/comparing-morning-in-america-with
Lyn Alden: lynalden.com
UMich’s outsized impact on Twitter: twitter.com/powerbottomdad1/status/1695861038292558033
Noah on Rich Men North of Richmond:
https://www.noahpinion.blog/p/the-economics-of-rich-men-north-of
WTF Happenned in 1971: wtfhappenedin1971.com
X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
SPONSOR:
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 ✅ netsuite.com/102 and download your own customized KPI checklist.
Music license:
8SB0RQAEAGIXVYP9
WAFP5KBY4FYLKAHW
Noah Smith and Erik Torenberg discuss how today’s economy compares to the Reagan-era, how much the war in Ukraine is actually costing the US, the economics of cheap oil, and the economics of populist anthem Rich Men North of Richmond. If you’re looking for an ERP platform, check out our sponsor, NetSuite: netsuite.com/102
Econ 102 is a part of the Turpentine podcast network. To learn more: turpentine.co
🎧 You can also listen to Econ 102 on the podcast platform of your choice: link.chtbl.com/Econ102
Timestamps:
(00:00) Episode Preview
(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
(17:59) Sponsor: NetSuite ✅ netsuite.com/102
(19:49) Noah vs. Balaji Srinivasan’s bearish case that the US financial system is vulnerable.
(27:40) How the Reagan Era Compares to Today
(32:40) Economic attribution for presidents
(43:25) The surplus war in Ukraine
(49:19) Fact checking the economics of Rich Men North of Richmond
(57:47) Is the age of the nerd over?
LINKS:
If this is a Bad Economy, Please Tell me What a Good Economy Could Look Like: https://www.noahpinion.blog/p/if-this-is-a-bad-economy-please-tell
Comparing “Morning in America” with 2023
https://www.noahpinion.blog/p/comparing-morning-in-america-with
Lyn Alden: lynalden.com
UMich’s outsized impact on Twitter: twitter.com/powerbottomdad1/status/1695861038292558033
Noah on Rich Men North of Richmond:
https://www.noahpinion.blog/p/the-economics-of-rich-men-north-of
WTF Happenned in 1971: wtfhappenedin1971.com
X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
SPONSOR:
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 ✅ netsuite.com/102 and download your own customized KPI checklist.
Music license:
8SB0RQAEAGIXVYP9
WAFP5KBY4FYLKAHW
