![How the Fed Works, Currency Crises, and TikTok ban [Listener Mailbag] @ECON102Podcast](https://i.ytimg.com/vi/d7ZpZQVUAks/maxresdefault.jpg)
Uploaded May 2024 | Updated September 2026, 1 day ago
In today's episode of Econ 102, Noah Smith and Erik Torenberg tackle more listener questions: the Fed's impact on inflation and the economy, theories behind interest rates' unexpected effects, and 'greedflation'. The discussion also extends to shifts in Japan's economic policies amid currency valuation concerns, housing price disparities between the US and Canada, gentrification, balanced budget amendments, and the geopolitical dynamics between Saudi Arabia and Iran, finishing with thoughts on TikTok. Thank you to everyone who sent in questions. Keep 'em coming: Econ102@turpentine.co
Recommended Podcast: @CompanyBreakdownsTurpentine
Each episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit and Rubrik - which just IPO'd.
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SPONSORS: BEEHIIV | WARP | HARMONIC
Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 beehiiv.com and use code "MOZ" for 20% off your first three months
Hundreds of startups already trust Warp to handle their payroll and compliance needs - you can go from zero to payroll live in just two days. Don't let payroll and compliance hold your startup back – visit joinwarp.com/peel to get started and receive a $1000 gift card when you first run payroll.
🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.)
_
SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
_
LINKS:
Noahpinion: https://www.noahpinion.blog/
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TIMESTAMPS:
(00:00) Intro
(00:35) Demystifying the Federal Reserve
(04:11) Greedflation and the role of corporate pricing in inflation
(08:03) Central banks vs. Market-based interest rates
(11:49) Nominal GDP targeting
(17:36) Sponsor: Beehiiv and Warp
(19:41) Canada’s housing market explained
(23:11) YIMBY policies and gentrification
(27:43) Sponsor: Harmonic
(28:49) Keynesianism and deficit management
(31:55) Exploring political influence on economic choices
(34:58) Choosing allies in the Middle East
(35:46) Navigating currency crises in Japan
(45:12) The future of TikTok and digital strategy
(46:26) Wrap
In today's episode of Econ 102, Noah Smith and Erik Torenberg tackle more listener questions: the Fed's impact on inflation and the economy, theories behind interest rates' unexpected effects, and 'greedflation'. The discussion also extends to shifts in Japan's economic policies amid currency valuation concerns, housing price disparities between the US and Canada, gentrification, balanced budget amendments, and the geopolitical dynamics between Saudi Arabia and Iran, finishing with thoughts on TikTok. Thank you to everyone who sent in questions. Keep 'em coming: Econ102@turpentine.co
Recommended Podcast: @CompanyBreakdownsTurpentine
Each episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit and Rubrik - which just IPO'd.
--
SPONSORS: BEEHIIV | WARP | HARMONIC
Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 beehiiv.com and use code "MOZ" for 20% off your first three months
Hundreds of startups already trust Warp to handle their payroll and compliance needs - you can go from zero to payroll live in just two days. Don't let payroll and compliance hold your startup back – visit joinwarp.com/peel to get started and receive a $1000 gift card when you first run payroll.
🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.)
_
SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
_
LINKS:
Noahpinion: https://www.noahpinion.blog/
--
TIMESTAMPS:
(00:00) Intro
(00:35) Demystifying the Federal Reserve
(04:11) Greedflation and the role of corporate pricing in inflation
(08:03) Central banks vs. Market-based interest rates
(11:49) Nominal GDP targeting
(17:36) Sponsor: Beehiiv and Warp
(19:41) Canada’s housing market explained
(23:11) YIMBY policies and gentrification
(27:43) Sponsor: Harmonic
(28:49) Keynesianism and deficit management
(31:55) Exploring political influence on economic choices
(34:58) Choosing allies in the Middle East
(35:46) Navigating currency crises in Japan
(45:12) The future of TikTok and digital strategy
(46:26) Wrap
![How the Fed Works, Currency Crises, and TikTok ban [Listener Mailbag]](https://i.ytimg.com/vi/d7ZpZQVUAks/mqdefault.jpg "How the Fed Works, Currency Crises, and TikTok ban [Listener Mailbag]
In todays episode of Econ 102, Noah Smith and Erik Torenberg tackle more listener questions: the Feds impact on inflation and the economy, theories behind interest rates unexpected effects, and greedflation. The discussion also extends to shifts in Japans economic policies amid currency valuation concerns, housing price disparities between the US and Canada, gentrification, balanced budget amendments, and the geopolitical dynamics between Saudi Arabia and Iran, finishing with thoughts on TikTok. Thank you to everyone who sent in questions. Keep em coming: Econ102@turpentine.co
Recommended Podcast: @CompanyBreakdownsTurpentine
Each episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episodes are on Reddit and Rubrik - which just IPOd.
SPONSORS: BEEHIIV | WARP | HARMONIC
Head to Beehiiv, the newsletter platform built for growth, to power your own. Connect with premium brands, scale your audience, and deliver a beautiful UX that stands out in an inbox. 🐝 https://beehiiv.com and use code MOZ for 20% off your first three months
Hundreds of startups already trust Warp to handle their payroll and compliance needs - you can go from zero to payroll live in just two days. Dont let payroll and compliance hold your startup back – visit https://joinwarp.com/peel to get started and receive a $1000 gift card when you first run payroll.
🧲 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic’s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine (and make sure to mention Turpentine VC during your demo.)
_
SEND US YOUR Qs FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
_
LINKS:
Noahpinion: https://www.noahpinion.blog/
TIMESTAMPS:
(00:00) Intro
(00:35) Demystifying the Federal Reserve
(04:11) Greedflation and the role of corporate pricing in inflation
(08:03) Central banks vs. Market-based interest rates
(11:49) Nominal GDP targeting
(17:36) Sponsor: Beehiiv and Warp
(19:41) Canada’s housing market explained
(23:11) YIMBY policies and gentrification
(27:43) Sponsor: Harmonic
(28:49) Keynesianism and deficit management
(31:55) Exploring political influence on economic choices
(34:58) Choosing allies in the Middle East
(35:46) Navigating currency crises in Japan
(45:12) The future of TikTok and digital strategy
(46:26) Wrap")
