Uploaded January 2024 | Updated September 2026, 2 days ago
📈 Noah Smith explains how Korea used trade diversion to appropriate Japanese manufacturing. For more on Japan, check out Econ 102's most recent episode "A Deep Dive into Japan."
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📈 Econ 102 is a part of the Turpentine podcast network. To learn more: turpentine.co
📈 Noah Smith explains how Korea used trade diversion to appropriate Japanese manufacturing. For more on Japan, check out Econ 102's most recent episode "A Deep Dive into Japan."
--
📈 Econ 102 is a part of the Turpentine podcast network. To learn more: turpentine.co
![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.
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SEND US YOUR Qs FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
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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")
