Uploaded September 2024 | Updated September 2026, 1 day ago

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In today’s episode, Noah Smith and Brad DeLong tackle pressing topics such as the potential for a 'China Shock 2', the effectiveness of missile defense systems, and the shifting role of economists since the Great Recession. They also explore the nuances of economic theory, policy implementation, and real-world outcomes, particularly in a fast-paced information age.

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LINKS:

Noahpinion: https://www.noahpinion.blog/
Hexapedia links:
APPLE - podcasts.apple.com/us/podcast/hexapodia-is-the-key-insight-by-noah-smith-brad-delong/id1552990332
SPOTIFY - open.spotify.com/show/2uHLn3k2PrhY3exPs1sUeB

References:
Brad DeLong: braddelong.substack.com
Smith, Noah. 2024. “Why so many of us were wrong about missile defense”. Noahpinion. April 15: https://www.noahpinion.blog/p/why-so-many-of-us-were-wrong-about
Smith, Noah. 2024. “Twilight of the economists?” Noahpinion. April 12: https://www.noahpinion.blog/p/twilight-of-the-economists
Smith, Noah. 2024. “The decade of the Second China Shock”. March 23: https://www.noahpinion.blog/p/the-decade-of-the-second-china-shock
Vinge, Vernor. 1999. A Deepness in the Sky. New York: Tor Books: amazon.com/Deepness-Sky-Zones-Thought/dp/0812536355


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TIMESTAMPS:
(00:00) Intro
(01:40) China Shock 2.0
(07:01) Debating U.S. policy responses
(09:26) China's manufacturing and global trade
(17:53) Market economies of Europe and Japan
(22:29) Sponsors: Netsuite | Alts
(24:33) Importance of taking preemptive actions
(31:40) Financial capitalism vs. Industrial policy
(33:16) Sponsor: WorkOS
(34:51) Financial Capitalism and Intel's Struggles
(35:20) Critique of economists and economics
(36:30) State of the economics profession
(39:58) Economists' influence on policy
(48:52) Missile defense and Its Implications
(51:19) Russia's military strategy and economic constraints
(59:20) Future of warfare and economic mobilization
(01:06:40) Wrap