Uploaded September 2023 | Updated September 2026, 1 hour ago
Economist Noah Smith and Erik Torenberg discuss Noah’s Substack essays about a possible age of austerity, and moving away from China for the US’s next age of globalization. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: daffy.org/econ102
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Sponsors: DAFFY | NETSUITE
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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
(01:24 - 23:48) Age of Austerity
(04:27) Reducing the deficit
(02:47) What spending cuts will we see?
(06:10) What’s the bottom line for growth?
(18:38) Sponsors: Daffy and Netsuite
(23:49) Adjust your graphs for inflation!
(25:22) Why a cheaper US dollar is actually a weapon
(26:55) Chinese “dumping”
(29:42) The next wave of globalization is going to be awesome
(32:29) China is a nuts country
(33:35) Are we deglobalizing?
(35:51) South and Southeast Asia
(43:19) Economic Nationalism is here to stay
(46:57) Globalization moving forward is about reducing our dependency on China
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LINKS:
“An Age of Austerity is probably on the way”: https://www.noahpinion.blog/p/an-age-of-austerity-is-probably-on
“No one knows how much the government can borrow”: https://www.noahpinion.blog/p/no-one-knows-how-much-the-government
“The next phase of globalization is going to be awesome”: https://www.noahpinion.blog/p/the-next-phase-of-globalization-is
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X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
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Music license:
UMA1M5ZHWRZAAHYB
P6TXWGI6QDOIAZFI
Economist Noah Smith and Erik Torenberg discuss Noah’s Substack essays about a possible age of austerity, and moving away from China for the US’s next age of globalization. Daffy is offering Econ 102 listeners a free $25 for the charity of their choice when they join: daffy.org/econ102
--
Sponsors: DAFFY | NETSUITE
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 when they join Daffy 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 ✅ netsuite.com/102 and download your own customized KPI checklist.
--
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
(01:24 - 23:48) Age of Austerity
(04:27) Reducing the deficit
(02:47) What spending cuts will we see?
(06:10) What’s the bottom line for growth?
(18:38) Sponsors: Daffy and Netsuite
(23:49) Adjust your graphs for inflation!
(25:22) Why a cheaper US dollar is actually a weapon
(26:55) Chinese “dumping”
(29:42) The next wave of globalization is going to be awesome
(32:29) China is a nuts country
(33:35) Are we deglobalizing?
(35:51) South and Southeast Asia
(43:19) Economic Nationalism is here to stay
(46:57) Globalization moving forward is about reducing our dependency on China
--
LINKS:
“An Age of Austerity is probably on the way”: https://www.noahpinion.blog/p/an-age-of-austerity-is-probably-on
“No one knows how much the government can borrow”: https://www.noahpinion.blog/p/no-one-knows-how-much-the-government
“The next phase of globalization is going to be awesome”: https://www.noahpinion.blog/p/the-next-phase-of-globalization-is
--
X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
--
Music license:
UMA1M5ZHWRZAAHYB
P6TXWGI6QDOIAZFI
![Analyzing Economies: England, France, Germany, Poland, Turkey, & the EU [Round 2]](https://i.ytimg.com/vi/wHoIKwBTs1k/mqdefault.jpg "Analyzing Economies: England, France, Germany, Poland, Turkey, & the EU [Round 2]
In our second installment of Analyzing the Economies Around the World, Noah Smith and Erik Torenberg cover Europe and Turkey. They discuss the UKs productivity issues, Frances nuclear energy investments, Germanys weaknesses, Polands economic success, Turkeys economic policies, and immigration challenges across the EU and Europe.
This show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture — all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors — if you think that might be you and your company, email us at erik@turpentine.co.
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SEND US YOUR Qs FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co
Links:
Noah Smiths Noahpinion https://www.noahpinion.blog
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X / TWITTER:
@noahpinion (Noah)
@eriktorenberg (Erik)
@TurpentineMedia (Turpentine)
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TIMESTAMPS:
(00:00) Intro
(00:30) UKs economic challenges
(07:25) Frances nuclear power success
(12:02) Germany’s trust problem
(24:28) Sponsor: Turpentine
(25:36) Italy’s stagnant and declining economy
(26:33) Polands economic rise
(31:24) Poland responding to external threats
(32:25) Europes immigration challenges
(45:13) EUs future despite economic and regulatory obstacles.
(52:34) Turkeys economic landscape and prospects
(58:17) Wrap
Music license:
#2850")
