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"Econ 102" with Noah Smith and Erik Torenberg
Economist and "Noahpinion" writer Noah Smith and investor Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics.
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Episodes
What AI Means for Anthropic, Washington, and Jobs 24.03.2026 29:27
Noah Smith joins Erik Torenberg at the 2026 American Dynamism Summit in Washington, D.C. to discuss Anthropic's relationship with Washington, bioterrorism risks stemming from AI, why Noah isn't worried about AI causing job loss, and more. - Timestamps: 00:00 - Intro 00:28 - Anthropic, DOD, & Government Control of AI 04:28 - Sponsor: NetSuite 09:44 - Advice for Dario & Anthropic 12:13 - Partisan Po...
Technology, Crime, and Public Safety w/ Garrett Langley, CEO of Flock Safety 09.02.2026 44:07
In this episode of Econ 102, Noah and Erik are joined by Flock Safety CEO to cover America's crime crisis and how to solve it with technology. They explore international comparisons, why America's crime problem is unique, how cameras can deter crime, tradeoffs in crime reduction, and more. - Sponsors: Notion AI meeting notes lives right in Notion, everything you capture, whether that's meetings, p...
Europe's Future, Online Politics, and Populism in America 02.01.2026 43:11
In this episode of Econ 102, Noah Smith and Erik Torenberg cover Europe's economic future, how internet discourse has changed politics, the rise of identitarian populism on both the right and left in America, and more. - Sponsors: Notion AI meeting notes lives right in Notion, everything you capture, whether that's meetings, podcasts, interviews, conversations, live exactly where you plan, build,...
Immigration Debate w/ Pascal-Emmanuel Gobry and Noah Smith 05.12.2025 1:24:15
In this episode of Econ 102 originally aired on the Sphere Podcast, Noah Smith and Pascal-Emmanuel Gobry sit down for a debate on immigration. They cover the philosophical underpinnings of their arguments, where they find common ground, border enforcement, deportation, public opinion, and more. - Sponsors: Notion AI meeting notes lives right in Notion, everything you capture, whether that's meetin...
AI Business Models, Rare Earths, and China's Economic Challenges 11.11.2025 54:49
In this episode of Econ 102, Noah Smith and Erik Torenberg explore AI's effects on productivity, how AI business models will shake out, the US and China's rare earth minerals industries, and China's economic challenges, including demographics, real estate, and involution. - Sponsors: Notion AI meeting notes lives right in Notion, everything you capture, whether that's meetings, podcasts, interview...
Manufacturing's Future, The Electric Tech Stack, and Automation 08.10.2025 56:02
In this episode of Econ 102, Noah Smith and Erik Torenberg cover the transformation of global manufacturing, the rise of the electric tech stack, the landscape of jobs and economic policy, and the state of today's online discourse. – SPONSORS: NetSuite More than 42,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, i...
Who Profits from AI? 27.08.2025 56:07
In this episode of Econ 102, Noah Smith and explore how AI is reshaping the economy, jobs, business profitability, industry competition, and financing, while drawing historical parallels and offering insights into its broader societal impact. – SPONSORS: Zcash Zcash offers private, encrypted digital money that protects users from AI-powered surveillance, allowing people to store and spend wealth w...
AGI Thought Experiment with Dwarkesh Patel, Noah Smith, and Erik Torenberg | From the a16z Podcast 15.08.2025 1:15:55
In this episode from the a16z Podcast, Dwarkesh Patel, Noah Smith, and Erik Torenberg discuss AGI, exploring how AI might transform labor markets, economic growth, space exploration, and geopolitical dynamics in the coming decades. – SPONSORS: Zcash Zcash offers private, encrypted digital money that protects users from AI-powered surveillance, allowing people to store and spend wealth without comp...
Making Sense of Milei, AI & Employment, and America's Future 31.07.2025 53:57
In this episode, Noah Smith and Erik Torenberg explore Argentina's economic reforms under President Milei, development models in emerging economies like Vietnam and Malaysia, effective crime reduction strategies, and how AI might reshape our workforce and population dynamics in the coming decades. – SPONSORS: Carta Carta is offering up to 40% off a new Carta plan, including cap table management, Q...
Sam D'Amico and Noah Smith on How China Masters Manufacturing (And How America Can Catch Up) 22.07.2025 55:12
This week, we’re airing a live conversation between Noah Smith and Sam D’Amico, founder and CEO of Impulse Labs, about how China’s Electric Tech Stack and tightly integrated supply chains are fueling its lead in industries from EVs to robotics, while exploring solutions for revitalizing U.S. manufacturing. The conversation also covers regulatory challenges, the value of co-locating engineers and f...
The 2nd China Shock: Why Chinese Companies Are Making Zero Profit 15.07.2025 50:29
This week, Noah Smith and Erik Torenberg analyze recent global events—from a political shift in New York to the Israel-Iran conflict—while exploring U.S.-China economic dynamics, evolving industrial policies, and the risk of a recession. The conversation also touches on historical economic shifts, tariffs, and manufacturing trends. – SPONSORS: Carta Carta is offering up to 40% off a new Carta plan...
Derek Thompson on Why America Can't Build, Abundance, and Substack 08.07.2025 1:09:55
In this episode of Econ 102, we're republishing a conversation between Noah Smith and Derek Thompson recorded live on Substack in June. They explore Derek’s shift from The Atlantic to Substack and unpack the “abundance agenda” — a vision for revitalizing American politics through better housing, energy, and innovation policy. Their wide-ranging conversation touches on economic reform, trendspottin...
What Replaces Twitter? With Noah Smith & Chris Best, CEO of Substack 21.06.2025 46:05
This week, we're republishing a conversation from last month between Noah Smith and Substack CEO Chris Best, originally streamed on Substack Live. They discuss the future of media in an AI-driven world, including Noah's vision for AI-powered newsletters, the rise of independent voices, and the evolving roles of platforms like TikTok and Twitter. The conversation also explores Substack's potential...
China, Tesla, and the Electric Tech Stack Revolution 12.06.2025 45:07
This week, Noah Smith and Erik Torenberg discuss China’s economic strategies, technological advancements, and geopolitical challenges, contrasting them with U.S. policy. They discuss topics from the Hong Kong protests to battery manufacturing and emphasize the need for American industrial policy, education reform, and strategic investment to stay competitive. – SPONSORS: Carta Carta is offering up...
Cost Disease, USAID Debate, and is Curtis Yarvin Trapped in 2020 04.06.2025 38:44
This week, Noah Smith and Erik Torenberg explore persistent economic myths and recent developments—from cost disease in services like healthcare and education to stagnating manufacturing productivity, rising higher education costs, drug pricing policies, and student loan debates—while also reflecting on broader intellectual shifts driven by culture wars and foreign aid discussions. – SPONSORS: Car...
Noah Smith & Matt Yglesias on the Electric Technology Crisis, China, and America's Future 28.05.2025 1:13:07
This week, we're republishing a conversation Noah Smith and Matt Yglesias hosted live on Substack this past Monday. They revisit a wide-ranging conversation on the transformative role of electric motors, batteries, and industrial policy in a politically polarized era, touching on the history of energy, global economic competition, AI regulation, the Inflation Reduction Act, Democratic strategy, an...
India-Pakistan, Building Back Military Power, and Immigration 23.05.2025 59:04
This week, Noah Smith and Erik Torenberg examine global conflicts—especially India-Pakistan tensions—the U.S. military and industrial strategy amid rising threats from China, and the implications of AI and electrification, emphasizing the need for smarter immigration and industrial policies to maintain America's technological and geopolitical edge. – SPONSORS: Carta Carta is offering up to 40% off...
The Middle Class Myth, China's Future, and What Really Happened in 1971 15.05.2025 52:04
This week, Noah Smith and Erik Torenberg debunk myths about the American middle class and globalization, analyze historical data on wage stagnation and trade, assess China’s technological rise, and discuss U.S. economic resilience and policy responses to protectionism. – SPONSORS: Carta Carta is offering up to 40% off a new Carta plan, including cap table management, QSBS Attestation, and Carta To...
You Can't Tariff Your Way to Greatness 02.05.2025 1:00:34
This week, Noah Smith and Erik Torenberg explore how nostalgia influences politics and economic policy in the US and China, comparing their consumer cultures, industrial strategies, and the complex effects of tariffs on domestic economies and global relations. RECOMMENDED PODCAST: Tools and Weapons with Brad Smith Join Microsoft Vice Chair Brad Smith as he explores tech's impact on society with B...
The Deindustrialization Paradox 24.04.2025 45:02
This week, Noah Smith and Erik Torenberg explore topics ranging from the futuristic themes of Black Mirror and the societal impact of technology to a critical analysis of Trump’s de-industrializing tariff policies versus Biden’s growth-focused subsidies, while also examining libertarianism’s influence on American politics and the cultural shifts it may entail. RECOMMENDED PODCAST: Tools and Weapo...
The Bond Market Rules Everything 18.04.2025 57:23
This week, Noah Smith and Erik Torenberg discuss the Trump administration’s trade policies, their impact on U.S. manufacturing and investment, discussing strategies to counter China’s influence through multi-country trade blocs and industrial policy, and examining currency dynamics, economic default risks, and the complexities of global trade. RECOMMENDED PODCAST: Tools and Weapons with Brad Smit...
Tariff Mayhem and Capital Flight 14.04.2025 59:35
This week, Noah Smith and Erik Torenberg analyze the global repercussions of Trump’s broad tariff policies, critique misconceptions about trade deficits, and explore the economic fallout and potential policy responses. RECOMMENDED PODCAST: Tools and Weapons with Brad Smith Join Microsoft Vice Chair Brad Smith as he explores tech's impact on society with Bill Gates and Satya Nadella sharing untold...
The New Left vs The New Right 01.04.2025 1:11:01
This week, Noah Smith and Erik Torenberg explore the rise of the 'abundance' ideology among Democrats, assess Obama's economic legacy, and analyze the New Right's evolving influence, offering a broad perspective on shifting political and economic discourse. RECOMMENDED PODCAST: Tools and Weapons with Brad Smith Join Microsoft Vice Chair Brad Smith as he explores tech's impact on society with Bill...
Abundance Debate, Sex Politics, and Left vs Right Economic Populism 25.03.2025 58:32
This week, Noah Smith and Erik Tornberg explore Japan’s economic and societal structure—covering urban zoning, housing policy, and government efficiency—before critiquing Abundance by Ezra Klein and Derek Thompson, advocating for balanced market dynamics and governance, and discussing broader socio-political themes like right-wing ideologies, gender in the workforce, and economic populism. – SPONS...
How Europe, America and China are Repositioning 18.03.2025 52:56
This week, Noah Smith and Erik Torenberg explore global economic issues, including US-European relations influenced by defense commitments, the impact of Trump’s policies, China’s Belt and Road Initiative and its exclusion of India, the role of AI in economic growth, government spending’s effects on GDP, and briefly discuss Smith’s upcoming book, Weeb Economy, and Noah's trip to Japan. – SPONSORS:...
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