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 Smith

Join Microsoft Vice Chair Brad Smith as he explores tech's impact on society with Bill Gates and Satya Nadella sharing untold stories and insights on Microsoft's AI-fueled future.

Spotify: https://open.spotify.com/show/4bYASdhkHwovdSmU4YAjYg

Apple: https://podcasts.apple.com/us/podcast/tools-and-weapons-with-brad-smith/id1632459165

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

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RECOMMENDED IN THIS EPISODE:

Noahpinion: https://www.noahpinion.blog/ 

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TAKEAWAYS:

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 stories and insights on Microsoft's AI-fueled future.

Spotify: https://open.spotify.com/show/4bYASdhkHwovdSmU4YAjYg

Apple: https://podcasts.apple.com/us/podcast/tools-and-weapons-with-brad-smith/id1632459165

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

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RECOMMENDED IN THIS EPISODE:

Noahpinion: https://www.noahpinion.blog/ 

All the arguments for Trumps Tariffs are wrong and bad: https://www.noahpinion.blog/p/all-the-arguments-for-tariffs-are

This is called Capital Flight: https://www.noahpinion.blog/p/this-is-called-capital-flight

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TAKEAWAYS:

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 Gates and Satya Nadella sharing untold stories and insights on Microsoft's AI-fueled future.

Spotify: https://open.spotify.com/show/4bYASdhkHwovdSmU4YAjYg

Apple: https://podcasts.apple.com/us/podcast/tools-and-weapons-with-brad-smith/id1632459165

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

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RECOMMENDED IN THIS EPISODE:

Noahpinion: https://www.noahpinion.blog/ 

Cory McArthur aka Irish Lotus: https://soundcloud.com/cory-mcarthur-879994262/irish-lotus

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TAKEAWAYS:

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.

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

Found

 Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

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RECOMMENDED IN THIS EPISODE:

Abundance: https://www.amazon.com/Abundance-Progress-Takes-Ezra-Klein/dp/1668023482

I have written a book!: https://www.noahpinion.blog/p/i-have-written-a-book

Noahpinion: https://www.noahpinion.blog/ 

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TAKEAWAYS:

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.

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

Found

 Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

Incogni

Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: https://incogni.com/econ102

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

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RECOMMENDED IN THIS EPISODE:

Weeb Economy: https://bookplus.nikkei.com/atcl/catalog/25/03/02/01880/

I have written a book!: https://www.noahpinion.blog/p/i-have-written-a-book

Noahpinion: https://www.noahpinion.blog/ 

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TAKEAWAYS:

This week, Noah Smith and Erik Torenberg discuss the chaos caused by Trump's trade policies, tariffs' effects on the U.S. economy, potential recession risks, economic isolationism, policy uncertainty, investment impacts, and the broader cultural and societal shifts in America, including the decline of Christianity, the rise of wokeness, and community disintegration.

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

Found

 Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

Incogni

Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: https://incogni.com/econ102

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

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RECOMMENDED IN THIS EPISODE:

Noahpinion: https://www.noahpinion.blog/ 

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TAKEAWAYS:

In this episode, Noah Smith recently went on the Break the Rules podcast, hosted by Lev Polyakov, for a debate with Auron MacIntyre. They discuss the societal implications of AI development, focusing on Trump's relationships with tech leaders, AI systems like Stargate, surveillance, economic productivity, regulatory measures, geopolitical competition, and immigrant labor's role in technological advancements.

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RECOMMENDED PODCAST:

🎙️Break The Rules - Hosted by Lev Polyakov, Break The Rules brings different online & offline circles together at a time of social atomization in order to break echo-chambers.

Apple Podcasts: https://podcasts.apple.com/us/podcast/break-the-rules/id1543233584

Spotify: https://open.spotify.com/show/0yovF9Vo8n1fF1DGlMuWBh

YouTube: https://www.youtube.com/@breakth3rules/

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

Found

 Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

Incogni

Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: https://incogni.com/econ102

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@LevPo

@AuronMacintyre

@noahpinion

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RECOMMENDED IN THIS EPISODE:

Trump Liberty or Technocracy? Auron Macintyre & Noah Smith: https://www.youtube.com/live/pH_nuk94FQk?si=D-5qvd74cpBSjwfm

The Total State: How Liberal Democracies Become Tyrannies: https://www.amazon.com/dp/1684515580ref_=cm_sw_r_cp_ud_dp_5Q231Q8CQ65W8Z0PTQ3H

Noahpinion: https://www.noahpinion.blog/ 

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TAKEAWAYS:

This week, we're sharing Richard Hanania and Noah Smith’s live conversation from Feb 6th,  recorded for their Substack audiences. This is the first time the two writers have met, and in this conversation they covered fundamental differences between the American right and left movements. They also discuss Elon Musk's positioning as the future Republican kingmaker and Noah's theory that Musk envisions coordinating a global "anti-woke alliance" with Putin and Xi.

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

Found

 Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

Incogni

Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: https://incogni.com/econ102

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@RichardHanania

@noahpinion

@eriktorenberg

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RECOMMENDED IN THIS EPISODE:

Richard Hanania’s Newsletter: https://www.richardhanania.com/ 

Noahpinion: https://www.noahpinion.blog/ 

Too many Americans still fear the future: https://www.noahpinion.blog/p/too-many-americans-still-fear-the 

The chaos has arrived: https://www.noahpinion.blog/p/the-chaos-has-arrived 

Trump's Executive Branch Revolution: https://www.richardhanania.com/p/trumps-executive-branch-revolution 

Trump impose large tariffs in first year?: https://manifold.markets/RichardHanania/trump-impose-large-tariffs-in-first?play=false 

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TAKEAWAYS:

This week Noah Smith and Erik Torenberg discuss three key areas where Democrats need to rethink their strategy: embracing anti-inflation policies similar to the Clinton era, focusing on genuine threats to democracy rather than partisan hobby horses, and abandoning progressive language policing that alienates voters. Noah also talks about how Elon Musk has transformed Republican effectiveness by bringing entrepreneurial talent to politics, arguing that Democrats need to stop alienating tech entrepreneurs and instead recruit similar talent to their side.

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

Found

 Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102

Incogni

Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: https://incogni.com/econ102

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

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RECOMMENDED PODCAST:

🎙️ Second Opinion

Join Christina Farr, Ash Zenooz and Luba Greenwood as they bring influential entrepreneurs, experts and investors into the ring for candid conversations at the frontlines of healthcare and digital health every week.

Spotify: https://open.spotify.com/show/0A8NwQE976s32zdBbZw6bv 

Apple: https://podcasts.apple.com/us/podcast/second-opinion-with-christina-farr-ash-zenooz-md-luba/id1759267211 

YouTube: https://www.youtube.com/@SecondOpinionwithChristinaFarr

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TAKEAWAYS:

In this episode, Noah Smith and Erik Torenberg discuss how Ukraine has proven surprisingly resilient throughout the war by maintaining its economy and developing significant domestic drone manufacturing capabilities. He argues that "Europe is not toothless" despite America's shifting role, detailing how Europe collectively has greater manufacturing capacity than America and identifying three key reforms Europe needs: deregulating software, building energy infrastructure, and removing internal trade barriers.

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SPONSORS:

NetSuite

More than 41,000 businesses have already upgraded to NetSuite by Oracle, the #1 cloud financial system bringing accounting, financial management, inventory, HR, into ONE proven platform. Download the CFO's Guide to AI and Machine learning: https://netsuite.com/102

AdQuick

The easiest way to book out-of-home ads (like billboards, vehicle wraps, and airport displays) the same way you would order an Uber. Ready to get your brand the attention it deserves? Visit https://adquick.com/ today to start reaching your customers in the real world.

Found

 Found provides small business owners tools to track expenses, calculate taxes, manage cashflow, send invoices and more. Open a Found account for free at https://found.com/econ102

Incogni

Take your personal data back with Incogni! Use code ECON102 at the link below and get 60% off an annual plan: https://incogni.com/econ102

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SEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: [email protected]

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FOLLOW ON X:

@noahpinion

@eriktorenberg

@turpentinemedia

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RECOMMENDED IN THIS EPISODE:

Noahpinion: It’s time for Europe to stand up https://www.noahpinion.blog/p/its-time-for-europe-to-stand-up

Book: Old Man’s War by John Scalzi https://www.goodreads.com/book/show/36510196-old-man-s-war

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RECOMMENDED PODCAST:

🎙️Check out Modern Relationships, where Erik Torenberg interviews tech power couples and leading thinkers to explore how ambitious people actually make partnerships work. This season's guests include: Delian Asparouhov & Nadia Asparouhova, Kristen Berman & Phil Levin, Rob Henderson, and Liv Boeree & Igor Kurganov.

Apple: https://podcasts.apple.com/us/podcast/id1786227593 

Spotify: https://open.spotify.com/show/5hJzs0gDg6lRT6r10mdpVg 

YouTube: https://www.youtube.com/@ModernRelationshipsPod 

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TAKEAWAYS