Noah Smith (@noahpinion), Bloomberg Opinion writer and author of the Noahpinion Substack, joins Erik to discuss:

- Why colleges should try to emulate the Cal State and CUNY systems, which Noah says provide the best value for dollars in education.

- Why the US should want to copy the Japanese and Korean healthcare systems, and the power that a national health insurance program has to drive cost down.

- Why the oil shock precipitated the great stagnation, and the evolution (and non-evolution) of energy sources over the years.

- What climate economics got wrong and why the revolution in green energy is will not only be about reducing carbon emissions but rather the abundance of cheap energy.

- What people get wrong about inflation and monetary policy and how the fed really works.

- What the US should do to increase innovation, and Noah’s take on whether science and commercialization of discoveries is slowing down or not.

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