Shows
Brad DeLong's Grasping RealityPODCAST: Hexapodia LXIII: Plato's WereWolf, & Other Trumpist TopicsBack after a year on hiatus! Noah Smith & Brad DeLong Record the Podcast They, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour...Subscribe now2025-04-2400 min
"Econ 102" with Noah Smith and Erik TorenbergPreparing for a Second China Shock and Bad Economists with Brad DeLongIn 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. --🔥 Apply to join over 400 Founders and Execs in the Turpentine Network: https://www.turpentinenetwork.co/--RECOMMENDED PODCAST:🎙️ This Won't Last - Eavesdrop on Keith Rabois, Kevin Ryan, Logan Bartlett, and Zach Weinb...2024-09-131h 11
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia LXII: Noah Needs Nuance!Noah Smith & Brad DeLong Record the Podcast We, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour...Key Insights:* Brad DeLong says: You say economics and economists in decline—I see bad economists in decline.* Brad DeLong says: You see missile defense as remarkably effective—I see it as marginally effective, at best.* Brad DeLong says: You say China Shock II—I say China Shock I required the GWB administration as witting and unwitting co-conspirator.* Noah Smith says: These are self-refuting prophecies: my def...2024-06-251h 04
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia LXI: DeLong Smackdown Watch: Snatching Back the Baton for Supply-Side Progressivism EditionNoah Smith & Brad DeLong Record the Podcast We, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour...Key Insights:* A number of years ago, Brad DeLong said that it was time to “pass the baton” to “The Left”. How’s that working out for us? #actually, he had said that we had passed the baton—that the absence since January 21, 2009 (or possibly January 21, 1993) of Republican negotiating partners meant that sensible centrism produced nothing—that Barack Obama had proposed John McCain’s climate policy, Mitt Romney’s health care policy, George H.W...2024-05-221h 08
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia LX: DeLong Smackdown Watch: China EditionNoah Smith & Brad DeLong Record the Podcast We, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour...Key Insights:* Someone is wrong on the internet! Specifically Brad… He needs to shape up and scrub his brain… * Back in the 2000s, Brad argued that the U.S. should over the next few generations try to pass the baton of world leadership to a prosperous, democratic, liberal China…* Back in the 2000s, Noah thought that Brad was wrong—he looked at the Chinese Communist Party, and he thoug...2024-05-1446 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia LIX: Mourning the Death of Vernor VingeNoah Smith & Brad DeLong Record the Podcast We, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour... Key Insights:* Vernor Vinge was one of the GOAT scifi authors—and he is also one of the most underrated…* That a squishy social-democratic leftie like Brad DeLong can derive so much insight and pleasure from the work of a hard-right libertarian like Vernor Vinge—for whom the New Deal Order is very close to being the Big Bad, and who sees FDR as a cousin of Sauron—creates great ho...2024-05-081h 11
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia LVIII: Acemoglu & Johnson Should Have Written About Technologies as Labor-Complementing or Labor-SubstitutingIn which Noah Smith & Brad DeLong wish Daron Acemoglu & Simon Johnson had written a very different book than their "Power & Progress" is...Key Insights:* Acemoglu & Johnson should have written a very different book—one about how some technologies complement and others substitute for labor, and it is very important to maximize the first.* Neither Noah Smith nor Brad DeLong is at all comfortable with “power” as a category in economics other than as the ability to credibly threaten to commit violence or theft.* Acemoglu & Robinson’s Why Nations Fail is a truly gr...2024-03-191h 08
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia LVII: The "Vibecession" Is Losing Its VibeProducer Confidence & Consumer Confidence (in the Economy), & Our Confidence (in Our Analyses): Noah Smith & Brad DeLong Record the Podcast We, at Least, Would Like to Listen to!; Aspirationally Bi-Weekly (Meaning Every Other Week); Aspirationally an hour...Key Insights:* The disjunction between all the economic data having been very good and very strong for the past year and tons of reports and commentary about how people “weren’t feeling it” is mostly the result of the fact that things work with lags.* There are other factors: partisan politics, and the insistence of Republicans that they m...2024-02-0847 min
UndertoneNoah SmithNoah and I talk about Keynes' 15 hour work week, Piketty's r>g, economic development in Africa, Javier Milei, Anime, and more.
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Timestamps
(0:00:00) Intro
(0:00:30) Noah’s intellectual influences
(0:10:20) Javier Milei
(0:11:43) Which macroeconomist would Noah give the highest grade?
(0:13:47) Defining mainstream macro in 2024
(0:18:22) Innovation in macroeconomics
(0:21:48) NGDP targeting
(0:24:35) Keynes and the 15 hour work week
(0:30:25) Is inequality a problem?
(0:34:16) Thomas Piketty and r>g
(0:39:37) Africa’s economic development
(0:44:47) What has Noah changed his mind...2024-01-301h 18
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia LII: Growth, Development, China, the Solow Model, & the Future of South & Southeast AsiaKey Insights:* The Chinese Communist Party is very like an aristocracy—or maybe it isn’t…* If it is, it will in the long run have the same strong growth-retarding effects on the economy that aristocracies traditionally have…* Or maybe it won’t: China today is not Europe in the 1600s…* We probably will not be able to get Noah to read Franklin Ford: Robe & Sword: The Regrouping of the French Nobility After Louis XIV to dive more deeply into analogies & contrasts…* Southeast Asia’s future is very bright beca...2023-09-0549 min
LuminaryNoah Smith on digital technology adoption, energy, and economic progress
Noah Smith is a renaissance man, blogger, and commentator. Noah’s popular blog, Noahpinion, focuses on economics, technology, and current events. He was previously a columnist for Bloomberg and an assistant professor of Behavioral finance at Stony Brook University.
Our wide-ranging conversation covers digital technology, economics, and energy. We discuss Noah’s framework for thinking about technology, digital technology adoption and its implications for economic activity, measures of technological advancement, opportunities and challenges for solar and nuclear energy, and the Noah Smith production function.
About and From Noah Smith:
Noah Smith (writer) – Wikipedia
Noahpinion
Noah Sm...2023-09-041h 09
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongHexapodia L: Why Is Such a Good Economy Seen as Bad?Key Insights:* Brad has a new microphone!* Noah has jet lag: he is just back from Japan.* Brad has jet lag: he is just back from Australia.* Perhaps inflation’s ebbing has not yet made its way into the minds of people when they answer pollsters.* We reject the hypothesis that it is because of lagging real incomes.* More difficult mortgage borrowing and positive interest payments on car loans are a thing, but really unlikely to be a big thing.* It seems likely that 2024 will be...2023-08-1148 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongHexapodia XLIX: We Cannot Tell in Advance Which Technologies Are Labor-Augmenting & Which Are Labor-ReplacingKey Insights:* Brad’s microphone is dying, and a new one is on order.* However, 75% of the talking on this episode is Noah: he came loaded for bear.* Although Noah has not yet read Acemoglu & Johnson’s Power & Progress, he nevertheless has OPINIONS!* Friedrich von Hayek was right when he pointed out that we could not know the shape of future technologies* Particularly, we cannot know where, as new technologies develop, they will settle in the balance between tacit-local and formal-generalizable-centralizable knowledge with respect to what is needed to make...2023-07-0745 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: “Hexapodia” is þe Key Insight! XLVII: “Polycrisis” Was Just the New Cold War All the Time!Key Insights:* The global trade network is immensely valuable…* Friendshoring is not deglobalization, but raher shift-globlization…* Brad was stupid in 2005 in thinking “passing the baton of hegemony” constructively and progressively was a possibility…* Countries have no gratitude, and only remember what is convenient…* William James sought for “the moral equivalent of war” to mobilize civilizational energies for good and progress; and a Cold War certainly counts…* As Zhou Enlai said on similar issues: “it is too soon to tell”…* We both hope that America and China will soon be frien...2023-02-0656 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: “Hexapodia” is þe Key Insight! XLVI: Þe One Where We Talk About Everything, wiþ Special Guest Miles KimballKey Insights:* Yes, it is possible to talk about everything in an hour…* We are not very far apart on what the Fed is doing and should be doing—there is only a 100 basis-point disagreement…* Miles would be 100% right about the proper stance of monetary policy if he were in control of the Fed…* Miles is not in control of the Fed…* Thus Brad thinks that asymmetric risks strongly militate for pausing for six months, and then moving rapidly…* Smart people need to think much more about how to incre...2023-01-101h 04
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: "Hexapodia" is þe Key Insight! XLIV: R&D & Industrial Resarch LabsPre-Note:Here in the U.S., at the leading edge of the world economy, measured producivity growth fell off a cliff in the late 1960s, recovreed somewhat in the 1980s, resumed what had been its “normal” pre-1970 pace in the 1990s with the dot-com boom—and then fell off a cliff again in the mid-2000s.Did the neoliberal swing toward “short-termism”, viewing corporations as cash-flow engines and nothing else—plus the great reduction in public R&D and infrastructure spending—play a role in this? Perhaps. Maybe even probably.Could and should we rebuild the...2022-12-091h 08
Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and IdeasBrad DeLong on Why the 20th Century Fell Short of UtopiaPeople throughout history have imagined ideal societies of various sorts. As the twentieth century dawned, advances in manufacturing and communication arguably brought the idea of utopia within our practical reach, at least as far as economic necessities are concerned. But we failed to achieve it, to say the least. Brad DeLong’s new book, Slouching Towards Utopia: An Economic History of the Twentieth Century, investigates why. He compares the competing political and economic systems that dominated the “long 20th century” from 1870 to 2010, and how we managed to create such enormous wealth and still be left with such intractable problems.Su...2022-09-051h 24
Narratives108: Noah Smith - Abundance, Georgism and YIMBYismIn this episode we're joined by Noah Smith to talk about Georgism, why we need abundant energy, housing, heathcare and dignity, and the success of the YIMBY movement. Noah Smith is an economist who blogs at: This episode was co-hosted by Lars Doucet.Transcript:William Jarvis 0:05 Hey folks, welcome to narratives. narratives is a podcast exploring the ways in which the world is better than in the past, the ways it is worse in the past, where it's a better, more definite vision of the future. I'm your host, William Jarvis. And I...2022-08-2257 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: "Hexapodia" is þe Key Insight! XXXVIII: Crypto & "Web3"Key Insights:* The most recent round of Tech elephants, rhinoceroses, unicorns, and spiny lizards—Netflix, Shopify, etc.—are very unlikely to payoff for those investors who stay on the ride to the very end.* That said, they were very much worth doing even if they never make their shareholders any money. The growth of communities of engineering, entrepreneurial, and organizational practice is a huge benefit for innovation and growth—and the overwhelming bulk of that becomes non-rival public knowledge, that nobody can make scarce and hence charge people through the nose for.* Having your r...2022-05-2541 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: "Hexapodia" is þe Key Insight! XXXVII: A Meta-Podcast on the Ezra Klein Show, Larry Summers Edition; or, The Inflation Outlook AgainKey Insights:* Not so much key insights, as key questions: (a) What are the teams? (b) 1920, 1948, 1951, 1974, or 1980? (c) Are there any true members of Team Transitory left? (d) Who is on Team The-Fed-Has-Got-This? (e) Who is on Team Hit-the-Economy-on-the-Head-with-a-Brick? (f) What inflation rate do we want to support economic reopening? (g) What inflation rate do we want to support the sectoral rebalancing—towards goods production, & towards the deliverator economy? (h) How would expected inflation get embedded in the labor market without strong unions and multi-year contracts? (i) How would expected inflation get embedded in the la...2022-03-3051 min
The Simple Heart w/ Wayne HsiungIs the Food System about to Collapse? Is the World? - Noah Smith (economist)A few weeks ago, Noah Smith, an economist who writes for Bloomberg and on Substack, wrote one of the most important blogs I’ve read about the crisis in Ukraine. And it was all about food.
You see, Ukraine and Russia make up a whopping 25% of all wheat exports in the world. And while most of the world has been talking about guns and gas prices, Noah has pointed out the obvious: while we can do without gas (and might prefer to have fewer guns), the world can’t go without food. Yet that may be what the war in Ukra...2022-03-221h 57
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: “Hexapodia” Is þe Key Insight XXIX: Þe Swedish Central Bank Prize in Honor of Alfred Nobel PodcastKey Insights:* Paul Feyerabend was right—science is whatever scientists do: anything goes. But what healthy sciences that survive and flourish and good scientists do is put first and foremost discovering what actually is and making theories to understand reality. So Kuhn and Popper are also right.* Economics has not been much of a science. But this Card, Angrist, Imbens—and Krueger—Nobel Prize marks a very big possible improvement in this respect.* Keep at it! Keep doing your work no matter the brickbats, and you may, someday, look back and recognize that you ha...2021-10-2044 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: “Hexapodia” Is þe Key Insight XXIV: Which Great Powers Held the Baton of the Future, When?“I have seen the future, and it works”. That was what Lincoln Steffens wrote in a letter to Maria Howe in 1919 with respect to Vladimir Lenin’s Soviet Union. Which societies are thought to “work”, and how does that influence the power and authority such societies have, and the global leadership they can exercise? Key Insights:* We need to have another podcast on emerging great-power competition in a time of increasing global authoritarianism* Great powers remain great powers not just through economic and military strength, but by projecting an image that they are the wave o...2021-08-0747 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: “Hexapodia” Is þe Key Insight XXIII: AntitrustKey Insights:* There are a great many reasons to fear that the rise of industrial and post-industrial economic concentration is doing serious harm to the market economy’s (limited) ability to function as an efficiency-promoting societal calculating mechanism.* None of these have yet been nailed down.* But the neo-Brandeisians will have their chance because of the striking misbehavior of the tech platforms, which have thought too much about how to glue their users’ eyeballs to the screen so they can be sold ads and too little about how to make users and others happ...2021-07-2540 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: "Hexapodia" Is þe Key Insight XXII: Cuba!Key Insights!:* Hexapodia!* Drop the embargo now!* There is nothing that enables an authoritarian régime—or, indeed, pretty much any type of régime—hang together other than an implacable external enemy.* For the Cuban military-bureaucratic junta-oligarchy, that implacable external enemy consists of the Cuban exiles in Miami and their descendantsReferences:* Alexa van Sickle (2014): Viva la Revolución: Cuban Farmers Re-Gain Control Over Land: ‘As the state loosens its grip on food product… * Damian Cave: Raúl Castro Thanks U.S., but Reaffirms Communist Ru...2021-07-1439 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: "Hexapodia" Is þe Key Insight XIX: America Today: A Zero-Sum Society?Key Insights:* Hexapodia!* Periodically, America has had “the frontier has closed, now scarcity rules!” panics—& they have been bad, but so far they have all been false alarms.* The “new frontier” to alleviate scarcity in America is intensive growth, right here, but more: economic poldering.References:* John F. Kennedy (1960): “The New Frontier”: Liberal Party Nomination Acceptance Speech * William H. Kilpatrick & al. (1933): The Educational Frontier * Perry Miller (1956): Errand into the Wilderness * Mancur Olson (1982): The Rise & Decline of Nations: Economic Growth, Stagflation, & Social Rigidities * Rick Perls...2021-06-1644 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia XI: China: Its Industrial Policy, & Its Striving for Deweaponized AutarchyKey Insights:Brad DeLong: “I have one key insight: everyone should subscribe to Foreign Affairs and read Dan Wang’s forthcoming piece…”Noah Smith: “There are no good models in history for what China is doing…”Dan Wang: “There are lots of questions about industrial policy that it is very difficult to answer…”And as always, the last key insight is: Hexapodia!References:Ian Cutress: TSMC: We have 50% of All EUV Installations, 60% Wafer Capacity Ian Cutress: Intel’s x86 Designs No Longer Limited to Intel on Intel: IP Blocks fo...2021-04-2143 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia X: Global Warming…have to come from the arc of Asia facing the bullets, because the American century is over… It's possible to be increasingly optimistic about climate change and to recognize that we still have a huge way to go… If you want to see a coral reef other than with your VR goggles, start scuba diving now…Zeke Hausfather: Climate scientist working on temp records, climate and energy system models. Director of Climate and Energy at The Breakthrough Institute Global Warming:We are now at 1.2℃—2.15℉ above preindustrial, with temperature rising at 0.2℃—0.36℉ every decade, with a lot of momentum be...2021-04-1455 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia IX: Banishing Extreme Poverty from þe World…as Leninist, Noah Smith as Burkean. We neoliberals and neoliberal-adjacents need to come up with five significant discrete policies to make the world economy work better to reduce not just extreme but regular poverty over the next generation, rather than rest on fictitious laurels…Max Roser: “Most people in the world live in poverty. 85% of the world live on less than $30 per day, two-thirds live on less than $10 per day, and every tenth person lives on less than $1.90 per day. In each of these statistics price differences between countries are taken into account to adjust for the purcha...2021-04-0749 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia VIII: Þe China Syndrome!…from the rest of coastal East Asia when looked at in comparative context:Today Noah Smith & Brad DeLong talk about China, the Taiwan Semiconductor Manufacturing Corporation, Wilhelmine Germany before WWI, & other topics. The key insights are: (1) we need to get Dan Wang on this podcast; (2) in the context of coastal East Asia after WWII, it does not look as though China has any special economic development sauce—it’s just so huge—(3) China’s land-policy slowdown of migration to the coast has made its economic development significantly slower, (4) Barry Eichengreen with his theories of middle-income growth slowdown looks very...2021-03-3138 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia VI: Þe Global South Begins to Converge to þe Global North!; Wiþ Noah Smith & Brad DeLongFor 200 years—from 1800 to 2000—first the Industrial Revolution Age and next the Modern Economic Growth Age rolled forward, bringing previously unimaginable wealth to the global north. And the global south fell further and further behind. Don’t get us wrong—life expectancy, nutrition standards, and material well-being in 2000 were all much higher in the global south in 2000 than in 1800. But the proportional gap vis-a-vis the global north had grown to staggering and awful proportions that were a scandal, a disgrace, and a crime. But since 2000 the worm may have turned: now it looks as though the global south—virtually the entire...2021-03-1733 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia V: Freeing Us from þe Market; Wiþ Mike Konczal, Noah Smith & Brad DeLongMike Konczal: Freedom From the Market: America’s FIght to Liberate Itself from the Grip of the Invisible Hand Konczal says that it is only today that “glib libertarians” purveying “fantasies” are trying to make us forget “that free programs and keeping things free from the market are as American as apple pie…” One of the best passages in the book is where he notes the connection between the Fight for $15 minimum wage campaign and human freedom: “Service sector workers demanding a $15 minimum wage and a union… have already won huge victories [with] ideas about how low-wage, precarious work is a...2021-03-1034 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia IV: Checks for (Almost) Everyone! Wiþ Noah Smith & Brad DeLongThe classical British social insurance state took large chunks of human activity out of the marketplace and attempted to distribute them to each according to his or her need. The classical American social insurance state was targeted and grouchy, attempting to elicit proper behavior. Now we have a turn that we regard as very hopeful: recognizing that the problem of the poor is primarily the problem of too-little social power, that money brings social power, hence the solution is to get the money to the people...RSS URL: References:Twirlip of the Mists...2021-03-0328 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia III: þe Minimum Wage, wiþ Arin Dube, Noah Smith, & Brad DeLong: Should We Be Fighting for $15?If moderate raises in the minimum wage do not cause unemployment, who can object to them—but why do they not cause higher unemployment, if they in fact do not?RSS URL: Reference:Arin Dube (2019): Impacts of Minimum Wages: Review of the International Evidence : Get full access to Brad DeLong's Grasping Reality at braddelong.substack.com/subscribe2021-02-2448 min
The Kindle ChroniclesTKC 655 Noah Smith Bloomberg Opinion Columnist & Creator of the Noahpinion blog/newsletter Interview starts at 11:40 and ends at 56:07 Links Note: I will be discussing my interview with Noah Smith Saturday February 20, 2021 at 4 pm ET on Clubhouse. If you are a member of Clubhouse, please click here to join me. I had originally planned the Clubhouse room for 1 p.m. but now realize that’s pretty early for a Saturday morning, especially on the West Coast. Amazon’s Day 1 Editions products “What’s Amazon’s Secret?” by Jonathan A. Knee at The N...2021-02-2056 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: Hexapodia II: Industrial Policy? Do We Need It?, wiþ Brad DeLong & Noah SmithIs there a mysterious Factor X that can speed growth, enhance opportunity, raise wages, & convince others that no, China does not have a superior system?RSS URL: Works Referenced:Twirlip of the Mists: Hexapodia as the Key Insight: ‘I haven't had a chance to see the famous video from Straumli Realm, except as an evocation. (My only gateway onto the Net is very expensive.) Is it true that humans have six legs? I wasn't sure from the evocation. If these humans have three pairs of legs, then I think there is an easy ex...2021-02-1733 min
Techmeme Ride Home(Bonus) Is Silicon Valley "Over?" With Bloomberg's @noahpinionIf you want the single best person in economics twitter to follow, it’s Noah Smith, Bloomberg’s Economics Opinion Columnist. If you want to him, its @noahpinion, by the way. If you want a great substack to sign up to, try noahpinion.substack.com… the free article this week is called Triumph of the HODler’s… I hope I remember to link to it in the show notes. It’s the best summation I’ve read of what’s going on with Bitcoin at the moment. But also, as you’ll hear, he has a great new podcast with another econo...2021-02-1338 min
"Hexapodia" Is the Key Insight: by Noah Smith & Brad DeLongPODCAST: "Hexapodia" Is þe Key Insight I: "Relief, Support, Stimulus" or "Stimulus, Inflation, Catastrophe"?: þe Biden $1.9T Reconciliation Plan: Noah Smith & Brad DeLongNoah Smith & Brad DeLong now have a podcast:Works Referenced:Twirlip of the Mists: Hexapodia as the Key InsightVernor Vinge: A Fire Upon the Deep Vernor Vinge: A Deepness in the SkyLarry Summers: The Biden Stimulus Is Admirably Ambitious. But It Brings Some Big Risks tooOlivier Blanchard: ‘Let me double down and go through some numbers…Paul Krugman: Nonstimulus Arithmetic: Why the American Rescue Plan has to be big Noah Smith: COVID Relief Isn't Stimulus, It's Social Insurance: It’s not about pri...2021-02-1035 min
Out of the CrisisNoah Smith and Brad DeLong: the cost of the crisisWe are now seeing how damaging our weak response to the pandemic was in the US. Both on human lives and on the economy. But, how much would it actually have cost, if we had completely shuttered the economy for six weeks and paid everyone to stay at home? Would it be cheaper and more effective than the patchwork responses we are seeing now?These questions are not easy to answer, so I spoke to two economic experts Brad DeLong and Noah Smith. Brad and Noah don't agree on much, or really anything. However, they came together...2020-08-311h 01
Startup Geometry PodcastEP 004 Brad DeLong on Macro and the MeltdownBrad DeLong visits Startup Geometry today to talk about economic currents and current economics. He may or may not have confessed to being a hyperintelligent swarm of bees in human form, a historian in disguise as an economist, and/or a Keynesian. He reviews the effects and effectiveness of US economic policies including the 2009 Recovery Act; the Trans-Pacific Partnership; tax, education, infrastructure and other proposals. We discuss the entertainment revolution and the fall of middle class security, and what to do if someone has a bigger yacht than you.
If you enjoy the show & would like to...2015-06-171h 00Startup Geometry PodcastEP 004 Brad DeLong on Macro and the MeltdownBrad DeLong visits Startup Geometry today to talk about economic currents and current economics. He may or may not have confessed to being a hyperintelligent swarm of bees in human form, a historian in disguise as an economist, and/or a Keynesian. He reviews the effects and effectiveness of US economic policies including the 2009 Recovery Act; the Trans-Pacific Partnership; tax, education, infrastructure and other proposals. We discuss the entertainment revolution and the fall of middle class security, and what to do if someone has a bigger yacht than you.
If you enjoy the show & would like to...2015-06-171h 00