Podcasts"Econ 102" with Noah Smith and Erik TorenbergTrump/Biden, Chomsky/Foreign Policy, & Romantic Relationships
Trump/Biden, Chomsky/Foreign Policy, & Romantic Relationships
"Econ 102" with Noah Smith and Erik TorenbergMon Jun 24 2024
Trump's Presidency - Positive Aspects and Concerns:
- Trump altered the perspective on trade, implemented export controls effectively, and initiated a successful vaccine effort during his presidency.
- The CARES Act provided crucial COVID relief that prevented financial ruin for many Americans during the pandemic.
- Concerns were raised about Trump spending time fighting with American institutions like the military and court system, which could lead to institutional degradation and social unrest.
Biden vs. Trump Second Term Predictions:
- Biden is anticipated to adopt more conservative positions in his second term, particularly regarding issues such as drilling and border security shifts.
- Conversely, it is expected that if re-elected, Trump would escalate actions towards degrading institutions by defying courts and issuing illegal executive orders.
Chomsky's Influence on Foreign Policy:
- Chomsky gained popularity for critiquing America's militaristic attitude post-Vietnam War and highlighting the negative consequences of excessive American power.
- While correctly identifying some adverse outcomes of US foreign policy actions like the Iraq war, there were instances where his views aligned with anti-American dictators.
Tech Industry Sympathy Shift Towards Trump:
- The tech industry has displayed a shift towards being more sympathetic to Trump due to factors such as crime rates, perceptions of anarchy on the West Coast, aging workforce demographics, and Gensler's crackdown on crypto affecting the VC sector negatively.
Global Anti-American Sentiment Comparison:
- Historically, the UK has exhibited worse anti-national sentiment than the US based on Orwell's observations during World War II.
- Orwell criticized British socialists sympathizing with Hitler during wartime, showcasing extreme anti-British sentiments within certain segments of society.
British Class Resentments and American Intellectual Elite:
- The upper middle class in Britain historically used anti-Britishness and socialism to express class resentments towards the upper class.
- This historical behavior mirrors some modern expressions of rage among the American intellectual elite, who exhibit status anxiety and elite overproduction.
- American humanities professors have been noted for their negative behavior on Twitter compared to other countries, reflecting similar sentiments of class resentment.
- Some individuals from top schools with upper-middle-class jobs harbor resentment towards successful tech entrepreneurs, showcasing ongoing class resentments.
Chomsky's Influence on Foreign Policy:
- Chomsky's significant global influence on foreign policy was discussed, highlighting his impact worldwide.
- Anti-American sentiment globally was explored in connection with Chomsky's critical views on US policies.
Economic Schools of Thought and Federal Reserve Chairs Ranking:
- Different economic schools of thought were briefly outlined, including liberal internationalism and realism as examples.
- Paul Krugman's legacy was analyzed, focusing on his contributions to new trade theory and Keynesian ideas within economics.
- Jerome Powell's performance as a Federal Reserve chair was evaluated, ranking him below top chairs like Paul Volcker and Ben Bernanke based on specific criteria such as rate adjustments.
Economic Models and Dating Markets:
- The search and matching model was mentioned as the appropriate framework for understanding dating markets where individuals search for suitable partners while considering continuation value.
- Thick market effects in cities like San Francisco were highlighted due to population density influencing dating dynamics significantly.
Role of Sex in Long-Term Relationships:
- The concept that relationships involve growing into each other over time rather than finding an immediate perfect match was discussed as a key factor in long-term relationship success.
- The importance of sexual attraction leading to love in relationships was emphasized as a crucial element contributing to lasting romantic bonds.
Trump/Biden Presidency Comparison:
- Assessment of Trump's presidency was discussed, highlighting both the positive and negative aspects, including his economic policies and foreign relations.
- Predictions were made regarding a potential second term for Biden compared to Trump, focusing on policy implications and leadership style.
- The shift in the tech industry towards supporting Trump was mentioned, indicating a change in political alliances within the sector.
Chomsky's Influence on Foreign Policy:
- Chomsky's impact on foreign policy was explored, emphasizing his critical views on U.S. interventions and global power dynamics.
- Anti-American sentiment from a global perspective was analyzed, discussing how Chomsky's critiques have influenced international perceptions of American foreign policy decisions.
Economic Schools of Thought and Figures:
- Different economic schools of thought were touched upon during the conversation, such as Keynesian economics and supply-side economics.
- Federal Reserve chairs were ranked, discussing their contributions and legacies. Paul Krugman's legacy was specifically mentioned in relation to his work in trade theory and economic geography.
Economic Models and Dating Markets:
- The relationship between economic models and dating markets was examined, exploring parallels between market dynamics and romantic relationships.
- The role of sex in long-term relationships was discussed, including Noah's theory on why sex leads to love based on evolutionary psychology principles.
- The Coolidge effect in human relationships was explained, focusing on its implications for romantic connections by describing how novelty can influence attraction over time.
Genetics in Relationships:
- Genetics' influence on human relationships was briefly mentioned without delving into specifics, hinting at genetic predispositions impacting behavior patterns within relationships.