Making Sense of Milei, AI & Employment, and America's Future

Listen to this episode from "Econ 102" with Noah Smith and Erik Torenberg on Spotify. 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:CartaCarta is offering up to 40% off a new Carta plan, including cap table management, QSBS Attestation, and Carta Total Compensation. This limited-time offer runs through the end of July at ⁠z.carta.com/econ102⁠.NetSuiteMore than 42,000 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/102⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ShopifyShopify is the world's leading e-commerce platform, offering a market-leading checkout system Shoppay and exclusive AI apps. Nobody does selling better than Shopify. Get a $1 per month trial at ⁠⁠⁠⁠⁠⁠https://shopify.com/momentofzen⁠⁠⁠⁠⁠⁠.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-Shownotes brought to you by Notion AI Meeting Notes - try one month for free at notion.com/lp/econ102Argentina's Economic Reforms: President Milei's fiscal austerity measures to address chronic deficits without dollarization, focusing on necessary belt-tightening for a middle-income country supporting an upper-income welfare stateDevelopment Models in Emerging Economies: Case studies like Vietnam and Bangladesh demonstrating different paths to economic developmentThe Crime Rate Decline: Focused deterrence approaches and community policing helping reduce violent crime, especially among high-risk populationsEducation and Fertility Rates: The inverse relationship between women's education and fertility rates, and the impossibility of reversing it without dystopian measuresAI and Population Dynamics: How artificial intelligence might mitigate economic damage from population decline by replacing human laborQuotes:"If AI really can replace humans, then that will mitigate the economic damage from the losses of population." - Noah Smith"Murders between people who know each other, between people who are like intimate partner violence has gone way down." - Noah Smith"We need to basically create technologies that make it easy to take care of kids so that parenthood doesn't mean it's giant change in your life." - Noah SmithLINKS:Noahpinion newsletter: https://noahpinion.substack.com/Erik Torenberg's Substack: https://eriktorenberg.substack.com/Got questions for Noah and Erik to answer on air? Send them to [email protected] ON X:@noahpinion@eriktorenberg@turpentinemedia Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.