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b"In this week\\u2019s episode, Noah Smith and Erik Torenberg dive into various econ topics and tackle listener questions! They cover: government spending and the national debt, discussion on taxation, wealth taxes and economic outcome of the next U.S. election, as well as differences in respect and status in the United States and Japan, and lessons learned from deficit spending.\\n\\nThis show is produced by Turpentine: a network of podcasts, newsletters, and more, covering technology, business, and culture \\u2014 all from the perspective of industry insiders and experts. We\\u2019re launching new shows every week, and we\\u2019re looking for industry-leading sponsors \\u2014 if you think that might be you and your company, email us at erik@turpentine.co.\\n_\\nSPONSOR: HARMONIC\\n\\U0001f9f2 Learn why Craft, Bedrock, NEA and 100s more trust Harmonic\\u2019s data to source deals. Harmonic is the most complete startup database, finding new companies as soon as they incorporate and tracking them through IPO. Head to https://bit.ly/harmonicturpentine and make sure to mention Turpentine VC during your demo.\\n_\\nSEND US YOUR Q's FOR NOAH TO ANSWER ON AIR: Econ102@Turpentine.co\\n_\\nRecommended Podcast: Company Breakdowns\\nEach episode of Company Breakdowns dives into S-1s and series B-and-beyond companies, interviewing founders and investors to break down the companies. First episode is on Rubrik - which just IPO'd. Coming up this season: Databricks, Reddit + more,\\nSpotify:\\xa0https://open.spotify.com/show/0epyYBAxLeF0PsNagdDJAJ\\nApple:\\xa0https://podcasts.apple.com/us/podcast/company-breakdowns/id1743119197\\n\\n_\\nLinks:\\nNoah Smith's Noahpinion https://www.noahpinion.blog\\n\\n_\\n\\xa0X / TWITTER:\\n@noahpinion (Noah)\\n@eriktorenberg (Erik)\\n@TurpentineMedia (Turpentine)\\n\\n_\\nTimestamps:\\n(00:00) Episode Preview\\n(01:02) Noah\\u2019s Japan trip\\n(02:33) Why is the U.S. doing so much deficit spending?\\n(08:04) Post-COVID economic response\\n(14:52) Levers of dealing with the National debt\\n(21:27) 2024 Election Speculations: Economic outcomes of Trump vs. Biden\\n(25:26) Pros and cons of a Wealth tax\\n(30:35) Sponsor: Turpentine\\n(32:34) Impact of Funding the IRS and repealing Trump's tax cuts\\n(33:01) Reducing government spending\\n(41:11) Addressing economic inequality in the U.S.\\n(51:26) Wrap"