Economist and "Noahpinion" writer Noah Smith and investor Erik Torenberg make sense of what’s happening in the news, technology, business, and beyond, through the lens of economics.
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You’ll hear consequential ideas here first, and in the mainstream months later. Upstream is a curated nexus feed from the Turpentine podcast network, bringing you expert-level conversations hosted by some of the most compelling thinkers in the world including Noah Smith, Samo Burja, Byrne Hobart, Erik Torenberg, and Nathan Labenz. Guests include Marc Andreessen, Balaji Srinivasan, Dario Amodei, Brian Armstrong, David Sacks, Sam Harris, Katherine Boyle, Curtis Yarvin, and many more unmissable ...
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Investor and writer of the popular newsletter The Diff, Byrne Hobart, and co-host Erik Torenberg discuss today’s major inflection points in technology, business, and markets – and help listeners build a diversified portfolio of trends and ideas for the future. Topics covered: Finance, Venture Capital, Tech, AI, Crypto, and Industry Cycles
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See the world through the eyes of society's greatest rule-breakers. The "Live Players" podcast charts the key individuals shaping our future from first principles across multiple domains: business, politics, philanthropy, and broadcasting from the digital town square Join host Samo Burja and Erik Torenberg as they analyze the mindsets of today's most intriguing business leaders, investors, and innovators through the lens of their bold actions and contrarian worldviews. You'll come away with ...
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Immigration Debate w/ Pascal-Emmanuel Gobry and Noah Smith
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1:24:15In this episode of Econ 102 originally aired on the Sphere Podcast, Noah Smith and Pascal-Emmanuel Gobry sit down for a debate on immigration. They cover the philosophical underpinnings of their arguments, where they find common ground, border enforcement, deportation, public opinion, and more. - Sponsors: Notion AI meeting notes lives right in Not…
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AI Business Models, Rare Earths, and China's Economic Challenges
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54:49In this episode of Econ 102, Noah Smith and Erik Torenberg explore AI's effects on productivity, how AI business models will shake out, the US and China's rare earth minerals industries, and China's economic challenges, including demographics, real estate, and involution. - Sponsors: Notion AI meeting notes lives right in Notion, everything you cap…
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Manufacturing's Future, The Electric Tech Stack, and Automation
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56:02על ידי Natalie Toren
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In this episode of Econ 102, Noah Smith and explore how AI is reshaping the economy, jobs, business profitability, industry competition, and financing, while drawing historical parallels and offering insights into its broader societal impact. – SPONSORS: Zcash Zcash offers private, encrypted digital money that protects users from AI-powered surveil…
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AGI Thought Experiment with Dwarkesh Patel, Noah Smith, and Erik Torenberg | From the a16z Podcast
1:15:55
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1:15:55In this episode from the a16z Podcast, Dwarkesh Patel, Noah Smith, and Erik Torenberg discuss AGI, exploring how AI might transform labor markets, economic growth, space exploration, and geopolitical dynamics in the coming decades. – SPONSORS: Zcash Zcash offers private, encrypted digital money that protects users from AI-powered surveillance, allo…
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Making Sense of Milei, AI & Employment, and America's Future
53:57
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53:57על ידי Turpentine
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Sam D'Amico and Noah Smith on How China Masters Manufacturing (And How America Can Catch Up)
55:12
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55:12על ידי Turpentine
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Why Hardware Is the Way to Win the AI Race
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52:38In this episode of Live Players, Samo Buja and Erik Torenberg discuss the pivotal role of hardware in the advancement of AI, the strategic importance of semiconductor manufacturing, and the intricate geopolitical dynamics between the US, China, and Taiwan. — 📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/excl…
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The 2nd China Shock: Why Chinese Companies Are Making Zero Profit
50:29
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50:29על ידי Turpentine
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Derek Thompson on Why America Can't Build, Abundance, and Substack
1:09:55
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1:09:55על ידי Turpentine
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What Replaces Twitter? With Noah Smith & Chris Best, CEO of Substack
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46:05על ידי Turpentine
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China, Tesla, and the Electric Tech Stack Revolution
45:07
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45:07על ידי Turpentine
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Cost Disease, USAID Debate, and is Curtis Yarvin Trapped in 2020
38:44
38:44
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38:44על ידי Turpentine
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Noah Smith & Matt Yglesias on the Electric Technology Crisis, China, and America's Future
1:13:07
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1:13:07על ידי Turpentine
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India-Pakistan, Building Back Military Power, and Immigration
59:04
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59:04על ידי Turpentine
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India, Pakistan, and Religious Tensions
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41:39This week on Live Players, Erik Torenberg and Samo Burja discuss geopolitical and societal complexities of the India-Pakistan conflict, examining the historical context, demographic challenges, military capabilities, and potential outcomes of the ongoing tensions between the two nuclear-armed neighbors. — 📰 Be notified early when Turpentine's drops…
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E141: The Bronze Age Collapse and History's Selective Memory
1:03:08
1:03:08
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1:03:08Today on Upstream, we’re sharing Erik Torenberg conversation with Samo Burja where they discuss the Bronze Age collapse, technological advancements in ancient civilizations, and the nuanced history of the Roman Empire, along with a detailed analysis of contemporary geopolitical dynamics, particularly focusing on the Russian-Ukrainian conflict and i…
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The Middle Class Myth, China's Future, and What Really Happened in 1971
52:04
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52:04על ידי Turpentine
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E140: Why Industrial Revolutions Stall
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45:59Today on Upstream, we’re sharing Erik Torenberg conversation with Samo Burja on this week’s Live Players. They discuss the potential industrial revolutions in history, particularly in the Roman Empire and Song Dynasty China, their technological advancements, economic factors, and the reasons these revolutions didn't reach full fruition. — 📰 Be noti…
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The Almost-Industrial Revolutions of Rome and China
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44:47Erik Torenberg and Samo Burja discuss the potential industrial revolutions in history, particularly in the Roman Empire and Song Dynasty China, their technological advancements, economic factors, and the reasons these revolutions didn't reach full fruition. — 📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exc…
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E139: America’s Tech Strategy w/ Qasar Younis, Sen. Jack Reed, and Josh Wolfe
29:38
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29:38This week, we’re featuring a panel discussion from the 2025 Hill and Valley Forum with Josh Wolfe (Lux Capital), Senator Jack Reed (RI), and Qasar Younis, Founder and CEO, Applied Intuition They address talent attraction and retention, China's espionage and surveillance state, immigration policies, dual-use technologies, and the challenges and stra…
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You Can't Tariff Your Way to Greatness
1:00:34
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1:00:34על ידי Turpentine
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E138: Palantir CEO Alex Karp & Rep. Ritchie Torres on Innovation & The West | Hill and Valley Forum 2024
30:28
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30:28Alex Karp, CEO of Palantir Technologies, and Congressman Richie Torres discuss higher education, Palantir's fearless culture, and the importance of contrarianism in driving innovation at the 2024 Hill and Valley Forum. — 📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess — RECOMMENDED PODCASTS: 🎙️…
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E137: AI Safety vs Speed: Helen Toner Discusses OpenAI Board Experience, Regulatory Approaches, and Military AI [The Cognitive Revolution]
1:20:01
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1:20:01This week on Upstream, we’re releasing an episode of The Cognitive Revolution. Nathan Labenz interviews Helen Toner, director at CSET, about her experiences with OpenAI, the concept of adaptation buffers for AI integration, and AI's role in military decision-making. They discuss the implications of AI development, the need for regulatory policies, …
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על ידי Turpentine
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E71: Risk Taking, Contrarianism, and Growth [Byrne on Interintellect]
1:37:33
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1:37:33In this episode, Byrne Hobart joined Matjaž Leonardis in Austin for an Interintellect salon — a platform for 21st-century intellectual discourse—to discuss his new book Boom: Bubbles at the End of Stagnation, exploring how technological advancements, market paradoxes, and historical and modern financial bubbles — from the Manhattan Project to crypt…
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E136: Trump V2: Tariffs, American Dynamism, Higher Ed | Byrne Hobart
1:02:03
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1:02:03In this episode, Erik Torenberg and Byrne Hobart discuss the economic consequences of Trump's tariffs, OpenAI's recent innovations, and their implications for white collar work. They also explore the potential market shifts, the resilience of the US dollar as a reserve currency, and the state of elite higher education institutions like Harvard in t…
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The Bond Market Rules Everything
57:23
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57:23על ידי Turpentine
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E70: OpenAI’s Open Source Strategy, Volatility & Tariffs, and Automation’s Consequences w/ Byrne Hobart
1:03:31
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1:03:31This week, Byrne Hobart and Erik Torenberg explore how technological advancements, policy shifts like Trump's tariffs and U.S. industrial policy, the re-industrialization of America, the influence of institutions like Harvard, the evolving role of the U.S. dollar, and the rise of OpenAI are reshaping global markets, businesses, and the future of ar…
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E135: The Problem With Reserve Currencies and Switching to Crypto w/ Lyn Alden [From the Archives]
57:45
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57:45This week on Upstream, we’re sharing Erik Torenberg’s 2024 interview with Lyn Alden. Lyn discusses her book 'Broken Money', the impact of the global reserve currency, inflation, interest rates, and provides advice for navigating an uncertain economic future. — 📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/ex…
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Tariff Mayhem and Capital Flight
59:35
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59:35על ידי Turpentine
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E134: Atheism’s Decline, Consciousness, and The New Right w/ Ross Douthat
57:08
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57:08Today on Upstream, Ross Douthat joins Erik Torenberg to discuss his new book 'Believe: Why Everyone Should Be Religious,' exploring the decline of new atheism, the intellectual defense of institutional religion, and the intersection between traditional Christianity, Silicon Valley, and modern materialism. This episode originally aired on Moment of …
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E133: China’s Energy Problem w/ Samo Burja
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57:09Today on Upstream, we’re releasing a 2024 conversation between Erik Torenberg and Samo Burja. They discuss China's approach to energy security, exploring why China isn't pursuing energy independence despite significant oil production capability and the potential for further development. — 📰 Be notified early when Turpentine's drops new publication:…
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E69: Good vs Bad Bubbles, Stagnation, and Bitcoin [Byrne on Bankless]
1:44:48
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1:44:48In this episode of The Riff, we are releasing a conversation Byrne Hobart had on the Bankless podcast about Byrne's book Bitcoin, exploring the provocative idea that speculative Bubbles—while sometimes destructive—can be powerful drivers of innovation, with examples from history and present-day trends like AI and crypto, ultimately highlighting the…
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E132: AI Managers, US vs China Analysis, and AI Art w/ Byrne Hobart
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51:38Today on Upstream, we’re sharing an episode of The Riff (originally aired on April 1, 2025). Erik Torenberg and Byrne Hobart explore the shifting dynamics of global trade between China and the US, the potential for AI to replace senior rather than junior roles in the workplace, and the economic structure of live entertainment markets like StubHub. …
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E131: Abundance Agenda, The New Right, and 2008 Retrospective w/ Noah Smith
1:08:17
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1:08:17Today on Upstream, Erik Torenberg and Noah Smith discuss the Abundance Agenda by Ezra Klein and Derek Thompson, the impact of the 2008 recession, Obama's presidency, and shifts in political ideology, focusing on the 'New Right' and its cultural and economic implications, while also touching upon the economic recovery strategies post-2008. This epis…
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E68: Chinese Free Trade, AI Managers, and Why AI Art is Art
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51:14This week, Byrne Hobart and Erik Torenberg discuss the transformative impact of technological change on global trade, AI’s disruption of senior roles, the debate over AI-generated art, and market dynamics—particularly in live entertainment ticketing—offering a wide-ranging and thought-provoking discussion. --- 🙏 Help shape our show by taking our qu…
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The New Left vs The New Right
1:11:01
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1:11:01על ידי Turpentine
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E130: Elon Musk’s Network Effects and Checking in on Chinese AI w/ Byrne Hobart
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59:31This week on Upstream, we're releasing an episode of The Riff (originally aired on March 25, 2025) where Erik Torenberg and Byrne Hobart discuss Don Jr.'s leveraging of the Trump brand, Dustin Moskovitz's departure to address AI risks, economic impacts of various policies, and geopolitical considerations with a focus on AI and China's tech ambition…
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E129: Dark Triad, Romantic Partner Selection, and Dating Advice w/ Rob Henderson
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1:02:32Today on Upstream, Erik Torenberg interviews author Rob Henderson about modern romance, discussing evolutionary psychology, the attraction to dark triad men, dating apps, and practical advice for men seeking romantic partners. — 📰 Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess 🙏 Help shape our s…
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E67: Hidden X-Risk, Network Effects of Elon’s Empire, and American Hegemony
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57:56This week, Byrne Hobart and Erik Torenberg explore Donald Trump Jr.'s financial leverage of the Trump brand, Dustin Moskovitz's shift toward AI existential risks, Elon Musk's strategic decisions with Twitter, potential U.S. recessions, political party shifts, China's AI policy, and the broader impact of these developments on Wall Street and Main St…
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Abundance Debate, Sex Politics, and Left vs Right Economic Populism
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58:32על ידי Turpentine
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E128: US-Europe Relations, How Japan Can Strengthen The Yen, and Predicting AI’s Growth Effects w/ Noah Smith
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52:48Today on Upstream, Erik Torenberg and Noah Smith analyze America's European withdrawal, China's selective globalization strategy, and tempers expectations about AI's economic impact while considering GDP measurement challenges. — 📰Be notified early when Turpentine's drops new publication: https://www.turpentine.co/exclusiveaccess 🙏Help shape our sh…
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E127: The Tech Right and How The Left Can Fix Itself w/ Jon Askonas
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45:22Today on Upstream, we’re airing Erik Torenberg’s conversation with Jon Askonas. They explore the emerging coalition between MAGA supporters and Silicon Valley tech leaders, examines the underlying political realignment, the tensions and fault lines within this coalition, and the potential future conflicts surrounding issues like immigration and tra…
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How Europe, America and China are Repositioning
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52:56על ידי Turpentine
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E126: Data Center Economics and AI Energy Requirements w/ Patrick McKenzie and Azeem Azhar
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1:14:17Today on Upstream, we’re releasing Patrick MacKenzie's interview with Azeem Azhar which originally aired in February 2025 on Complex Systems. They discuss the economics and infrastructure of data centers, comparing historical infrastructure rollouts to modern AI-driven data center needs, and explore the implications of exponential power demands, in…
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E125: Palantir’s Politics, Elon’s Approach to DOGE, and AI’s Effects on Writing w/ Byrne Hobart
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56:03Today on Upstream, Byrne Hobart and Erik Torenberg dive into the wide-ranging effects of technological change on media and society. They cover the AI debate, blogging's social impact, AI's influence on search and data, the changing news industry, foreign aid cuts, and the rise of new tech elites. This episode originally aired on The Riff (March 11,…
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Making Sense of America's Tariff Chaos
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1:03:07על ידי Turpentine
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E66: The Politics of Alex Karp and Palantir, DOGE Breakdown, and AI vs Blogging
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54:30This week, Byrne Hobart and Erik Torenberg explore the effects of technological change on media and society, covering topics such as the AI debate, blogging's social impact, AI's influence on search and data, the changing news industry, foreign aid cuts, and the rise of new tech elites. --- 🙏 Help shape our show by taking our quick listener survey …
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E124: How to Have A Philosophical Marriage w/ Agnes Callard and Arnold Brooks
1:09:21
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1:09:21Today on Upstream, we’re releasing an episode from Modern Relationships which originally aired on February 28, 2025 where Erik Torenberg interviews philosophy professors Agnes Callard and Arnold Brooks about their unconventional marriage, the role of philosophy in their relationship, the impact of their public profile, and how they balance personal…
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