Erik Torenberg and economist Noah Smith dissect the Democratic Party's path forward. Smith advocates for fiscal responsibility over progressive rhetoric, refocusing democracy concerns away from voter ID laws toward election integrity, and embracing patriotic messaging instead of identity politics.

Their exchange ventures into Elon Musk's influence on Republican effectiveness, the merits of Japanese bureaucratic models, and building a more competitive political landscape where both parties can harness entrepreneurial talent to implement practical governance solutions.

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RELATED LINKS:

How the Democrats can fight back against MAGA

https://www.noahpinion.blog/p/how-the-democrats-can-fight-back

Only fools think Elon is incompetent

https://www.noahpinion.blog/p/only-fools-think-elon-is-incompetent

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X / TWITTER:

@noahpinion

@eriktorenberg

@turpentinemedia

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HIGHLIGHTS FROM THE EPISODE

Three Recommendations for Democrats:

Anti-Inflation Strategy: Emphasize fiscally responsible policies, cut deficits, and abandon price controls and MMT rhetoric
Democracy Focus: Focus specifically on election integrity rather than voter ID laws or gerrymandering
Patriotic Messaging: Abandon progressive "America was founded on racism" rhetoric and embrace traditional American values

Tech Leadership Dynamics:

Elon Musk has transformed Republican effectiveness through entrepreneurial approaches
Democrats have alienated tech entrepreneurs through "tech bro" antagonism
Democrats need their own tech-savvy leaders (suggestions included Sam Altman, Marc Benioff, Reid Hoffman)

Biden's Economic Record:

The Inflation Reduction Act was misnamed but had positive industrial policy effects
Biden successfully fought inflation through Fed policy, deficit reduction, and energy production
The administration's effective actions contradicted progressive rhetoric

Project 2025 Critique:

Good intentions but lacks nuanced understanding of government functions
Relies too heavily on right-wing social media ecosystem for information
Would benefit from consulting policy experts at conservative think tanks

Social Media Transformation:

Twitter/X has become narrower and more political under Musk
A more fragmented social media landscape is positive for America
Social platforms naturally polarize along political lines

Alternative Economic Model:

Need for a "third way" beyond neoliberalism
Combine industrial policy, regulatory reforms, and Japanese-style bureaucratic approaches
Emphasize efficient governance over ideological purity

Cultural Observations:

"Situationships" replacing traditional relationships among young people
Free speech principles being abandoned by some Democrats
Increasing education polarization in political alignment

Inflation, Elon's Competence, and Changes Democrats Need to Make with Noah Smith 01:02:45 Share

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Shownotes Transcript

Inflation, Elon's Competence, and Changes Democrats Need to Make with Noah Smith