Noah Smith

speaker

437 appearances 1 recordings 1 series first heard Jul 2026 last heard 24 Jul

Noah Smith’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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Prof G Markets · America’s Economy Is Entering a New Era — ft. Noah Smith · 24 Jul 2026 podcast

You know what that is, right?

The oil, right?

So it takes Alaskan oil revenues and natural resource revenues and redistributes the money to the people of Alaska.

We need to do that with tech and AI and these strategically important industries.

where we don't, you know, have the government micromanage and central plan and control business decisions, but we redistribute some of the capital income.

And if necessary, we could.

If our companies were going rogue and doing stuff that was against the interest of the nation, we could have, you know, the government as a shareholder can send someone to the shareholders meetings instead of just regulation and law.

In addition to that, in addition, we can have someone go to the shareholders meetings and say, hey guys,

you need to act in the interest of America and the people of America.

And that's what we need.

We need people being reassured that they have some sort of stake in this, not just financially, but also in terms of power.

I think that solves the problem.

bankruptcies and and failed subcontractors so again sovereign wealth fund i think it's a terrible idea where am i wrong if you don't want a sovereign wealth fund to pick winners and losers you can just have it by index funds i invest in stocks but other than you know i invest in friends startups but i don't i don't really sit there thinking i think ford's gonna do well this week you know i don't i don't do that i don't pick i don't pick winners and losers i buy the index

And then I'd buy the Vanguard index fund.

And you can have the government do that too.

The only winner you're picking then is America itself.

You're making a bet on America.

You're betting on American stocks over foreign stocks.

That's fine.

But then you're not picking winners in terms of industries or companies or things like that.

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