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 · last 12 months

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

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We'd be betting on us.

I mean, Japan often invests in foreign assets, but sometimes in the Japanese market too.

So the BOJ buys stocks and Japanese companies and things like that.

And the topics have done well.

So even if we took out more debt than we have in order to buy shares in corporate America, that would, in every state of the world except the

long decline stagnation of America state, in every state of the world except that, it would make our debt burden less of a problem, right?

Just like if you have a bunch of debt, okay, and then you take out some more debt to buy stocks, and you're able to hold that for 20 years, right?

Then your personal financial position actually just improved.

You can't do this because of liquidity constraints.

The government doesn't have those liquidity constraints.

I'm curious to get your take on the controversy around data centers.

Some of the local harms of data centers that people tout are real.

For example, if you're very close to it, it's noisy.

It does draw power from the grid, and that can compete for power with local communities.

Some of the things people worry about are not real, like water.

Water usage, that's not a real thing.

data centers have a reservoir of water that they run to cool stuff and they lose extremely little water and they don't pollute any water.

So the water thing is made up.

The other harms that people tend to emphasize a little bit less are actually real.

If you don't want data center near your house, that's your right.

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