Noah Smith is a former columnist for Bloomberg and is now a popular writer at his own Noahpinion Substack. Noah is also a returning guest to the podcast, and rejoins Macro Musings for a wide ranging discussion on some of the recent issues he's been covering on his Substack, including China, social change in the US, recent macro developments, and much more. Noah and David also discuss the façade of Xi Jinping's leadership, the elite overproduction hypothesis, how Fukuyama's *End of History* thesis can be applied today, and more. Transcript for the episode can be found here. Noah's Substack: Noahpinion Noah's Bloomberg archive Noah's Twitter: @Noahpinion David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here, and use the promo code NGDP for 10% off! Related Links: *The Elite Overproduction Hypothesis* by Noah Smith *Danger Zone: The Coming Conflict with China* by Hal Brands and Michael Beckley *Book Review: "Danger Zone"* by Noah Smith *Is China Heading Toward Another Tiananmen Square Moment?* by Lili Pike and Tom Nagorski

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“What did the council decide on item 42?” — answered with the speaker and the moment.