In this episode of the Econ 102 podcast, Noah Smith and Katherine Dee delve into a range of economic issues. Katherine shares her developing perspective on policing, advocating for more professional police forces and shorter prison sentences. They explore how age demographics influence national economies, particularly focusing on China's anticipated workforce surge, while also raising concerns about long-term implications. The discussion then transitions to purchasing power parity (PPP), currency crises, and the potential advantages and drawbacks of a weaker dollar for the US economy. Finally, they examine the intricacies of deflationary depressions compared to inflationary currency crises, all while shedding light on the current economic challenges facing China.
