Sunday, November 23, 2025
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Derek Thompson & Noah Smith | Why America Can’t Build, Abundance & Substack

​In this episode of Econ 102, we’re republishing a conversation between Noah Smith and Derek Thompson recorded live on Substack in June. They explore Derek’s shift from The Atlantic to Substack and unpack the “abundance agenda” — a vision for revitalizing American politics through better housing, energy, and innovation policy. Their wide-ranging conversation touches on economic reform, trendspotting, and the evolving media landscape.


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RECOMMENDED IN THIS EPISODE:
Derek Thompson: ⁠https://www.derekthompson.org/⁠
Abundance: ⁠https://www.amazon.com/Abundance-Progress-Takes-Ezra-Klein/dp/1668023482⁠
Paul Krugman: ⁠https://paulkrugman.substack.com/
Matt Yglesias: ⁠https://www.slowboring.com/⁠
Kyla Scanlan: ⁠https://kyla.substack.com/⁠
Noahpinion: https://www.noahpinion.blog/


TIMESTAMPS:
(00:00) Intro
(00:42) Derek Thompson’s move to Substack
(01:37) Reflecting on The Atlantic and writing
(05:16) Trend spotting and writing style
(12:26) The Abundance agenda
(17:55) Sponsors: Shopify | Netsuites
(21:07) Political discourse and analysis
(24:08) Housing policy and economic cycles
(27:11) Challenges in housing and inflation
(35:19) Critiques and future discussions
(36:03) Independent heroes and glory in battle
(36:24) Sponsor: Adquick
(37:20) Critique of abundance and degrowth
(41:42) Trump’s scarcity mindset
(43:52) Second critique of abundance
(49:29) Proposals for a new new deal
(59:06) Healthcare reform ideas
(01:07:34) Wrap ​Read More

Econ 102 with Noah Smith
Noah Smith is a former Bloomberg Opinion columnist. He was an assistant professor of finance at Stony Brook University, and he blogs at Noahpinion.
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