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Why tariffs haven't raised inflation much (yet)
Three possible explanations.
 • 
Noah Smith
39
Free-market economics is working surprisingly well
Which economic approach works depends a lot on where you start from.
 • 
Noah Smith
160
At least five interesting things: It Isn't That Bad edition (#66)
U.S. wage growth; fertility and sexism; construction costs and house prices; the next financial crisis; macroeconomics vs. microeconomics;
 • 
Noah Smith
148
How to take our country back
The America you grew up in is under attack from technologies that we ourselves invented.
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Noah Smith
144
The Elite Overproduction Hypothesis
A repost from the Noahpinion archives, with a few updates.
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Noah Smith
61
We can't afford to keep cutting taxes for the rich
Trump's "Big Beautiful Bill" is an advanced stage of a disease that took hold long ago.
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Noah Smith
201
Jewish Americans are feeling unsettled
Increasingly squeezed between the new leftism and the new rightism.
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Noah Smith
240

June 2025

Would you rather have cheap energy, or stupid culture wars?
Trump's "Big Beautiful Bill" is an attack on American energy production.
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Noah Smith
120
The dawn of the posthuman age
Between new technology and low fertility, our existence as a species is not going to be the same.
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Noah Smith
140
A chat with Derek Thompson
One of my favorite writers has joined Substack! Let's see what he has to say.
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Noah Smith
 and 
Derek Thompson
15
1:03:38
Zohran Mamdani's policies will (mostly) not bring abundance to NYC
Progressive ideas still try to defy economic realities.
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Noah Smith
113
The economic consequences of a war with Iran
I wouldn't be too worried.
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Noah Smith
74
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