Taking:

And feeding the audio to MacWhisper after which to Chat-GPT3 with this immediate:

The textual content under is the noisy textual content of a podcast dialogue between Noah Smith and Brad DeLong. Please clear the textual content up and summarize it, making it grammatical and specializing in the foremost concepts:

What’s going to it produce? Will it produce something helpful? It produces this:

On this podcast, Brad DeLong and Noah Smith… begin by discussing a quote[s] from Oscar Wilde and Kurt Cobain about individualit,y and the risks of wishing to be another person. They then shift the dialog to the subject of heroin, questioning how a plant may have such an intense impact on the human mind. They conclude that the refinement of opium by way of smoking and distillation is what makes it so potent, and that the evolution of those crops didn’t account for human refinement of the drug. Additionally they be aware… caffeine is an instance of one other widely-used substance that has mind-altering results. Brad and Noah [then] talk about the disturbing actuality of companies deliberately addicting individuals to medication like heroin with the intention to enhance income. They each categorical their disappointment and frustration with this unethical conduct and its devastating affect on people and society as a complete.

Brad then modifications the topic to the present state of the world. He asks Noah if he has any higher information to share. The 2 briefly talk about the subject of excellent information earlier than transferring on to the following matter, which is the continuing Chilly Battle between the US and China and the potential affect on world commerce. They be aware that the person surplus from the US-China commerce relationship continues to be vital… Additionally they acknowledge that this commerce relationship could also be disrupted, probably hurting corporations like Apple. They recommend that transferring China’s low-end manufacturing to locations like India and Vietnam could also be a great factor for the world. Additionally they talk about the potential for limiting exports of semiconductors to China, however be aware that this is probably not a web constructive. They then shift to discussing “key insights”, particularly the idea of “Hexapodia”.. They then talk about the “polycrisis”, a time period coined by Adam Tooze, which refers back to the interconnected problems with friend-shoring, decoupling, deglobalization, and different crises.

Lastly, they briefly contact on pronunciation and the challenges of appropriately announcing international phrases and names.

They [move on to] briefly talk about Hawaiian independence, noting that whereas it was way back, there is no such thing as a need for it among the many present inhabitants…. They recommend that territories ought to both be impartial or develop into states, with no in-between designation. They then shift to the subject[s] of friend-shoring, decoupling, and declobalization… an enormous ball of wax with vital implications for the worldwide financial system. They be aware that the long-standing perception that decreasing tariffs and rising commerce would scale back the probabilities of struggle has been profitable, however there are nonetheless challenges to be addressed within the present world economic system.

Noah Smith and Brad DeLong [next] focus is on the concept of commerce and the connection between america and China. They talk about how individuals develop into mates with these they commerce with, however provided that they suppose they’re buying and selling pretty. The Chinese language Communist Occasion believes that the commerce offers struck with the US gave them too little of the excess, whereas the US believes it gave away too many blue-collar jobs. The dialogue then turns to a current incident involving a Chinese language spy balloon, which many Individuals are claiming is an enormous deal, whereas others are puzzled by the response. The hosts recommend that Individuals usually get labored up over minor issues whereas ignoring extra essential points. Additionally they be aware that China has develop into a poisonous factor in American tradition, and that many individuals view China as an enemy. The hosts surprise if this sentiment is right here to remain for some time and be aware that the US didn’t do plenty of commerce with Russia after they had been thought-about an enemy….

DeLong [then] expresses gratitude for his laptop computer and iPhone, which had been assembled by individuals in China utilizing parts from Taiwan and Korea. He compares this to a gift-exchange, the place he feels he has acquired greater than he has given. Nevertheless, DeLong notes that the standard morality of reward trade doesn’t embody theft, which is what China has been accused of on the subject of mental property theft from the US. He acknowledges that there could also be arguments for a poorer nation to steal to catch up technologically, however it nonetheless constitutes theft. Smith notes that the US engaged in comparable theft of British mental property within the 1800s, resulting from not liking British mental property legal guidelines. Additionally they contact on the US-UK relationship, which began as a rivalry however shortly became an in depth friendship throughout World Battle I and II, with the US saving Britain’s bacon each instances. Additionally they point out that China was amongst these whose bacon was saved throughout World Battle II.

Noah Smith and Brad DeLong [then] talk about how the US has helped China previously, however China appears to have forgotten this help… throughout World Battle II and once more in 1969 when the Soviet Union threatened to launch a nuclear strike on China [and] the US made an alliance with Maoist China… which helped hasten the tip of the Chilly Battle and led to the switch of army expertise to China. DeLong acknowledges that the US had a detrimental impression of China after the Korean Battle, however tried to shepherd China into turning into a accountable new superpower. Nevertheless, China now appears to view the US as a foul enemy that it ought to be planning to defeat and overthrow. DeLong believes that China wouldn’t be the place it’s now with out help from the US, and that this help will probably be an essential asset in fixing world points sooner or later. He argues that advantage is commonly rewarded, even when it is not, and that the reminiscence of the US’s help to China will probably be essential in attaining a free and democratic society on a worldwide scale.

Noah Smith and Brad DeLong [next]… talk about the failure of the engagement method, and the potential for China escaping from the center earnings entice. Brad DeLong suggests {that a} extra comfy world for the US to reside in is one the place China doesn’t escape from the center earnings entice… [but that] could be worse for the world. Additionally they speak about the potential for China turning into a technological superpower and the way it will depend upon what occurs over the following two generations. They conclude by discussing the pronunciation of assorted phrases in numerous languages.

They each agree that China has structural incentives in opposition to turning into a really wealthy and affluent nation, together with its lack of political and financial freedoms. Additionally they talk about the potential for de-globalization…. They recommend {that a} future de-globalization may happen if there are speedy advances in robotics, resulting in extra manufacturing jobs within the US and different nations…. They be aware that commerce as a share of GDP has been lowering slowly since earlier than the monetary disaster, and whereas de-globalization is occurring, it’s not taking place quickly. Additionally they talk about the concept of “friend-shoring,” which isn’t the identical as de-globalization, however moderately a shift in globalization.

They warning in opposition to taking particular person human relationships as an analogy for relationships between nations, as nations don’t have any gratitude or reminiscence. They categorical pessimism in regards to the present period of rigidity between america and China and the potential for it to escalate into a brand new Chilly Battle…. It might take totally different management in each nations and time for the bitter social divisions in america to heal earlier than relations between the 2 nations can enhance.

General, the tone is pessimistic, however they finish with a lighthearted dialogue of hexapodia and the risks of ferns on six-wheeled scooters.

I choose this as significantly extra helpful than the voice-recognition transcript of the audio, a minimum of given the present state of voice-recognition expertise.

Does it get me materially nearer to truly having a reminiscence—to having the ability to floor the related and considerate issues from the inventory of what I’ve written and mentioned previously, and accomplish that when it’s helpful to me and my issues (or to others and their issues) within the current?

Maybe.

I can say that this makes me materially extra optimistic in regards to the prospects for locating this specific Holy Grail earlier than I die…

However what I merely don’t perceive is what retains Chat-GPT3 from hallucinating right here. In contrast, its hallucinations are outstanding after I ask it: What are the ten most-recent writings economist Brad DeLong is finest recognized for?

Brad DeLong, an economist and professor on the College of California, Berkeley, has authored quite a few publications on a variety of financial subjects. Listed below are ten current writings he’s recognized for:

1. “Productiveness and Potential Output Earlier than, Throughout, and After the Nice Recession” (2021): This paper analyzes the affect of the Nice Recession on productiveness and potential output in america.

2. “The Hunch and the Aftermath” (2020): This paper examines the causes and penalties of the 2008 monetary disaster and the following Nice Recession.

3. “Lengthy-Time period Harm from the Nice Recession in OECD International locations” (2019): This paper assesses the long-term results of the Nice Recession on labor productiveness and potential output in superior economies.

4. “Ought to-Learn: Understanding Earnings Inequality in america” (2019): This weblog submit discusses the causes and penalties of earnings inequality in america.

5. “The Productiveness Puzzle and Misallocation: An Italian Perspective” (2019): This paper explores the causes of the productiveness slowdown in Italy and the position of misallocation within the Italian economic system.

6. “Macroeconomic Coverage in a World of Second Greatest” (2018): This paper argues that policymakers ought to purpose for second-best options in macroeconomic coverage, moderately than pursuing unattainable first-best outcomes.

7. “The Political Financial system of Globalization in america” (2018): This paper examines the political and financial components driving globalization in america and its affect on earnings distribution.

8. “The Way forward for Work within the Age of Automation” (2017): This paper discusses the potential affect of automation on the way forward for work and employment.

9. “The Lengthy-Run Fiscal Trajectory of the US: From Optimism to Disaster to…?” (2017): This paper analyzes the long-run fiscal sustainability of america, given projected demographic and financial developments.

10. “The Scary Debate Over Secular Stagnation” (2015): This weblog submit discusses the idea of secular stagnation and the coverage implications of the concept that the economic system could also be caught in a interval of low development and low rates of interest.

All hallucinations aside from (10)—and ten shouldn’t be a weblog submit, however an article within the Milken Institute Evaluate.

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