# [Sam Harris](https://samharris.substack.com/)

## The Economics of Everything (Ep. 480)

A Conversation with Noah Smith

[Sam Harris](https://substack.com/@samharris)  
Jun 12, 2026  
∙ Paid

Sam Harris speaks with economist and Substack writer Noah Smith about the U.S. national debt, wealth inequality, and the economic consequences of AI. They discuss the mechanics of debt and inflation, the case for fiscal austerity, why the U.S. squandered low interest rates, modern monetary theory, how AI may restructure labor and ownership, the anti-billionaire politics of the American left, the degrowth movement and its failures, demographic decline and fertility trends, the role of smartphones in eroding democratic culture, and other topics.

**Noah Smith** is an economics blogger and former finance professor. He writes a Substack called Noahpinion.

Website: [http://noahpinion.blog](http://noahpinion.blog/)

## This post is for paid subscribers

### Making Sense Podcast

Join neuroscientist, philosopher, and five-time New York Times best-selling author Sam Harris as he explores important and controversial questions about the mind, society, current events, moral philosophy, religion, and rationality—with an overarching focus on how a growing understanding of ourselves and the world is changing our sense of how we should live.

Sam is also the creator of the Waking Up app. Combining Sam’s decades of mindfulness practice, profound wisdom from varied philosophical and contemplative traditions, and a commitment to a secular, scientific worldview, Waking Up is a resource for anyone interested in living a more examined, fulfilling life—and a new operating system for the mind.

Waking Up offers free subscriptions to anyone who can’t afford one, and donates a minimum of 10% of profits to the most effective charities around the world. To learn more, please go to WakingUp.com.

Sam Harris received a degree in philosophy from Stanford University and a Ph.D. in neuroscience from UCLA.

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