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Plain English with Derek Thompson

Econ Megapod: The Debt Ceiling Is Dumb, and the Inflation “Crisis” Might Be Over

Plain English with Derek Thompson

The Ringer

News Commentary, News

4.81.8K Ratings

🗓️ 3 February 2023

⏱️ 55 minutes

🧾️ Download transcript

Summary

We’ve got a double-barrelled podcast for you. Jeanna Smialek, economics reporter for the ‘New York Times,’ joins us to break down the debt-ceiling showdown that’s enveloping Washington. Plus, economist Jason Furman is back to rehash his debt-ceiling grievances from the Obama administration, then answer some deeper questions about the U.S. debt trajectory and the state of the economy today. But first: a new way to think about the debt ceiling and fears of the U.S. government running up the tab. If you have questions, observations, or ideas for future episodes, email us at [email protected]. You can find us on TikTok at www.tiktok.com/@plainenglish_Host: Derek Thompson Guests: Jeanna Smialek and Jason Furman Producer: Devon Manze Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey there, humanoids. This is David Chumaker here with a very exciting announcement.

0:06.0

Your favorite wrestling podcast feed, The Ring of Wrestling Show, is now going daily.

0:11.0

And you can hang out with me and Kaz on Mondays and Thursdays for the Masked Man Show.

0:15.0

And you can join me, Peter Rosenberg, alongside Stack Eye Greg and Dip every Tuesday with Cheap Eat.

0:21.0

And on Fridays, I'll welcome a friend or special guest from the world of wrestling.

0:25.0

Wednesdays, we have a very special new show called Wednesday Worldwide that you're going to want to check out.

0:31.0

Pay-per-view reaction, one of a kind interviews, fantasy booking, talking about bagels.

0:36.0

That's what we do here on The Ring of Wrestling Show.

0:38.0

Follow the show now on Spotify and do us a favor. It was five stars.

0:42.0

And do us another favor and stay-mage.

0:49.0

Today, we've got a double-barreled podcast for you.

0:53.0

We've seen a smileic of the New York Times will join us to break down the debt ceiling showdown that is enveloping Washington.

0:59.0

An economist, Jason Furman, is back to talk about his debt ceiling PTSD from the Obama administration

1:05.0

and to answer some deeper questions about the US debt trajectory and the state of the economy today.

1:13.0

But first, a new way to think about the debt ceiling and fears of the US government running up the tab.

1:21.0

So every December, I try to catch up on all the best-reviewed films of the previous year.

1:27.0

And that means I recently watched this movie, Banshees of In a Sharon, directed by Martin McDonough,

1:33.0

which is up for nine awards, including all the major ones.

1:35.0

Best picture, director, actor, supporting actor and actress, editing, screenplay.

1:40.0

The plot centers around two friends, one of whom decides he doesn't want to be friends anymore.

1:47.0

And this guy tells his friend, I decided I want to work on my music legacy rather than do idle chit chat with you for the rest of my life.

1:53.0

And if you keep trying to talk to me, I'll chop off my fingers.

...

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