Prediction Markets and the War and Other Economic News
The Brian Lehrer Show
WNYC
4.6 • 1.5K Ratings
🗓️ 11 March 2026
⏱️ 45 minutes
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| 0:00.0 | It's the Brian Laris Show on WNYC. Good morning, everyone. I want to play maybe the most interesting |
| 0:18.0 | soundbite from the Trump administration about the war since yesterday's |
| 0:22.2 | show. President Trump said the other day that the war will end when Iran unconditionally surrenders. |
| 0:28.9 | Did you hear that one? Unconditionally surrenders. But it doesn't seem to be mounting a ground campaign |
| 0:34.4 | or anything like that to actually get the Iranian government to unconditionally |
| 0:39.5 | surrender to the United States, like, say, Germany surrendered at the end of World War II |
| 0:44.8 | or the British and the Revolutionary War. So, press secretary Caroline Levitt, was in the awkward |
| 0:49.4 | position yesterday of having to kind of redefine unconditional surrender for 2026. Listen. Ultimately, the |
| 0:59.2 | operations will end when the commander-in-chief determines the military objectives have been met, |
| 1:04.1 | fully realized, and that Iran is in a position of complete an unconditional surrender, whether they |
| 1:10.0 | say it or not. Does the President still want Iran's unconditional surrender? |
| 1:14.6 | Well, when President Trump says that Iran is in a place of unconditional surrender, he's not |
| 1:20.6 | claiming the Iranian regime is going to come out and say that themselves. |
| 1:24.6 | What the President means is that Iran's threats will no longer be backed by a ballistic missile arsenal |
| 1:30.3 | that protects them from building a nuclear bomb in their country. I could make an empty threat, but if I have no actions to back it up, then it's an empty threat. |
| 1:39.3 | And so President Trump will determine when Iran is in a place of unconditional surrender, when they no longer |
| 1:45.4 | pose a credible and direct threat to the United States of America and our allies. |
| 1:49.3 | So unconditional surrender now apparently means weak in Iran's military, not to give up power |
| 1:55.2 | completely as the dictionary definition would have it. |
| 1:58.4 | Merriam Webster take note the president might invade you unless you |
| 2:02.4 | redefine as ordered. John Cassidy is with us, New Yorker staff writer, an author of books |
| 2:08.4 | including how markets fail, the logic of economic calamities and capitalism and its critics, |
... |
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