S6 Ep27: What's a "Rug Pull"? (with Ed Elson)
The Focus Group Podcast
The Bulwark
4.8 • 2.6K Ratings
🗓️ 7 March 2026
⏱️ 59 minutes
🧾️ Download transcript
Summary
Rachel Janfaza sits in for Sarah on this week’s Focus Group to take a look at Gen Z’s personal finances, from their long-term outlooks to their day-to-day habits…especially their investments in crypto and how they’re engaging with sports betting and prediction markets. Ed Elson, co-host of Prof G Markets, joins Rachel.
Pre-order Sarah’s book, How to Eat an Elephant, coming in September!
Show notes:
Rachel in The Up and Up: How Gen Z spends, saves, and invests
Rachel in The Up and Up: The Kalshi election
Ed’s interview with Kalshi founder Tarek Mansour
Transcript
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| 0:00.0 | Hey guys, Sarah Longwell here, publisher of the bulwark. And this week, I'm not doing the episode. |
| 0:07.6 | I actually went down for the count with a little sickness so we couldn't get the Focus Group podcast done in our usual window. |
| 0:14.1 | So we're bringing you the first guest hosted Focus Group pod. |
| 0:18.8 | Rachel Jan Faza, the newest Bullwark contributor, has a great conversation with Ed |
| 0:23.3 | Elson, who you may know as Scott Galloway's Zumer Sidekick. |
| 0:28.6 | They have a great conversation about kids these days and their financial habits, |
| 0:32.8 | including on things like crypto and sports betting. |
| 0:36.1 | I like to think that Rachel is now my you know, my Zoomer sidekick, |
| 0:41.1 | and she's here to teach me all about the Youngs, |
| 0:44.6 | and she has done a focus group, and I'm super pumped for her to make her full debut |
| 0:49.3 | because she is going to be my understudy, my deputy as we go through this year. So when I'm off |
| 0:56.9 | traveling or something, you can expect to hear from her. So make sure you give her a listen. |
| 1:01.6 | And also, if you haven't already, please, please go pre-order my book, How to Eat an Elephant, |
| 1:07.2 | one voter at a time. It is coming out in September, but it is available for pre-order |
| 1:12.6 | right now wherever you get your books. If you listen to the Focus Group podcast, there's pretty |
| 1:18.5 | much no one in the world better suited for this book than you. It's about the focus groups. |
| 1:23.3 | It's about my life. It's about why I started listening to voters in the first place. It's about |
| 1:27.4 | my political journey. It's about building the bul It's about why I started listening to voters in the first place. It's about my political journey. |
| 1:28.8 | It's about building the bulwark. |
| 1:30.6 | But mainly, mainly, it's about the voters. |
| 1:33.8 | And what I've learned after listening to eight years of voters across the political spectrum |
| 1:40.3 | and how it makes me think both about communications, about persuasion, and about |
... |
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