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Slate News

Slate Money: The Debt Ceiling is Dumb

Slate News

Slate Podcasts

News, News Commentary, Politics

4.66K Ratings

🗓️ 20 May 2023

⏱️ 51 minutes

🧾️ Download transcript

Summary

This week, Felix Salmon, Emily Peck, and Elizabeth Spiers discuss this big debate over the debt ceiling and why it’s so dumb, Sam Altman’s request for AI regulation, and the theory of “greedflation”. In the Plus segment: British accents! Podcast production by Jessamine Molli and Patrick Fort. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome to the you could never have too many bananas episode of

0:17.0

Slate Money. Your guys are the business and finance news of the week. I'm Felix

0:21.6

Hammond of Axios. I have a British accent. We will talk about that in

0:25.9

Slate Plus. I'm here with Emily Peck of Axios who does not have a British

0:30.2

accent. Hello and I say bananas. You say bananas and where's your accent from

0:36.0

Emily? Let's just say New York. We'll just say New York. And Elizabeth Spires,

0:40.8

if you listen to Slate Bus you will hear her desperately trying to do an English

0:45.5

accent. It's kind of glorious. You claim that your accent is mostly Southern

0:49.2

still? No, I think it's mostly nowhere person now but it's got a little

0:54.2

Southern inflection. So Elizabeth is going to explain to us all of the

0:58.0

politics behind the debt ceiling and why it's so stupid and why it exists and

1:01.3

why it hasn't been abolished. We are going to talk about regulation of tech in

1:07.2

general and of AI in particular and whether it's a good idea and why at least one

1:12.2

AI CEO seems to want it. We are going to talk about greed flation. The idea

1:17.1

that inflation is caused by companies raising their profit margins and their

1:21.5

prices and just trying to make more money for their shareholders. It's all

1:25.8

coming up on Slate Money. Crypto doesn't sleep so neither do we. Crack-in client

1:33.8

support is available 24-7 365 days a year by call, chat or email. We're here for

1:40.9

you whenever you need us. Give us a shout at crackin.com forward slash support

1:45.8

proof. Not investment advice. Crypto trading involves risk of loss.

1:51.5

Childhood should be fun. Don't let bed wetting spoil that. Dry nights give

1:59.8

maximum protection so kids can go to bed we're free. Have a dry night sleep and

...

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