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Slate Money

The Debt Ceiling is Dumb

Slate Money

Slate Podcasts

Business, Investing

4.11.1K Ratings

🗓️ 20 May 2023

⏱️ 50 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.

 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0

Hello! Welcome to the You Can Never Have Too Many Bananas episode of Slate Money.

0:18.6

Your guys did a business and finance news of the week.

0:21.2

I'm Felix Hammond of Axios. I have a British accent. We will talk

0:25.1

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

0:30.0

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

0:35.2

accent from Emily? Let's just say New York. We'll just say New York. And Elizabeth

0:40.5

Spires, if you listen to State Plus, you will hear her, desperately trying to do an English

0:45.4

patent, it's kind of glorious.

0:47.3

You claim that your accent is mostly Southern still?

0:49.7

No, I think it's mostly nowhere person now, but it's got a little southern inflection.

0:55.7

So Elizabeth is going to explain to us all of the politics behind the debt ceiling and why it's

0:59.8

so stupid and why it exists and why it hasn't been abolished. We are going to talk about

1:04.8

regulation of tech in general and of AI in particular and whether it's a good idea

1:10.5

and why at least one AI CEO seems to want it. We are going to talk about greed

1:16.2

inflation, the idea that inflation is caused by companies raising their profit margins and their prices

1:21.8

and just trying to make more money for their shareholders.

1:25.0

It's all coming up on slate money.

1:29.0

This episode is brought to you by Revolute.

1:32.0

Revolute is your perfect travel companion for all things money.

1:35.0

You can spend in over 150 currencies with great exchange rates

1:40.0

and withdraw from ATMs all over the world

1:42.0

with no charges from Revolute within your plan allowance.

...

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