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The Weekly Show with Jon Stewart

The Irrational Economy with Richard Thaler

The Weekly Show with Jon Stewart

Comedy Central

Comedy, News Commentary, Politics, News

4.510.4K Ratings

🗓️ 4 February 2026

⏱️ 92 minutes

🧾️ Download transcript

Summary

With economic systems failing millions of Americans, Jon is joined by Nobel laureate and University of Chicago Professor Richard Thaler, one of the founding fathers of behavioral economics. Together, they explore why conventional economics fails to account for how people actually behave, discuss Thaler's approach to improving systems from within, and debate whether incremental improvements can meaningfully reform broken systems. Plus, Jon talks Nationalizing Voting, Suing Trump, and Bad Bunny vs. Kid Rock! This episode is brought to you by: MAGIC SPOON - Get $5 off your next order at https://magicspoon.com/tws SHARK NINJA ESPRESSO MAKER - Get $60 off the Ninja Luxe Cafe Premier Series with code STEWART exclusively on sharkninja.com while supplies last AVOCADO GREEN MATTRESS - Get 15% off mattresses at https://AvocadoGreenMattress.com/TWS FACTOR - Eat smart at https://FactorMeals.com/TWS50OFF and use code TWS50OFF to get 50% off your first box, plus Free Breakfast for 1 Year. QUINCE - Go to https://Quince.com/TWS for free shipping on your order and 365-day returns. Follow The Weekly Show with Jon Stewart on social media for more:  > YouTube: https://www.youtube.com/@weeklyshowpodcast > Instagram: https://www.instagram.com/weeklyshowpodcast> TikTok: https://tiktok.com/@weeklyshowpodcast  > X: https://x.com/weeklyshowpod   > BlueSky: https://bsky.app/profile/theweeklyshowpodcast.com Host/Executive Producer – Jon Stewart Executive Producer – James Dixon Executive Producer – Chris McShane Executive Producer – Caity Gray Lead Producer – Lauren Walker Producer – Brittany Mehmedovic  Producer – Gillian Spear Video Editor & Engineer – Rob Vitolo Audio Editor & Engineer – Nicole Boyce Music by Hansdle Hsu Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

Hey everybody. Welcome once again to the weekly show podcast with John Stewart. My name is John Stewart and we're going to be talking. You know, this has been, I feel like the news of the world has so matched the climate here in the northeast, which is dark and gray and

0:24.7

apocalyptic and this feeling that we are hurtling towards something just truly unimaginable

0:32.2

and inexplicable. And it's why today, I just don't even want to fucking deal with it right now i you know

0:38.3

in in all these different ways today's show is going to be uh slightly different where once again

0:43.2

every now and again we'd love to bring on uh experts uh people of such regard and and note uh to come

0:51.1

and play with me uh like uh let's say a person with a cat and like a little string toy,

0:58.2

me being, of course, the cat, those individuals being the person. And today we want to talk about,

1:04.6

you know, our ability as a country to fix the seemingly intractable systemic problems, more economic.

1:14.5

And who better to do that with than an economist?

1:16.8

And an economist that has in some ways changed the way that economists talk about the incentives

1:26.4

that go into our economy. He is a behavioral economist,

1:32.3

which is something I didn't even know that there was. But a brilliant thinker and another

1:39.4

in our continuing series of brilliant thinkers, we obviously had Jeffrey Hinton on who explained to me

1:45.4

in childlike terms what AI actually is, and I'm sure this guest will be no different. So I'm

1:52.1

excited to get to it. Let's jump in now. Richard Thaler. So ladies and gentlemen, in our ongoing efforts to entertain and educate, we once again are going to welcome somebody to the program who is so accomplished and smart that it'll be entertaining to watch him play with me like a monkey with a small grape.

2:22.0

That's right.

2:23.5

Our guest today, a professor from the University of Chicago, an American economist, the founding father, one of the founding fathers, a behavioral economics,

2:34.9

and awarded a Nobel Prize in Econ in 2017,

2:39.8

which I assume he will be giving to Donald Trump

2:42.5

because that's where everybody has to give their Nobel Prizes.

2:46.4

But please, Richard Thaler,

2:48.8

thank you for joining us today.

...

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