3 chapters across the catalog
Debt Ceiling Negotiations, Game Theory Tactics
As the U.S. approaches a potential debt default, media reports are focusing on the "human cost" to Social Security recipients and federal employees. Analysts suggest that "game theory" dictates that an agreement will not be reached until the final seconds to maximize political leverage. The hosts dismiss the alarmism as a recurring "horse manure" tactic used by both parties.
Larry Summers compares the potential of a Greek exit from the Eurozone to the collapse of Lehman Brothers, warning of unforeseen "catastrophic" consequences. He argues that while it might not be a grand financial disaster, it would be a serious security event. The hosts discuss the role of game theory in the negotiations and predict the "can will be kicked down the road" indefinitely.
Yanis Varoufakis, Greece Finance Minister, Game Theory
The hosts profile the new Greek Finance Minister, Yanis Varoufakis, noting his extensive Western education and his former role as an economist-in-residence for the Valve Corporation. They describe him as a "libertarian Marxist" and mock his "Dr. Doom" appearance.
