Bunker USA: America’s economy faces a Liz Truss moment
The Bunker – News without the nonsense
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Show Notes
As Republicans play chicken with the debt ceiling, could America suffer a Liz Truss-esque financial meltdown? Alex Andreou speaks to Neil Malhotra, a professor of political economy at Stanford Graduate School of Business, to discuss this financial showdown being played out by Congress.
- “Republicans see it as part of a game – this is an opportunity to extract concessions.”
- “It’s like Liz Truss’ financial plans, it’s hard to know what might happen.”
- “As you found in the UK – what happens first is that the markets anticipate everything.”
- “If you’re willing to let the country go down, you’re in a much stronger negotiating position than if you’re not. Republicans are in a stronger position because they’re viewed as though they’d tank the whole thing.”
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Presented by Alex Andreou. Music and Audio Production by Jade Bailey. Lead Producer: Jacob Jarvis. Group Editor: Andrew Harrison. THE BUNKER is a Podmasters Production
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