Dylan, German, and Dara discuss the debt ceiling: the current crisis, what the debt ceiling even is, and how the debt ceiling has become a politically polarized issue. They also talk about why the debt ceiling is bad for democracy. Plus, a white paper about Canadian bread cartels.
Resources:
The Bipartisan Policy Center’s estimate of when we’ll hit the debt ceiling
Congressional Research Service’s history of the debt ceiling
Janet Yellen on the costs of breaching the debt ceiling
Neil Buchanan and Michael Dorf on why breaching the debt ceiling is the “least illegal” option
The trillion dollar coin (and the Obama rejection of it) explained
Steven Schwarcz on using special investment tools to evade the debt ceiling
Matt Yglesias on the “Honduras scenario” for American democracy failing
"Hub and Spoke Cartels: Theory and Evidence from the Grocery Industry" by Robert Clark, Ignatius Horstmann, Jean-François Houde
Netflix documentary on the Canadian maple syrup cartel
Hosts:
Dylan Matthews (@dylanmatt), Senior Correspondent, Vox
German Lopez (@germanrlopez), Senior Correspondent, Vox
Dara Lind (@DLind), Immigration Reporter, ProPublica
Credits:
Sofi LaLonde, Producer & Engineer
Libby Nelson, Editor
Amber Hall, Deputy Editorial Director of Talk Podcasts
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The debt ceiling’s threat to America | Explain It to Me podcast - Listen or read transcript on Metacast
