Bunker USA: America’s economy faces a Liz Truss moment

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.” Support us on Patreon: www.patreon.com/bunkercast 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 Learn more about your ad choices. Visit podcastchoices.com/adchoices