Odd Lots The Odd Lots Variety Show
Oct 7, 2019
Guest
Sam Antar
Guest
Lee Buchheit
Guest
Brad Setser
Guest
Stephanie Kelton
Guest
Kevin McGrath
Guest
Merle Hazard
Sam Antar, former CFO of Crazy Eddie and convicted fraudster, shares his humorous insights on white-collar crime and trust issues in finance. Lee Buchheit and Brad Setser discuss the complexities of sovereign debt crises, focusing on Argentina and Venezuela's struggles. Stephanie Kelton elaborates on Modern Monetary Theory, challenging traditional economic concepts. Meanwhile, country-singing economist Merle Hazard entertains with campy songs about economics, blending humor and insight to make finance more accessible. A lively mix of serious discussions and lighthearted performances keeps the audience engaged!
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Episode notes
The Temptation of Borrowing
- Governments are tempted to borrow excessively, often to the market's saturation point.
- Politicians prefer spending without raising taxes, making borrowing appealing, especially from international markets.
Century-Old Chinese Bonds
- Individuals are trying to get the Trump administration to pressure China into paying back century-old bonds.
- These bonds were purchased in antique shops and legally have no value due to statutes of limitations.
Greece's Debt Crisis
- Lee Buchheit's most tense career moment was Greece's 2010 debt crisis.
- A restructuring threatened Greece's Eurozone membership and posed a risk to European financial stability.
