18 June 2013

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The Glenn Show

Glenn Loury (Brown University) and Larry Kotlikoff (Boston University)

Glenn and Larry discuss the LIBOR rate-fixing scandal. Larry gets into the details about how LIBOR works, lamenting a lack of transparency in the gigantic global financial derivatives market. Larry tells how his visit to the Goldman Sachs trading floor made him sick to his stomach. They use the Tylenol drug tampering crisis to explicate our banking woes. Larry explains why leverage plus opacity plus limited liability is a formula for perpetual financial crisis, and recommends creating a financial version of the FDA to certify the "health" of financial instruments. Glenn and Larry outline why banking is different than any other kind of business.

Recorded: Aug 9   Posted: Sep 4, 2012
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The Glenn Show | Sep 4, 2012 | Glenn Loury & Larry Kotlikoff

When pot is legal, what will happen to drug dealers?

Glenn Loury talks to Mark Kleiman, who is advising the state of Washington as it legalizes marijuana. Plus: Nip "Big Pot" in the bud.   Play entire video

Is Iran winning in Syria?

Matt Duss and Meir Javedanfar consider. Plus: A defeat for the Supreme Leader?   Play entire video

Face facts

Thalia Wheatley demonstrates an experiment designed to determine when people see evidence of a mind. Plus: Did music play a role in human evolution?   Play entire video

Who’s really responsible for debt?

Mark Blyth, author of the new book Austerity: The History of a Dangerous Idea, argues that ordinary citizens shouldn't pay the cost for debt incurred by the government. Plus: Taking austerity personally.   Play entire video

Uncle Bob wants YOU

In his first-ever "hangout" with Bloggingheads commenters, Robert Wright offers tips on helping the site prosper.   Play entire video

Did the financial crisis change Suze Orman?

Mike Konczal and Helaine Olen consider the personal finance guru. Plus: Why skipping Starbucks won't make you a millionaire.   Play entire video

Is Obama a hypocrite on civil liberties?

Bill Scher and Matt Lewis debate, with reference to Arnold Kling's e-book The Three Languages of Politics. Plus: A decade of surveillance, free from abuse?   Play entire video

Did Julian Assange betray WikiLeaks?

Robert Wright talks to Alex Gibney, director of the new documentary We Steal Secrets. Plus: Why Jeffrey Toobin is wrong about Edward Snowden.   Play entire video

The security state we deserve?

Joshua Foust and Hayes Brown discuss the NSA leaks and what Americans want. Plus: Is Edward Snowden a brave whistleblower?   Play entire video

Is there a US-Turkey partnership?

Matt Duss talks to Hugh Pope, who is in Turkey. Plus: Turkey’s crisis and Erdogan’s opportunity.   Play entire video