
America’s Credit Rating Went Down. So What?
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The Economics of Touring for Musicians
People care less about the US sovereign credit rating than they do about other credit ratings because it doesn't really ultimately determine whether they get paid back on their treasury bonds. And ultimately, even if there was a default, that would end up getting fixed in one way or another. We should have another segment on Taylor Swift. Ventification is what our producer has called this segment or the economics of touring for musicians. This episode is brought to you by Bank of America.
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