S6 Ep. 34: Rising from the Ashes: Felix Salmon on the Debt Ceiling Crisis and the Surprising Resilience of the COVID Economy

Financial correspondent and podcast host Felix Salmon joins co-hosts V.V. Ganeshananthan and Whitney Terrell to discuss the debt ceiling crisis and his new book The Phoenix Economy: Work, Life, and Money in the New Not Normal. Salmon unpacks the political and financial ramifications of our current debt ceiling crisis—and compares the present impasse to prior debt ceiling fights. He also discusses the underappreciated and unexpected economic effects of the COVID pandemic, including an increase in the financial health of lower income Americans and a redistribution of population away from major cities. Salmon reads from The Phoenix Economy, and explains how the pandemic will continue to change our economic lives.

To hear the full episode, subscribe through iTunes, Google Play, Stitcher, Spotify, or your favorite podcast app (include the forward slashes when searching). You can also listen by streaming from the player below. Check out video versions of our interviews on the Fiction/Non/Fiction Instagram account, the Fiction/Non/Fiction YouTube Channel, and our show website: https://www.fnfpodcast.net/

This episode of the podcast was produced by Anne Kniggendorf.

Felix Salmon

• The Phoenix Economy: Work, Life, and Money in the New Not Normal
• Slate Money podcast

Others:

• “A Brief History of Debt Ceiling Crises” by Raymond Scheppach

Learn more about your ad choices. Visit megaphone.fm/adchoices