The House of Stewart
Today we have another podcast with Jon Stewart that's a companion to his new series The Problem with Jon Stewart on Apple TV+, though usually they are standalone episodes on different topics. This week it’s, “Why the FTX Crypto Scam Is a Tale As Old As Time.” As their website describes the podcast --“Whatever fun name you wanna put on it, it’s the same damn thing we’ve seen over and over again.” David Dayen, executive editor of The American Prospect, joins us to discuss the spectacular rise and fall of crypto exchange FTX and its disgraced leader, Sam Bankman-Fried. We dive into the ways its collapse mirrors the worst failures of more mainstream markets, how SBF was able to use effective altruism as cover for garden-variety political influence, and why it’s a mess that the House Agriculture Committee ended up regulating exchanges like FTX. Plus, writers Henrik Blix and Jay Jurden stop by to talk about living in a golden age of grifts and teach Jon about the Liver King’s dirty secret.
Happily, though a podcast, the show now seems to be posting an audio Zoom version of the episode, so that's what we'll go with. And you can watch it here.
Comments