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The Prof G Pod with Scott Galloway

No Mercy / No Malice: United States of Debt

19 Apr 2025

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As read by George Hahn. https://www.profgalloway.com/united-states-of-debt/ Learn more about your ad choices. Visit podcastchoices.com/adchoices

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1.61 - 18.697 Host

If you think talking about finances in general is hard, try talking to your parents about money. What you don't want to do is like, do you have any money? What's going on? You don't want to come at them in a more adversarial way. Or as I said, you don't want to come out like you're now the parent.

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19.418 - 30.209 Host

What to do about the ups and downs of your 401k. If you or someone you care about plans to retire soon. That's on the next Explain It To Me. New episodes every Sunday morning.

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34.181 - 54.911 Host

Hey, Cam Hayward here for the Pittsburgh Steelers. This week's episode of Not Just Football, we're live from Green Bay for the NFL Draft. And we're talking with 2024 Walter Payton NFL Man of the Year, Eric Armstead, two-time Super Bowl champion and former offensive tackle for the Pittsburgh Steelers, Max Starks, and NFL Network and CBS NFL Game Analyst, Charles Davis.

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55.051 - 69.24 Host

We're diving into our draft day experiences. with Eric and Max, and answering your fan questions and getting Charles to share his best go-to phrases for Madden. This episode is now available wherever you get your podcasts and on YouTube. That's Not Just Football with Cam Hayward.

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71.901 - 84.99 Host

I'm Scott Galloway, and this is No Mercy, No Malice. Last week, we saw the tariff war jump the lab and become a capital war. United States of Debt, as read by George Hahn.

98.086 - 138.646 Host

James Carville America is blinking. The day after April Fool's Day, President Trump liberated the United States from an eight-decade run as the world's economic superpower, raising the cost of capital for the federal government, American companies and consumers. If this sounds like stupidity, i.e. hurting others while also hurting yourself, trust your instincts. But don't. Trust America.

139.667 - 160.549 Host

A blackout drunk is behind the wheel of the U.S. economy. All around us, horns—bear markets, consumer confidence plummeting to historic lows—are blaring. In the backseat is a cultist, the GOP, who thinks the red lights Trump has blown through and the accidents in his wake are baller moves.

161.509 - 186.881 Host

Also in the backseat, a sulking teen, the Democrats, who's visibly upset but can't articulate what they want or suggest a better route. Riding shotgun, though, is an adult the driver can't ignore. The bond market. First-year economics students are taught that money evolved to make early barter systems practical.

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In his book, Debt, The First 5,000 Years, anthropologist David Graeber argues that the barter story was likely a fiction created by Adam Smith. Graeber believes the earliest coins were actually tokens used to keep track of debt. Quote, Debt is both a financial instrument and a social construct that binds people, firms, and nations to one another and links together the past, present, and future.

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