Uploaded December 2022 | Updated September 2026, 3 weeks ago

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“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 talk through the spectacular rise and fall of crypto exchange FTX and its disgraced leader, Sam Bankman-Fried. We dive into how this collapse mirrors the worst failures of our more mainstream markets, how SBF was so easily able to use effective altruism as cover for garden variety political influence, and why it’s a mess that the Agriculture Committee ended up in charge of regulating exchanges like FTX. Plus, writers Henrik Blix and Jay Jurden stop by to discuss living in a golden age of grifts and teach Jon about the Liver King’s dirty secret.

Road map:
00:00 - Intro
00:49 - The Liver King with Jay Jurden and Henrik Blix
11:01 - Interview with David Dayen
47:43 - Interview breakdown with Jay Jurden and Henrik Blix
54:30 - One quick story before we go...

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