(Bloomberg) -- This year has been full of cheaters. From bad boy pharmaceutical executive Martin Shkreli to the Patriots' Tom Brady to Volkswagen, allegations and incidents of cheating have been front-page news fodder. But is there sometimes an economic case to be made for such duplicitous dealings? Robert Stonebraker, a professor at Winthrop University, joins Benchmark podcast hosts Aki Ito and Tori Stilwell to discuss how the decision to cheat is a rational one, and why it's becoming an easier one to make thanks to globalization.

(Bloomberg) -- This year has been full of cheaters. From bad boy pharmaceutical executive Martin Shkreli to the Patriots' Tom Brady to Volkswagen, allegations and incidents of cheating have been front-page news fodder. But is there sometimes an economic case to be made for such duplicitous dealings? Robert Stonebraker, a professor at Winthrop University, joins Benchmark podcast hosts Aki Ito and Tori Stilwell to discuss how the decision to cheat is a rational one, and why it's becoming an easier one to make thanks to globalization.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Tariffs, crypto, deregulation, tax cuts, protectionism, are just some of the things back on the table when Donald Trump returns to the Presidency. To help you plan for Trump's singular approach to economics, Bloomberg presents Trumponomics, a weekly podcast focused on the Trump administration's economic policies and plans. Editorial head of government and economics Stephanie Flanders will be joined each week by reporters in Washington D.C. and Wall Street to examine how Trump's policies are shaping the global economy and what on earth is going to happen next.

Who will win the trade war, and how? If the job market is so strong, why does your paycheck seem so meager? What will drive the economy of the future? Stephanomics, a podcast hosted by Bloomberg Economics head Stephanie Flanders, will take listeners on location each week to answer questions like these and bring the global economy to life.

Trumponomics

Episode 17: When Does it Make Sense to Cheat?

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cd37f0d9-b560-488d-bf21-ae2b002a156a/transcript

It’s now been one year since Donald Trump’s sweeping attempt at global tariffs, and the economic fallout has been more nuanced than either critics or supporters predicted. On this episode of the Trumponomics podcast, host Stephanie Flanders speaks with Anna Wong of Bloomberg Economics and Oren Cass of the conservative think tank American Compass about a US economy that, in many respects, has proven unexpectedly resilient. Growth hasn’t collapsed, inflation hasn’t spiked and the president’s April 2025 tariffs (most of which were struck down in February by the Supreme Court) generated substantial federal revenue. The debate now centers on whether it will make a difference when it comes to Trump’s stated goal: reviving US manufacturing.

It&rsquo;s now been one year since Donald Trump&rsquo;s sweeping attempt at global tariffs, and the economic fallout has been more nuanced than either critics or supporters predicted. On this episode of the Trumponomics podcast, host Stephanie Flanders speaks with Anna Wong of Bloomberg Economics and Oren Cass of the conservative think tank American Compass about a US economy that, in many respects, has proven unexpectedly resilient. Growth hasn&rsquo;t collapsed, inflation hasn&rsquo;t spiked and the president&rsquo;s April 2025 tariffs (most of which were struck down in February by the Supreme Court) generated substantial federal revenue.&nbsp;The debate now centers on whether it will make a difference when it comes to Trump&rsquo;s stated goal: reviving US manufacturing.

How Trump’s Tariffs Plus Iran War May Help US Manufacturing

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/cc252e52-d2af-4451-a7b8-b42d013210b5/transcript

On this episode of Trumponomics, host Stephanie Flanders examines how the US-Israel war with Iran has choked one of the world’s most vital shipping routes and tested the foundations of global trade. With traffic through the Strait of Hormuz severely constrained and hundreds of vessels backed up, the disruption is pushing up energy prices and raising fresh concerns about the reliability of supply chains. Bloomberg Global Trade Editor Brendan Murray and Africa and Middle East Correspondent Peter Martin join to unpack the economic fallout and geopolitical stakes.

On this episode of Trumponomics, host Stephanie Flanders examines how the US-Israel war with Iran has choked one of the world&rsquo;s most vital shipping routes and tested the foundations of global trade. With traffic through the Strait of Hormuz severely constrained and hundreds of vessels backed up, the disruption is pushing up energy prices and raising fresh concerns about the reliability of supply chains. Bloomberg&nbsp;Global Trade Editor Brendan Murray and Africa and Middle East Correspondent Peter Martin join to unpack the economic fallout and geopolitical stakes.

The Long-Term Global Economic Damage From the War With Iran

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/82ca19a8-f532-462e-91e9-b4260158f984/transcript

On this episode of Trumponomics, host Stephanie Flanders examines how the US-Israel war with Iran has presented China with two golden opportunities. The conflict provides Beijing with a chance to both widen its global diplomatic sway as the “adult in the room” and study the military tactics of its chief rival in real-time. Flanders is joined by Bloomberg's Fran Wang, who has spent almost two decades in China covering fiscal policy and economic planning, and Adam Farrar, Bloomberg Economics’ senior geoeconomics analyst for Asia-Pacific and a former adviser to US Vice President Kamala Harris, to unpack the geopolitical and economic implications of the crisis.

While the Iran war presents near-term risks to China’s economy, they say, the long-term benefits could be far reaching.

On this episode of Trumponomics, host Stephanie Flanders examines how the US-Israel war with Iran has presented China with two golden opportunities. The conflict provides Beijing with a chance to both widen its global diplomatic sway as the &ldquo;adult in the room&rdquo; and study the military tactics of its chief rival in real-time. Flanders is joined by Bloomberg's Fran Wang, who has spent almost two decades in China covering fiscal policy and economic planning, and Adam Farrar, Bloomberg Economics&rsquo; senior geoeconomics analyst for Asia-Pacific and a former adviser to US Vice President Kamala Harris, to unpack the geopolitical and economic implications of the crisis.
While the Iran war presents near-term risks to China&rsquo;s economy, they say, the long-term benefits could be far reaching.

How China Is Winning the War With Iran

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/538fc694-7606-468e-be89-b41f015f8565/transcript

Episode 17: When Does it Make Sense to Cheat?

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