(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

Host Stephanie Flanders, Bloomberg’s head of government and economics, is joined by Anna Wong, chief US economist for Bloomberg Economics, and Bloomberg News senior Washington correspondent Saleha Mohsin to unpack the political backlash sparked by the Trump administration's criminal probe into Fed Chair Jerome Powell, including rare pushback from a few Republican lawmakers and Donald Trump’s own Treasury secretary. The discussion explores how the move, which Powell says is over monetary policy rather than building renovations, could backfire by hardening his resolve, complicating Trump’s plans to install a new Fed chair and his attempts to force interest rate cuts.

Host Stephanie Flanders, Bloomberg&rsquo;s head of government and economics, is joined by Anna Wong, chief US economist for Bloomberg Economics, and Bloomberg News senior Washington correspondent Saleha Mohsin to unpack the political backlash sparked by the Trump administration's criminal probe into Fed Chair Jerome Powell, including rare pushback from a few Republican lawmakers and Donald Trump&rsquo;s own Treasury secretary. The discussion explores how the move, which Powell says is over monetary policy rather than building renovations, could backfire by hardening his resolve, complicating Trump&rsquo;s plans to install a new Fed chair and his attempts to force interest rate cuts.

How the Powell Probe Could Blow Up Trump’s Fed Plans

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d733d9da-0269-41ac-9071-b3d201616b3e/transcript

This week, Stephanie Flanders examines the economic fallout of the US attack on Venezuela and Washington asserting effective control over the South American country. The discussion focuses on what this means for global oil markets, US economic power and the rules-based international order. Javier Blas, a columnist for Bloomberg Opinion and energy expert, and Bloomberg Economics analyst Chris Kennedy, who served as a member of Secretary of State Marco Rubio’s policy planning staff, explain how access to Venezuela’s vast oil reserves could give the US unprecedented leverage over energy prices and foreign policy. They also analyze how it increases geopolitical instability and may help, or hinder, Trump's domestic political goals.

This week, Stephanie Flanders examines the economic fallout of the US attack on Venezuela and Washington asserting effective control over the South American country. The discussion focuses on what this means for global oil markets, US economic power and the rules-based international order. Javier Blas, a columnist for Bloomberg Opinion and energy expert, and Bloomberg Economics analyst Chris Kennedy, who served as a member of Secretary of State Marco Rubio&rsquo;s policy planning staff, explain how access to Venezuela&rsquo;s vast oil reserves could give the US unprecedented leverage over energy prices and foreign policy. They also analyze how it increases geopolitical instability and may help, or hinder, Trump's domestic political goals.

What Trump's Venezuela Attack Means for the Global Economic Order

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fc009cc5-995a-4d05-bc64-b3cb00e9e6ce/transcript

Host Stephanie Flanders is joined by Bloomberg Economics Chief Economist Tom Orlik, Bloomberg Opinion columnist Parmy Olson and Bloomberg News US politics editor Mario Parker to look back at a chaotic 2025—marked by Donald Trump’s messy April tariff rollout and a presidency defined by seemingly deliberate uncertainty—and ask what it means for 2026.

Host Stephanie Flanders is joined by Bloomberg Economics Chief Economist Tom Orlik, Bloomberg&nbsp;Opinion columnist Parmy Olson and Bloomberg News US politics editor&nbsp;Mario Parker to look back at a chaotic 2025&mdash;marked by Donald Trump&rsquo;s messy April tariff rollout and a presidency defined by seemingly deliberate uncertainty&mdash;and ask what it means for 2026.

The Year Ahead: Tariffs, AI and Fed Independence

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/7b09fb1f-32ba-44f0-928f-b3bc016206f0/transcript

Episode 17: When Does it Make Sense to Cheat?

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