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Planet Money podcast

Planet Money

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  NPR  

Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the economy – understand the world.Wanna go deeper? Subscribe to Planet Money+ and get sponsor-free episodes of Planet Money, The Indicator, and Planet Money Summer School. Plus access to bonus content. It's a new way to support the show you love. Learn more at plus.npr.org/planetmoney.

Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the economy – understand the world.Wanna go deeper? Subscribe to Planet Money+ and get sponsor-free episodes of Planet Money, The Indicator, and Planet Money Summer School. Plus access to bonus content. It's a new way to support the show you love. Learn more at plus.npr.org/planetmoney.

 

#355

Baby's first market failure

Anyone who has tried shopping for day care knows that it is tough out there.For one, it is hard even to get your hands on information about costs, either online or over the phone – day cares will often only share their prices after you have taken a tour of their facilities. Even once you find a place you like, many day cares have waitlists stretching 6 months, 9 months, a year.Waitlists are a classic economic sign that something isn't right, that prices are too low. But ask any parent and they will tell you that prices for day cares are actually too high. According to a recent report from the U.S. Treasury, more than 60% of families can't afford the full cost of high quality day care. Meanwhile, day care owners can barely afford to stay open. No one is happy.On today's show, we get into the very weird, very broken market for day care. We will try to understand how this market can simultaneously strain parents' budgets and underpay its workers. And we will look at a few possible solutions.This show was produced by Sam Yellowhorse Kesler. Emma Peaslee helped book the show. It was mastered by Gilly Moon. Keith Romer edited this episode. Jess Jiang is our acting Executive Producer. Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in [Apple Podcast] (http://n.pr/PM-digital) s or at [plus.npr.org/planetmoney] (https://n.pr/3HlREPz) . ... Read more

20 hrs Ago

23 MINS

23:14

20 hrs Ago


#354

Groundhog Day 2023

It's Groundhog Day, and once again, the eyes of the nation have turned to a small town in Western Pennsylvania. Every February 2nd, the only story anyone can talk about is whether or not Punxsutawney Phil will see his own shadow. If he does: six more weeks of winter. If he doesn't: spring is on its way.This year, in a cruel twist of fate reminiscent of the 1993 movie Groundhog Day, two Planet Money hosts have found themselves facing a curse. They'll be trapped in this never-ending groundhog news cycle until they can find a new February 2nd story to tell...something that has nothing to do with one furry prognosticator... something that changed the economy forever.So rise and shine campers, and don't forget your booties as we journey through a series of Groundhog Days past to try to find a historical scoop.This show was produced by Dave Blanchard and edited by Sally Helm. It was engineered by Robert Rodriguez and Gilly Moon and fact-checked by Sierra Juarez. Planet Money's acting executive producer is Jess Jiang.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

01 Feb 2023

24 MINS

24:02

01 Feb 2023


#353

To all the econ papers I've loved before

A great economics paper does two things. It takes on a big question, and it finds a smart way to answer that question.But some papers go even further. The very best papers have the power to change lives.That was the case for three economists we spoke to: Nancy Qian, Belinda Archibong, and Kyle Greenberg.They all stumbled on important economics papers at crucial moments in their careers, and those papers gave them a new way to see the world. On today's show - how economics papers on the Pentecostal church in Ghana, the Vietnam war draft, and the price of butter in Sweden shaped the courses of three lives.This episode was produced by Sam Yellowhorse Kesler. It was edited by Keith Romer. Sierra Juarez checked the facts, and it was mastered by Natasha Branch with help from Gilly Moon. Jess Jiang is our acting executive producer.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

27 Jan 2023

24 MINS

24:29

27 Jan 2023


#352

The story of "Monopoly" and American capitalism

Monopoly is one of the best-selling board games in history. The game's staying power may in part be because of strong American lore — the idea that anyone, with just a little bit of cash, can rise from rags to riches. Mary Pilon, author of [The Monopolists: Obsession, Fury, and the Scandal Behind the World's Favorite Board Game] (https://www.bloomsbury.com/us/monopolists-9781620405710/) .But there's another origin story – a very different one that promotes a very different image of capitalism. (And with two sets of starkly different [rules] (https://landlordsgame.info/games/lg-1906/lg-1906_egc-rules.html) .) That story shows how a critique of capitalism grew from a seed of an idea in a rebellious young woman's mind into a game legendary for its celebration of wealth at all costs. This episode was made in collaboration with NPR's [Throughline] (https://www.npr.org/podcasts/510333/throughline) . For more about the origin story of Monopoly, listen to their original episode [Do Not Pass Go] (https://www.npr.org/2022/06/29/1108728257/do-not-pass-go) . This episode was produced by Emma Peaslee, mastered by Natasha Branch, and edited by Jess Jiang. The Throughline episode was produced by Rund Abdelfatah, Ramtin Arablouei, Lawrence Wu, Laine Kaplan-Levenson, Julie Caine, Victor Yvellez, Anya Steinberg, Yolanda Sangweni, Casey Miner, Cristina Kim, Devin Katayama, and Amiri Tulloch. It was fact-checked by Kevin Volkl and mixed by Josh Newell.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

26 Jan 2023

22 MINS

22:25

26 Jan 2023


#351

Charles Ponzi's scheme

Some of history's biggest financial scams owe their name to Charles Ponzi. Here's the story of the man behind the eponymous scheme.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney ... Read more

21 Jan 2023

22 MINS

22:53

21 Jan 2023


#350

Big Rigged (Classic)

Driving a truck used to mean freedom. Now it means a mountain of debt.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

18 Jan 2023

24 MINS

24:07

18 Jan 2023


#349

Two Indicators: The 2% inflation target

If the Fed had a mantra to go along with its mandate, it might well be "two percent." We look into how that became the target inflation rate, why some economists are calling for a change and how the inflation rate becomes unanchored.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

13 Jan 2023

18 MINS

18:21

13 Jan 2023


#348

Planet Money Movie Club: It's a Wonderful Life

Welcome to the Planet Money Movie Club, a regular series from Planet Money+ in which we watch an economics-related movie and discuss! On today's episode, Kenny Malone, Wailin Wong, and Willa Rubin talk about Frank Capra's 1946 classic 'It's A Wonderful Life.' They discuss CPI adjustments, how a copyright lapse helped make the film more popular, and what exactly a 'Building and Loan' is.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

11 Jan 2023

23 MINS

23:15

11 Jan 2023


#347

The economics lessons in kids' books

All sorts of lessons (even about economics) can be learned from kids' books. On today's show, we visit an elementary school to try to teach third graders econ using some beloved childrens' classics. And, along the way, we learn a few things ourselves.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

06 Jan 2023

29 MINS

29:03

06 Jan 2023


#346

The Rest of the Story, 2022

It's that time of year again! Our annual year-end tradition of checking in on previous stories to hear what happened after the microphones stopped running.We'll hear from a CEO who was trying to get her company out of Russia amidst the war in Ukraine, check in with an organizer who was trying to turn his community into a city, follow-up on our experiment in polling, and get the latest from our record label — Planet Money Records. Plus, we learn of a romance sparked by a podcast episode!Check out the original stories: [Eagles vs. Chickens] (https://www.npr.org/sections/money/2017/02/03/513302816/episode-752-eagles-vs-chickens) [Escape from Russia] (https://www.npr.org/2022/03/16/1087009893/escape-from-russia) [A tale of two cityhoods] (https://www.npr.org/2022/07/08/1110634395/a-tale-of-two-cityhoods) [Planet Money tries election polling] (https://www.npr.org/2022/11/04/1134434712/planet-money-tries-election-polling) [The $100 million deli] (https://www.npr.org/2021/04/21/989625586/the-100-million-deli) [Planet Money Records Vol. 1: Earnest Jackson] (https://www.npr.org/2022/10/25/1131313436/planet-money-records-earnest-jackson-inflation-song) [Planet Money Records Vol. 2: The Negotiation] (https://www.npr.org/2022/10/28/1132355122/planet-money-records-the-negotiation-inflation-earnest-jackson-music-label) Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) . ... Read more

31 Dec 2022

24 MINS

24:25

31 Dec 2022


#345

Which economic indicator defined 2022?

2022 was a year of big economic changes. But what economic story most defined the year? Our hosts from Planet Money and The Indicator battle it out over what should be crowned the indicator of the year. Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

28 Dec 2022

10 MINS

10:34

28 Dec 2022


#344

In defense of gift giving

Cold economic reasoning says, supposedly, that [gifts are inefficient transfers of wealth] (https://www.amherst.edu/media/view/104699/original/christmas.pdf) . But Planet Money host Jeff Guo believes in the economic virtues of gift giving. On today's show, Jeff tries to win over Planet Money's resident Scrooge, Kenny Malone, by going on a quest to find him the perfect gift. Along the way, they're visited by the spirits of three Nobel prize-winning economic theories that can explain why gift-giving is actually good. And by the end, Kenny's heart may just grow three sizes larger. Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

24 Dec 2022

21 MINS

21:38

24 Dec 2022


#343

Two Indicators: The fight over ESG investing

"ESG" investing – Environmental, Social, Governance – has attracted a lot of attention from investors, and from Republican politicians who call it "woke investing." On today's show, what the fight over ESG reveals about the potential and limitations of sustainable investing.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

21 Dec 2022

22 MINS

22:07

21 Dec 2022


#342

The sports ticket price enigma

Inflation is making prices go up, except not for...sports tickets? So, we set out on a daylong sporting event marathon to learn why.Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) . ... Read more

16 Dec 2022

28 MINS

28:32

16 Dec 2022


#341

Spam call bounty hunter

Telemarketing calls are not only annoying; in some cases, they are illegal. Congress even gives you the right to sue scofflaw telemarketers for $500 a call. Today, the story of one man who collected a surprising amount of money bringing telemarketers to justice. Subscribe to Planet Money+ in [Apple Podcasts] (https://podcasts.apple.com/podcast/290783428) or at [plus.npr.org/planetmoney] (http://plus.npr.org/planetmoney) ... Read more

14 Dec 2022

26 MINS

26:34

14 Dec 2022