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Last month, Japan's central bank raised interest rates for the first time in 17 years. That is a really big deal, because it means that one of the spookiest stories in modern economics might finally have an ending. Back
In 2019, Mike Ketchmark got a call. Mike is a lawyer in Kansas City, Missouri, and his friend, Brandon Boulware, another lawyer, was calling about a case he wanted Mike to get involved with. Mike was an unusual choice -
There's been a lot of disagreement in Congress and in the country about whether the U.S. should continue to financially support the wars in Ukraine and Gaza. Some taxpayers don't think the U.S. should give Ukraine any mo
(Note: This episode originally ran in 2020 .) In the restaurant game, you need to make the most of every table every minute you are open. And you need to make sure your guests are happy, comfortable, and want to come bac
It is rare that a new e-commerce company has such a meteoric rise as Temu. The company, which launched in the fall of 2022, has been flooding the American advertising market, buying much of the inventory of Facebook, Sna
Steel manufacturing was at one point the most important industry in the United States. It was one of the biggest employers, a driver of economic growth, and it shaped our national security. Cars, weapons, skyscrapers...
When you buy a bottle of rum in the United States, by law nearly all the federal taxes on that rum must be sent to Puerto Rico and the U.S. Virgin Islands. It's an unusual system that Congress designed decades ago to hel
The wind power business is a bit contradictory right now. It's showing signs of boom and bust seemingly all at once. The story of wind energy markets in two acts today. First, the Gulf of Mexico saw its first-ever auctio
When you sit down to watch the Oscars, what you are really watching is the final battle in a months-long war of financial engineering and campaign strategy. Because in Hollywood, every year is an election year. A small a
Dynamic pricing is an increasingly common phenomenon: You can see it when Uber prices surge during rainy weather , or when you're booking a flight at the last minute or buying tickets to your favorite superstar's concert
It is so expensive to have a kid in the United States. The U.S. is one of just a handful of countries worldwide with no federal paid parental leave; it offers functionally no public childcare (and private childcare is wi
Fundraising is a staple of the school experience in the U.S. There's an assembly showing off all the prizes kids can win by selling enough wrapping paper or chocolate to their neighbors. But it's pretty weird, right? Why
Réka Juhász is a professor of economics at the University of British Columbia, and she studies what's known as industrial policy. That's the general term for whenever the government tries to promote specific sectors of t
The Department of Defense's proposed budget for 2024 is $842 billion. That is about 3.5% of the U.S.'s GDP. The military buys everything from pens and paper clips to fighter jets and submarines. But the market for milita
The Genco Picardy is not an American ship. It doesn't pay U.S. taxes, none of its crew are U.S. nationals, and when it sailed through the Red Sea last month, it wasn't carrying cargo to or from an American port. But when
L, is for the way you Listen to Planet Money O, is for the Only podcast I hear V, is Very, very, fiduciary E, is for... ECONOMICS! Every February, we dedicate a show to the things in our lives that have been giving us bu
Keith King was upset when his marriage ended. His wife had cheated, and his family broke apart. And that's when he learned about a very old type of lawsuit, called a heart balm tort. A lawsuit that would let him sue the
There are tons of markets that don't exist because people just don't want to allow a market – for whatever reason, people feel icky about putting a price on something. For example: Surrogacy is a legal industry in parts
It's Groundhog Day, and the eyes of the nation have turned to a small town in western Pennsylvania. And, just like last year, all anyone can talk about is Punxsutawney Phil! It is impossible to find a news story that is
Note: This episode originally ran in 2015 . German families in the 60s loved tasty, cheap American-raised chicken that was suddenly coming in after the war. And Americans were loving fun, cheap Volkswagen Beetles. This a
Our friends at NPR's news quiz Wait Wait...Don't Tell Me! recently had a very Planet Money guest on their show: Treasury Secretary Janet Yellen. They asked her about smoking pot, her extremely high scores in Candy Crush
At around 1 a.m. on the morning of November 15, 1994, Captain Prentice "Skip" Strong III woke to a distress call. Skip was the new captain of an oil tanker called the Cherry Valley . He and his crew had been making their
On today's episode, we have three big economic ideas for your consideration – ideas that could potentially improve the economy and make us more efficient. First, what if we ban left turns on roads? Then, what if we gave
After very high inflation, the United States is finally feeling some relief in the form of "disinflation." But, why exactly has inflation slowed down? Three Planet Money hosts try to answer that question while competing
On today's show, we look at two indicators of the economic disruptions of the war in Gaza and try to trace how far they will reach. We start in the Red Sea, a crucial link in the global supply chain connecting to the Sue
When you think of a potato, one state probably comes to mind: Idaho. But for much of American history, Maine was home to the nation's largest potato crop. That status had changed by the 1970s, with the West growing more
There's this fundamental question in economics that has proven really hard to answer: What's a good way to help people out of poverty? The old-school way was to fund programs that would support very particular things, li
Picture the Pacific Ocean of the 16th century. Spanish Galleons sail the wide open seas, carrying precious cargo like silver, porcelain, and textiles. The waters are dangerous; ship logs show concerns over pirates. But p
It's that time of year again! Our annual year-end tradition of checking in on the stories we've reported and the people we met along the way. We'll hear from a Hollywood strike captain who tried to pull off one last job,
Today on the show, hosts from Planet Money and The Indicator debate the economic indicators of this year and next year. First up, we try to identify the figure that best captured the essence of 2023. The contenders: the
*Note: This episode originally ran in 2020* 'Tis the season for Americans to head out in droves and bring home a freshly-cut Christmas tree. But decorative evergreens don't just magically show up on corner lots, waiting
Argentina has been on a decades-long search for economic stability, but it always seems to be out of reach. High inflation has been plaguing the country and just surpassed 160% a year. Over the past couple of years, the
The research keeps coming in on remote work. New evidence suggests working from home, at least full-time, may not be as productive as we once thought. Economist Jose Maria Barrero and his co-authors have reviewed this an
Economics Job Market Rumors is a website that's half a job information Wiki, where people post about what's going on inside economics departments, and half a discussion forum, where anyone with an internet connection can
Maybe she's born with it, maybe it's __________. The best part of waking up, is _______ in your cup! Got ____? If you can identify these brands based on tagline alone, it's possible you... are a 90s kid. The '90s were ar
What if you could borrow money on the cheap and use it to pay for just about anything? The U.S. government can, and does, with U.S. Treasuries. But the market for Treasuries might be more fragile than we know. In this ep
Remember pagers? They were huge in the 80s — these little devices that could receive short messages. Sir Mix-A-Lot even had a song about them! But then cell phones came along, and pagers more or less became obsolete. Exc
Today on the show, we have two episodes from our daily podcast, The Indicator , about things we spend a lot of time thinking about this time of year: food and drink. First up, we explore how changes in economic condition
Would you say that you and your family are better off or worse off, financially, than you were a year ago? Do you think in 12 months we'll have good times, financially, or bad? Generally speaking, do you think now is a g
In the state of Oregon, there is a glut of grass. A wealth of weed. A crisis of chronic. And, jokes aside, it's a real problem for people who work in the cannabis industry like Matt Ochoa. Ochoa runs the Jefferson Packin
Here at Planet Money, Thanksgiving is not just a time to feast on turkey, stuffing, mashed potatoes, green bean casseroles and pie(s). It's also a time to feast on economics. Today, we host a very Planet Money Thanksgivi
Some of the most influential and beloved novels of the last few years have been about money, finance, and the global economy. Some overtly so, others more subtly. It got to the point where we just had to call up the auth
China's economic growth for the past few decades has been extraordinary. And much of that growth was fueled by real estate – it was like this miraculous economic engine for the country. But recently, that engine seems to
When best-selling thriller writer Douglas Preston began playing around with OpenAI's new chatbot, ChatGPT, he was, at first, impressed. But then he realized how much in-depth knowledge GPT had of the books he had written
The world of economics has these two different sides. One one side, there are the economists in their cozy armchairs and dusty libraries, high up in their ivory towers. On the other, there's the messy world we're all liv
When Lina Khan was in law school back in 2017, she wrote a law review article called 'Amazon's Antitrust Paradox,' that went kinda viral in policy circles. In it, she argued that antitrust enforcement in the U.S. was beh
Earlier this fall, the Federal Trade Commission filed a high-stakes lawsuit against Amazon. In that suit, the FTC claims Amazon is a monopoly, and it accuses the company of using anti-competitive tactics to hold onto its
You might expect to find economic concepts in the pages of an economics textbook. But you know where you can really see a lot of economic concepts in action? Buffets. Here at Planet Money we believe there's a lot of econ
Right now, a lot of school districts across the country are making a pretty giant change to the way public education usually works. Facing teacher shortages and struggling to fill vacant spots, they are finding a new rec
Union membership in the U.S. has been declining for decades. But, in 2022, support for unions among Americans was the highest it's been in decades. This dissonance is due, in part, to the difficulties of one important ph