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Planet Money

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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.

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Episodes (96)

The million dollar mystery behind Milk.com

The million dollar mystery behind Milk.com

September 03, 2025 20m
When we stumbled upon Milk.com, we were mystified. It appears to be someone’s personal website. But memorable domain names can be worth a million dollars or more. So, why is someone using this...
Lisa Cook and the fight for the Fed

Lisa Cook and the fight for the Fed

August 29, 2025 22m
The Federal Reserve has been under intense pressure from President Donald Trump as he pushes for more control over the historically independent agency. The Fed is tasked with keeping inflation and...
Summer School 8: Graduation LIVE!

Summer School 8: Graduation LIVE!

August 27, 2025 30m
Get your own personalized summer school diploma here.Today on our final episode of Summer School 2025, we will test your knowledge. We will salute the unsung heroes of government service. And we will...
Buy discount Ozempic here now click this link

Buy discount Ozempic here now click this link

August 22, 2025 32m
In the past couple years, demand has gone wild for drugs like Ozempic – and its cousins, Zepbound, Wegovy, and Mounjaro. For people who had never been able to lose weight before, suddenly the numbers...
When our inflation infeelings don’t match the CPI

When our inflation infeelings don’t match the CPI

August 15, 2025 31m
For most Americans, we just lived through the highest period of inflation in our lives. And we are reminded of this every time we go grocery shopping. All over TikTok, tons of people have posted...
Summer School 7: Trade blocks and blockages

Summer School 7: Trade blocks and blockages

August 13, 2025 39m
Tariffs are the favorite tool of our current president, but there are lots of other ways that governments insert themselves into the free exchange of goods and services. Some of these trade barriers...
Summer School 6: When the markets need a designer

Summer School 6: When the markets need a designer

August 13, 2025 36m
In economics, a market is a place (even virtual) where buyers and sellers meet to exchange goods or services. Economists love markets. It's like all of our supply and demand graphs have come to life....
What happens when governments cook the books

What happens when governments cook the books

August 09, 2025 34m
After President Trump fired the head of the Bureau of Labor Statistics, economists and statisticians across the board were horrified. Because the firing raises the spectre of potential manipulation –...
Summer School 5: The many ways governments influence industry

Summer School 5: The many ways governments influence industry

August 06, 2025 36m
LIVE SHOW: August 18th in Brooklyn. Tickets here. Traditional economics says the market is guided by the forces of supply and demand. Customers decide what they want to buy, and private enterprise...
Would you trust an economist with your economy?

Would you trust an economist with your economy?

August 02, 2025 32m
Trust in experts is down. In all kinds of institutions and professions - in government, in media, in medical science... and lately, economists are feeling the burn acutely. In fact, President Trump...
Summer School 4: Who are all these regulations protecting?

Summer School 4: Who are all these regulations protecting?

July 30, 2025 35m
LIVE SHOW: August 18th in Brooklyn. Tickets here. There are occasional incentives in business that make it very profitable to do bad things; maybe cheat at the game and steal other people's ideas, or...
The President's Golden Share in U.S. Steel

The President's Golden Share in U.S. Steel

July 25, 2025 28m
LIVE SHOW ALERT: August 18th, NYC. Get your tickets here. When news broke that a Japanese company, Nippon Steel, was buying the storied American steel company U.S. Steel, it was still 2023, just...
Summer School 3: How government decides what to spend our money on

Summer School 3: How government decides what to spend our money on

July 23, 2025 36m
Although it seems like the government can spend an endless amount of money, it cannot actually do all the things it wants to do. So the big question in this week's lesson is: How do we decide? Why...
Why are we so obsessed with manufacturing?

Why are we so obsessed with manufacturing?

July 18, 2025 22m
It seems like politicians cannot agree on a lot. But many seem to agree on... manufacturing. Leaders of both political parties have been working to try and make the U.S. a manufacturing powerhouse...
Planet Money

Congress has voted to eliminate government funding for public media

July 18, 2025 2m
Act now to ensure public media remains free and accessible to all. Your donation will help this essential American service survive and thrive. Visit donate.npr.org now.Learn more about sponsor message...
Summer School 2: How taxes change behavior and the economy

Summer School 2: How taxes change behavior and the economy

July 16, 2025 37m
We all know the government uses taxes to pay for things. But what about using taxes to control behavior? This week on Summer School, Professor Darrick Hamilton of The New School, helps us explore the...
Made in America

Made in America

July 11, 2025 30m
What people might picture when they think of "Made in America" ... might not look like the "Made in America" we have today.The U.S. does have a domestic manufacturing industry, including a garment...
Summer School 1: A government's role in the economy is to make us all richer

Summer School 1: A government's role in the economy is to make us all richer

July 09, 2025 35m
Government. The Big G. We like to imagine the free market and the invisible hand as being independent from political influence. But Nobel laureate, Simon Johnson, says that influence has been there...
The simple math of the big bill

The simple math of the big bill

July 04, 2025 32m
If we think about the economic effects of President Donald Trumps big taxing and spending and domestic policy bill, we can roughly sum it up in one line. It goes something like this: We will make many...
A thought experiment on how to fix the national debt problem

A thought experiment on how to fix the national debt problem

July 02, 2025 25m
There's an economic fantasy you sometimes hear in D.C. It often gets trotted out when politicians are trying to add billions or trillions to the national debt. They claim that all the new spending...
When Trump met crypto

When Trump met crypto

June 27, 2025 31m
In 2019, President Trump tweeted: "I am not a fan of Bitcoin and other Cryptocurrencies." Today, the Trumps are all over crypto.There are memecoins for Trump and the first lady. They own a stablecoin,...
Econ Battle Zone: Budget Showdown

Econ Battle Zone: Budget Showdown

June 25, 2025 38m
Econ Battle Zone is back! On today's episode Mary Childs and Kenny Malone enter Econ Battle Stadium to throw down against reigning champion Erika Beras.Can Mary explain what effect extending the 2017...
The U.S. is the world's bribery cop. Is that about to change?

The U.S. is the world's bribery cop. Is that about to change?

June 20, 2025 28m
The U.S. has been policing bribery all over the world for nearly half a century using a law called the Foreign Corrupt Practices Act. But now, President Trump has said that this anti-corruption law is...
Jay & Shai's debt ceiling adventure (Update)

Jay & Shai's debt ceiling adventure (Update)

June 19, 2025 30m
Note: A version of this episode first ran in 2023.Every year, the U.S. government spends more money than it takes in. In order to fund all that spending, the country takes on debt. Congress has the...
Why I joined DOGE

Why I joined DOGE

June 14, 2025 27m
What was it like to work inside Elon Musk's DOGE? The cost-cutting initiative promised transparency, but most of its actions have been shrouded in secrecy.For months, there were reports of software...
Are Trump's tariffs legal?

Are Trump's tariffs legal?

June 11, 2025 24m
When President Trump announced his sweeping new tariffs this year, many trade law experts were startled. Typically, presidents don't have the authority to impose broad tariffs with a snap of their...
When Chinese manufacturing met Small Town, USA

When Chinese manufacturing met Small Town, USA

June 06, 2025 31m
Over the past decade, politicians from both parties have courted American voters with an enticing economic prospect – the dream of bringing manufacturing and manufacturing jobs back to America....
Trump's crypto interests (Two Indicators)

Trump's crypto interests (Two Indicators)

June 04, 2025 18m
Today on the show – our crypto president. Just before President Donald Trump began his second administration in January, he and his business partners launched the $TRUMP coin. It's a memecoin that...
The U.S.-China trade war, according to game theory

The U.S.-China trade war, according to game theory

May 30, 2025 28m
Over the last few months U.S.-China trade relations have been pretty hard to make sense of – unless you look at what's happening through the lens of game theory. Game theory is all about how decisions...
Why does the government fund research at universities?

Why does the government fund research at universities?

May 28, 2025 27m
American universities are where people go to learn and teach. They're also where research and development happens. Over the past eight decades, universities have received billions in federal dollars...
The secret world behind those scammy text messages

The secret world behind those scammy text messages

May 23, 2025 34m
You might have seen these texts before. The scam starts innocently enough. Maybe it's a "Long time no see" or "Hello" or "How are you." For investigative reporter Zeke Faux it was – "Hi David, I'm...
How economists (and TikTok) know if a recession is coming

How economists (and TikTok) know if a recession is coming

May 21, 2025 23m
Lately we've noticed that something we think about all the time here at Planet Money is having a viral moment: recession indicators!From the more practical (like sales for lipstick going up and men's...
The 145% tariff already did its damage

The 145% tariff already did its damage

May 16, 2025 26m
Even though the 145% tariff on Chinese imports only lasted a month, it already inflicted its scars on the economy. Global trade is just not something you can turn off and on like that. Some companies...
What happened to U.S. farmers during the last trade war

What happened to U.S. farmers during the last trade war

May 14, 2025 25m
The U.S. exports billions of dollars worth of agricultural products each year — things like soybeans, corn and pork. And over the last month, these exports have been caught up in a trade war. U.S....
Is the reign of the dollar over?

Is the reign of the dollar over?

May 09, 2025 26m
For decades, dollars have been the world's common financial language. Central banks everywhere hold dollars as a way to safely store their wealth. Countries, businesses, and people use it to trade;...
What "Made in China" actually means

What "Made in China" actually means

May 07, 2025 27m
Virtually every product brought into the United States must have a so-called "country of origin." Think of it as the official place it comes from. And this is the country that counts for calculating...
Why it's so hard to find a public toilet

Why it's so hard to find a public toilet

May 02, 2025 24m
Why is it so hard to find a bathroom when you need one? In the U.S., we used to have lots of publicly accessible toilets. But many had locks on the doors and you had to put in a coin to use them. Pay...
Planet Money complains. To learn.

Planet Money complains. To learn.

April 30, 2025 25m
On today's show: we're ... venting.We at Planet Money are an ensemble show – each with different curiosities and styles. But we recently realized many of us have something in common: We're annoyed...
How 23andMe's bankruptcy led to a run on the gene bank

How 23andMe's bankruptcy led to a run on the gene bank

April 26, 2025 30m
Reporter Alexi Horowitz-Ghazi's Aunt Vovi signed up for 23andMe back in 2017, hoping to learn more about the genetic makeup of her ancestors. Vovi was one of over 15 million 23andMe customers who sent...
A  primer on the Federal Reserve's independence

A primer on the Federal Reserve's independence

April 23, 2025 19m
President Donald Trump has been loudly critical of Federal Reserve Chair Jerome Powell for years now. Since January, the President has accused him of playing politics by keeping interest rates high....
How much for that egg

How much for that egg

April 18, 2025 31m
Recently, one of our NPR colleagues wrote a message to all of NPR saying he had extra eggs to sell for cheap, but needed a fair way to distribute them during a shortage. What is Planet Money here for...
OIRA: The tiny office that's about to remake the federal government

OIRA: The tiny office that's about to remake the federal government

April 16, 2025 26m
OIRA — the Office of Information and Regulatory Affairs — is an obscure, but powerful federal office around the corner from the White House. President Trump has decided that it should get even more...
Trade war dispatch from Canada

Trade war dispatch from Canada

April 11, 2025 26m
How do you run a business when a trade war is brewing? As President Trump's tariffs kick in - or are paused or are restarted - businesses around the world are trying to navigate the uncertainty.And,...
Do trade deficits matter?

Do trade deficits matter?

April 09, 2025 23m
At the heart of President Trump's tariffs is this idea that we should not be buying more from other countries than they are buying from us. Basically, he wants to get rid of the trade deficit. And in...
How the War on Drugs got us... blueberries

How the War on Drugs got us... blueberries

April 04, 2025 27m
Ever wondered why you can buy fresh Peruvian blueberries in the dead of winter? The answer, surprisingly, is tied to cocaine. Today on the show, we look at how the War on Drugs led to an American...
Tariffs: what are they good for?

Tariffs: what are they good for?

April 02, 2025 23m
What are tariffs good for?For years, mainstream economists have basically said: tariffs are not good. They are an import tax paid by consumers, they've said, and they discourage free trade, and we...
PM x Radiolab: Can the economy grow forever?

PM x Radiolab: Can the economy grow forever?

March 28, 2025 37m
Earth can sustain life for another 100 million years, but can we? This episode, we partner with Radiolab to take stock of the essential raw materials that enable us to live as we do here on Earth —...
Planet Money buys a mystery diamond

Planet Money buys a mystery diamond

March 26, 2025 32m
The deal seemed too good to be true. There's a website that's been selling top quality diamonds at bizarrely low prices. Prices we couldn't find at any retail outlet. Prices so low, we could buy a...
Can we just change how we measure GDP?

Can we just change how we measure GDP?

March 21, 2025 22m
There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final transactions, so all the goods or services bought and...
Escheat show (Update)

Escheat show (Update)

March 19, 2025 22m
Note: This original episode ran in 2020.Walter Schramm did everything right as an investor — at least according to the philosophy of Warren Buffett. So how come he lost a small fortune?In this...
How Tupperware took over our homes, with Decoder Ring

How Tupperware took over our homes, with Decoder Ring

March 14, 2025 28m
Tupperware is the stealthy star of our modern homes. These plastic storage containers are ubiquitous in our fridges, pantries, and closets. But the original product was revolutionary. So was its...
The last time we shrank the federal workforce

The last time we shrank the federal workforce

March 12, 2025 27m
If you cut every single federal job President Donald Trump wants to cut, how much money would that save? A president has tried to massively shrink the size of the federal government before. It was in...
How to start a bank

How to start a bank

March 07, 2025 25m
In some ways, starting a bank is a lot like starting any other business. Who will you hire? Where will you be located? What color will the couches be? But it's also way more complicated. There are...
The Parable of Peanut the Memecoin

The Parable of Peanut the Memecoin

March 05, 2025 34m
Memecoins are having a moment. Everyone from Hawk Tuah to President Donald Trump to animal influencers like Moo Deng the pygmy hippo have been turned into cryptocurrency. But what are the costs of all...
The Memecoin Casino

The Memecoin Casino

February 28, 2025 28m
What do Moo Deng the pygmy hippo, social media sensation Hawk Tuah, and the President of the United States all have in common? They've all inspired highly valuable, highly volatile memecoins. The...
The controversy over Tyson Foods' hiring of asylum seekers

The controversy over Tyson Foods' hiring of asylum seekers

February 27, 2025 25m
Last year, Tyson Foods shuttered a meat processing plant in Perry, Iowa. The company said it made the decision because the plant was old and inefficient. But the closure was devastating for the...
The rise and fall of Long Term Capital Management

The rise and fall of Long Term Capital Management

February 22, 2025 27m
There's this cautionary tale, in the finance world, that nearly any trader can tell you. It's about placing too much confidence in math and models. It's the story of Long Term Capital Management.The...
Can the president override Congress on spending?

Can the president override Congress on spending?

February 19, 2025 22m
So the president can't spend more money than Congress has agreed and voted to spend. But can the president spend less money than Congress wants?It all comes down to something called "impoundment" and...
The Big Government Money Pipe Freeze

The Big Government Money Pipe Freeze

February 14, 2025 25m
There has been chaotic uncertainty around billions of dollars allocated by Congress. The Trump administration ordered a pause on — and review of — certain types of federal assistance. A judge blocked...
The 'Crypto Wizard' vs. Nigeria

The 'Crypto Wizard' vs. Nigeria

February 11, 2025 22m
The trip that changed Tigran Gambaryan's life forever was supposed to be short — just a few days. When he flew to Nigeria in February of 2024, he didn't even check a bag. Tigran is a former IRS...
The fight for a legendary shipwreck's treasure

The fight for a legendary shipwreck's treasure

February 07, 2025 23m
The San Jose was a marvel of 17th century technology. The Spanish galleon weighed more than a thousand tons, was made of wood reinforced with iron, and featured three masts and 64 cannons. In its...
How the scratch off lottery changed America

How the scratch off lottery changed America

February 05, 2025 29m
Americans spend more on scratch lottery tickets per year than on pizza. More than all Coca-Cola products. Yet the scratch ticket as a consumer item has only existed for fifty years. Not so long ago,...
How DeepSeek changed the market's mind

How DeepSeek changed the market's mind

February 01, 2025 26m
On Monday, the stock market went into a tizzy over a new AI model from Chinese company DeepSeek. It seemed to be just as powerful as many of its American competitors, but its makers claimed to have...
Re-imagining the energy grid ... through batteries (Two Indicators)

Re-imagining the energy grid ... through batteries (Two Indicators)

January 29, 2025 17m
When it comes to solar and wind power, renewable energy has always had a caveat: it can only run when the wind blows or the sun shines.The idea of a battery was floated around to make renewables...
The "chilling effect" of deportations

The "chilling effect" of deportations

January 25, 2025 23m
After being sworn into office, President Trump signed a whole host of executive actions and orders that affirm his campaign promise to crack down on immigration.Trump's border czar has said Chicago is...
After the fires

After the fires

January 23, 2025 25m
The fires in Los Angeles are almost out. Residents are starting to trickle back into their burned-out neighborhoods. When they get to their houses, they face a series of almost impossible questions:...
Tariffs, grocery prices and other listener questions

Tariffs, grocery prices and other listener questions

January 17, 2025 27m
Donald Trump is just about to begin his second presidency. And it may be safe to say that every single person in America has at least one question about what's to come in the next four years.So, we...
The Land of the Duty Free (classic)

The Land of the Duty Free (classic)

January 15, 2025 20m
(Note: This episode originally ran in 2018.)Is it really cheaper to shop at an airport Duty Free store? And why are so many of them alike?In the 1940s, if you were flying from New York City to London...
The case for Fed Independence in the Nixon Tapes

The case for Fed Independence in the Nixon Tapes

January 11, 2025 30m
You know Watergate, but do you know Fedgate? The more subtle scandal with more monetary policy and, arguably, much higher stakes.In today's episode, we listen back through the Nixon White House tapes...
ZIP Codes!

ZIP Codes!

January 08, 2025 28m
The ZIP code is less like a cold, clinical, ordered list of numbers, and more like a weird overgrown number garden. It started as a way to organize mail after WWII, but now it pops up all over our...
The potato-shaped loophole in free trade

The potato-shaped loophole in free trade

January 03, 2025 27m
Ever since free trade opened up between the US and Mexico in the 1990s, trillions of dollars of goods have been going back and forth between the two countries, from cars to strawberries to MRI...
If AI is so good, why are there still so many jobs for translators?

If AI is so good, why are there still so many jobs for translators?

December 30, 2024 17m
If you believe the hype, translators will all soon be out of work. Luis von Ahn, CEO and co-founder of the language learning app Duolingo, doesn't think AI is quite there... yet. In this interview,...
The Rest of the Story, 2024

The Rest of the Story, 2024

December 27, 2024 28m
After the gift exchange comes another great holiday tradition: returns season. Once again, we are joining the fun in our own Planet Money way. We are returning to stories from years past to see what's...
The Indicators of this year and next

The Indicators of this year and next

December 25, 2024 22m
This year, there was some economic good news to go around. Inflation generally ticked down. Unemployment more or less held around 4-percent. Heck, the Fed even cut interest rates three times. But for...
The habitat banker

The habitat banker

December 20, 2024 33m
Our planet is in serious trouble. There are a million species of plants and animals in danger of extinction, and the biggest cause is companies destroying their habitats to farm food, mine minerals,...
How sports gambling blew up

How sports gambling blew up

December 18, 2024 30m
Sports gambling isn't exactly a financial market, but it rhymes with financial markets. What happens on Wall Street somehow eventually also happens in sports gambling. So in the 1980s, when computers...
A Nobel prize for explaining why there's global inequality

A Nobel prize for explaining why there's global inequality

December 14, 2024 28m
Why do some nations fail and others succeed?In the late 1990s and early 2000s, three economists formed a partnership that would revolutionize how economists think about global inequality. Their work...
Worst. Tariffs. Ever. (update)

Worst. Tariffs. Ever. (update)

December 11, 2024 26m
The Smoot Hawley Tariffs were a debacle that helped plunge America into the Great Depression. What can we learn from them?Today on the show, we tell the nearly 100-year-old story of Smoot and Hawley,...
There Will Be Flood

There Will Be Flood

December 06, 2024 31m
Windell Curole spent decades working to protect his community in southern Louisiana from the destructive flooding caused by hurricanes. His local office in South Lafourche partnered with the federal...
George Soros vs. the Bank of England

George Soros vs. the Bank of England

December 04, 2024 30m
As people learn more about Donald Trump's pick for Treasury Secretary, Scott Bessent, one story comes up over and over: a legendary trade that he played a small part in while he worked at George...
How useful, really, are the steps you can take after a data breach?

How useful, really, are the steps you can take after a data breach?

December 02, 2024 20m
The dreaded data breach notification... It tells you your personal data's been compromised and suggests steps you can take to minimize the potential harm. On today's episode, Kenny Malone pulls out a...
Why you bought your couch

Why you bought your couch

November 27, 2024 26m
You probably own a chair or a table or a sofa. And you probably think you know why you bought it. Because it was comfy. Or blue. Or the right price. But what if the style, the color, the cost, maybe...
Title Pirates

Title Pirates

November 23, 2024 25m
A couple years ago, Gina Leto, a real estate developer, bought a property with her business partner. The process went like it usually did: Lots of paperwork; a virtual closing. Pretty cut-and-dry....
The long view of economics and immigration (Two Indicators)

The long view of economics and immigration (Two Indicators)

November 20, 2024 15m
Mass deportations. What would actually happen—economically—if the President-elect follows through on promises to deport millions of people from America.We don't have to guess.Today we have two stories...
The great German land lottery

The great German land lottery

November 15, 2024 28m
Every ten years, a group of German farmers gather in the communal farm fields of the Osing for the Osingverlosung, a ritual dating back centuries. Osing refers to the area. And verlosung means...
The strange way the world's fastest microchips are made

The strange way the world's fastest microchips are made

November 13, 2024 26m
This is the story behind one of the most valuable — and perhaps, most improbable — technologies humanity has ever created. It's a breakthrough called extreme ultraviolet lithography, and it's how the...
What markets bet President Trump will do

What markets bet President Trump will do

November 09, 2024 26m
On the day after the election, Wall Street responded in a dramatic way. Some stocks went way up, others went way down. By reading those signals — by breaking down what people were buying and what they...
Moving to the American dream? (update)

Moving to the American dream? (update)

November 06, 2024 23m
Back in the 90s, the federal government ran a bold experiment, giving people vouchers to move out of high-poverty neighborhoods into low-poverty ones. They wanted to test if housing policy could be...
The veteran loan calamity

The veteran loan calamity

November 01, 2024 36m
Ray and Becky Queen live in rural Oklahoma with their kids (and chickens). The Queens were able to buy that home with a VA loan because of Ray's service in the Army. During COVID, the Queens – like...
So your data was stolen in a data breach

So your data was stolen in a data breach

October 31, 2024 28m
If you... exist in the world, it's likely that you have gotten a letter or email at some point informing you that your data was stolen. This happened recently to potentially hundreds of millions of...
Why do hospitals keep running out of generic drugs?

Why do hospitals keep running out of generic drugs?

October 25, 2024 26m
There's something strange going on in hospitals. Cheap, common drugs that nurses use every day seem to be constantly hit by shortages. These are often generic drugs that don't seem super complicated...
Romance on the screen and on the page: Two Indicators

Romance on the screen and on the page: Two Indicators

October 23, 2024 17m
On today's show, we have two stories from The Indicator, Planet Money's daily podcast. They just launched Love Week, a weeklong series exploring the business and economic side of romance.First, hosts...
The Subscription Trap

The Subscription Trap

October 18, 2024 30m
Over the past two decades, there's been a sort of tectonic economic shift happening under our feet. More and more companies have switched from selling goods one by one to selling services, available...
We asked 188 economists. And the survey says...

We asked 188 economists. And the survey says...

October 16, 2024 21m
(For our story on this year's Nobel in Economics, check out our daily show, The Indicator!)Let's face it. Economics is filled with terms that don't always make sense to the average person. Terms that...
So imPORTant: Bananas, frogs, and... Bob's??

So imPORTant: Bananas, frogs, and... Bob's??

October 11, 2024 25m
Even in our modern world with planes and jets and drones, the vast majority of goods are moved around the planet in cargo ships. Which means our ports are the backbone of our global economy. The...
Can cap and trade work in the US?

Can cap and trade work in the US?

October 09, 2024 24m
Recently, the state of Washington embarked on an ambitious new plan to combat climate change. Taking a page from economics textbooks, the state instituted a statewide "cap and trade" system for carbon...

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