The game stop phenomenon has been going on for a few weeks. It involves short selling, where an investor borrows a stock and waits for it to fall further. Wall street is now panicking because people who are playing the game aren't supposent to be playing the game. The price of Gamestocp was worth five dollars or something two weeks ago, and wall street bets drove it up to almost 500 at its peak yesterday.
Part 2 is here! Gamestop, #stonks, Universal Basic Income, how to incentivize things that are good for us, whether or not kids should have an allowance, Trekonomics and more. Economist, professor and “Freakonomics” co-author Steven Levitt joins to chat about everything from being cheap and what decision making costs our minds to the worth of the Amazon rainforest. Rising economics star and Harvard Fellow Anna Gifty Opoku-Agyeman graces us with her thoughts on the subreddit WallStreetBets, how we measure the health of the economy, dealing with bullies, and Gossip Girl. Hey, watch out: you’re about to like Economics.
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