Planet Money

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 if not to get OVERLY involved in this kind of situation?Our colleague didn't want to charge more than $5, so we couldn't just auction the eggs off. A lottery? Too boring, he said. Okay! A very Planet Money puzzle to solve.Today on the show, we go in search of novel systems to help our colleague decide who gets his scarce resource: cheap, farm-fresh eggs. We steal from the world of new product development to try and secretly test for egg love, and we discover a pricing method used in development economics that may be America's next great gameshow.This episode of Planet Money was produced by Emma Peaslee and it was edited by Marianne McCune. It was fact checked by Sierra Juarez and engineered by Jimmy Keeley. Alex Goldmark is our executive producer.Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.Listen free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Music: NPR Source Audio - "Punchy Punchline," "Game Face," "Feeling the Funk," and "The Host Most Wanted"Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

Dive into the intriguing world of OIRA, the federal office gaining unprecedented power under a new executive order. Explore how this shift could shake up independent agencies like the SEC and FCC, affecting financial markets and democracy itself. Discover the delicate balance between agency independence and presidential control, and the implications of changing regulatory landscapes. With a rich history of influence, OIRA's evolving role is at the forefront of crucial political dynamics and public policy.

In this talk, Alex Rodrigues, the owner of Nut Hut in Vancouver, shares her journey running a specialty nut shop amid turbulent trade policies. She discusses the intricate relationships with local farmers and the challenges of sourcing unique products like native pecans affected by tariffs. The conversation dives into how rising nationalism influences consumer choices and the growing Canadian movement to prioritize local goods over U.S. imports. Ultimately, it highlights the delicate balance between supporting local businesses and navigating the complexities of global trade.

The discussion dives into the complexities of trade deficits, questioning whether they're inherently bad or indicative of economic vitality. It highlights the Trump administration's tariffs and their real-world consequences on imports. The hosts clarify the distinction between global and bilateral perspectives on trade while exploring how foreign investment interacts with U.S. dollars. Through relatable examples, they unpack the nuanced impacts of trade imbalances, encouraging listeners to rethink common perceptions and the role of tariffs in international relations.

Discover the surprising connection between blueberries and the war on drugs. The show explores how U.S. initiatives helped Peruvians transition from coca to crops like asparagus and blueberries. Personal stories reveal the challenges faced by farmers in this shift, highlighting resilience amidst corruption. Learn about the blueberry boom, driven by trade agreements and U.S. demand. Taste tests showcase the Biloxi blueberry's reliability despite its flavor. Pop culture also plays a role in shaping consumer preferences for this wintertime delight.

Exploring the role of tariffs, the conversation reveals how these import taxes have historically sparked debate between protectionism and free trade. A lone economist defends tariffs as crucial economic tools, particularly within the context of the Trump administration. The story of Hyundai illustrates the power of government support in nurturing industries. Additionally, the podcast delves into how tariffs can function as a means of political influence, reshaping international relations and industry growth.

Latif Nasser, the inquisitive host of Radiolab, explores whether our economy can grow indefinitely without exhausting Earth's resources. He dives into the surprising history of guano as a critical fertilizer and discusses how innovations have historically countered resource limitations. The conversation tackles the alarming depletion rates of essential materials like copper and oil while emphasizing the need for sustainable practices. From bird poop to technological breakthroughs, it's a captivating look at the delicate balance between growth and sustainability.

A team buys a mystery diamond online for $137, diving into the excitement and skepticism surrounding their purchase. They put the gem to the test at the Gemological Institute of America, discovering it's authentic. The podcast explores the differences between natural and lab-grown diamonds, revealing unexpected insights into the diamond market. With humor and curiosity, they tackle the economics behind pricing, competition, and consumer perceptions, unraveling the complexities of this beloved yet enigmatic stone.

Dive into the fascinating world of GDP, the ultimate economic scorekeeper! Discover the bold proposal to exclude government spending from its calculation and the potential implications this could have on economic understanding. Hear insights from a former head of the Bureau of Economic Analysis, who reveals the political pressures behind GDP measurement. Explore the controversies about including factors like illegal activities and environmental impacts, and how adapting GDP is essential in our evolving economy.

Discover the intriguing world of unclaimed property and escheatment laws! Hear the story of an investor who lost a fortune despite following best practices. Explore the quirky history of how states handle forgotten assets and the complexities of reclaiming them. The podcast tackles the hidden costs of unclaimed funds and the fairness of how individuals are compensated. Personal stories highlight the challenges of navigating this maze of bureaucracy, especially through a man's battle over his seized Amazon stock. Don't forget to check for your own lost treasures!