Planet Money

Tensions rise as President Trump criticizes Federal Reserve Chair Jerome Powell, threatening the central bank's independence. The discussion covers the Fed's complex role in balancing inflation and employment while maintaining monetary policy. Historical insights reveal how the Fed amassed power and its strategies during economic crises. With executive orders posing challenges, the podcast highlights the crucial need for the Fed to remain insulated from political pressure, ensuring stability in turbulent times.

Join a quirky exploration of an egg shortage as colleagues navigate innovative ways to distribute farm-fresh eggs without price gouging. From humorous backyard chicken antics to a playful survey assessing breakfast preferences, the podcast dives into the love for eggs and their true market value. Discover the fascinating Becker-DeGroote Marshak method, where participants hilariously evaluate their willingness to pay for eggs, blending economics with lighthearted fun and surprising insights into consumer behavior.

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.