The Federal Reserve plays a very important role in the economy. When things start to look uncertain, the central bank is tasked with stepping in to restore people's confidence in the economy. But how do they do it? On today's episode we dive deep on monetary policy and the role of the fed. |At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.
More episodes from "Planet Money"
Would you like a side of offshoring with that?
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22:59A lot of restaurants took a hit during the pandemic. And when they struggled to find workers, some found surprising solutions. On today's show, what happens when you offshore cashiers.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney
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Econ's Brush with the Law
22:36What happens when you take some of the most powerful people in America — federal judges — and teach them economics? We look at the swanky econ retreats that may have changed American law forever.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
The Midnight Connection
33:25Texas's energy grid is largely disconnected from the rest of the U.S. That led to disastrous consequences last year when the state's grid was overloaded during a winter storm. Back in the 1970s, one company attempted to change the system in a secret, middle-of-the-night operation. Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney
The Good, the Bad, and the Uggly
31:30Eddie Oygur is an Australian businessman who's sold sheepskin ugg boots for years. But one day, he was hit with a lawsuit for breaking American trademark law. On today's show — what's in the name ugg? Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
The salvage car Silk Road
28:44A practically brand new Lexus with a New Jersey inspection sticker lands on an auto body lot in Turkmenistan. How did it get there? To find out, we journey into the bizarro economy for misfit cars. And we follow a very different kind of journey – of the auto body repairman from Turkmenistan who brought us this story in the first place. | Subscribe to our weekly newsletter here.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney
Breaking down the price of gasoline
28:14High gas prices have fueled speculation and investigations — is anyone raising prices and keeping prices high for profit? To find out, we break down the price of gas, piece by piece, to show you how we get to the price we see at the pump and how much everyone profits at each step of the way. | Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
SUMMER SCHOOL 8: Productivity & Getting Lit
30:47Productivity is our economic measure for how far our work goes, as individuals and as a society over all. It plays an important role in determining our quality of life, the prices of our goods and services, and, to some extent, the amount of free time we have. Today, we explore how thousands of years of productivity advancements transformed something now so standard that we take it for granted: light. | At this Summer School, phones ARE allowed during class... Check out this week's PM TikTok! | Listen to past seasons of Summer School here.