Planet Money - SUMMER SCHOOL 2: GDP & What Counts
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The concept of cowardice was once a constant, but it has waned as an explanation for social phenomena. Though, in recent weeks, the lack of action among the (non) responders in Uvalde, Texas has prompted a reconsideration. Bravery has many bards, but there is literally only one book on the concept of cowardice, Cowardice: A Brief History. It's author, Chris Walsh, is on the show. Plus, a Sesame Place dis leads to allegations of racism; and a moose, a goose, and a flute might soon join the symbolic firmament.
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A discussion of the hidden forces remaking the global political and economic order.
This episode is sponsored by Nexo.io, Chainalysis and FTX US.
NLW kicks off his “Midsummer Macro” series with a deep dive conversation with Demetri Kofinas, host of the “Hidden Forces” podcast. They discuss the Fed, inflation, the secular shift to stagflation and the tectonic geopolitical shifts that must be understood to truly understand the macroeconomic picture.
Find our guest online: @kofinas | hiddenforces.io
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Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company safeguards your crypto by relying on five key fundamentals including real-time auditing and insurance on custodial assets. Learn more at nexo.io.
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Chainalysis is the blockchain data platform. We provide data, software, services and research to government agencies, exchanges, financial institutions and insurance and cybersecurity companies. Our data powers investigation, compliance and market intelligence software that has been used to solve some of the world’s most high-profile criminal cases. For more information, visit www.chainalysis.com.
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FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today.
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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: Nuthawut Somsuk/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Turns out Netflix did NOT lose 2 million subscribers as previously predicted. (Only 970,000)
(0:22) Tim Beyers discusses: - The market's relief that 2nd-quarter results for Netflix were "less bad" - Why Microsoft shareholders have a stake in Netflix's success - Twitter winning the 1st round in its legal battle with Elon Musk
(10:21) Ricky Mulvey and Catie Peiper discuss how entertainment companies have dealt with rough economic situations in the past (and how they could respond in the current environment), and preview this year's San Diego Comic-Con!
Stocks mentioned: NFLX, MSFT, TWTR, DIS, WBD, AMZN
Host: Chris Hill Guests: Tim Beyers, Catie Peiper Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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