Planet Money - Summer School 5: 250 years of trade history in three chapters

Episodes each Wednesday through labor day. Find all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School.

Trade has come up in all of the episodes of Summer School so far. An early use of money was to make trade easier. Trade was responsible for the birth of companies and the stock market. And trade was the lifeblood of the early United States.

Today's episode covers 250 years of trade history in three chapters. We start with one of the founding texts of economics, Wealth of Nations, in which Adam Smith argues a country's true value is not measured in gold and silver, but by its people's ability to buy things that enhance their standard of living. Then we'll watch American politicians completely ignore that argument in favor of protecting domestic industries – until one congressman makes a passionate case for free trade as the means to world peace. And finally we'll follow the trade debate up to the modern day, where the tides of American politics have turned toward regulation.

This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.

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The Bulwark Podcast - Peter Callaghan and Isaac Stanley-Becker: Veep Peeks

Tim talks to a local Minnesota reporter to get the low-down on Tim Walz's recent political history, including where he falls on the progressive-to-moderate spectrum—as well as his weak spots from his tenure as governor, like the 2020 riots in Minneapolis. 

Plus, JD Vance, as a senator, has been texting with a Holocaust-denying far-right fringe character, but won't take calls from high-ranking Ukrainian officials. 

MinnPost's Peter Callaghan and the Washington Post's Isaac Stanley-Becker join Tim Miller.

show notes:

Peter's story on how Walz beat the odds to become the VP pick
Isaac's story on Vance's texts with Charles Johnson
Tim's book, "Why We Did It" 

Amarica's Constitution - How To Get To 18 Years

The 2021 Biden Commission on the Court has now led - with a big “assistance” from the Court itself - to President Biden’s own plan for Court reform. It is sketchy in many ways, but is entirely consistent with Professor Amar’s long-held views on 18 year active terms for Supreme Court justices, though the President’s proposal lacks the detail of that plan. This is unsurprising in a way since Prof. Amar testified before that Commission.  There are other related plans in proposed statutes that lie in committees of the House and Senate.  We consider the features of all, the flaws we have diagnosed, and we also have some commentary on some other aspects of the President’s proposals, including a possible constitutional amendment.  Lots to consider this week!  CLE credit is available for judges and lawyers from podcast.njsba.com.

Time To Say Goodbye - Walz Time, RFK’s Bear Episode, and what Solidarity Means with Astra Taylor

Hello!

This week we’re extremely excited to have on Astra Taylor, a filmmaker, author, and organizer with the Debt Collective. We talk about Walz, whether VP picks matter, good vibes and joy for once, and also what the hell was RFK Jr. thinking when he dumped that dead bear cub in Central Park. Astra also talks to us about the book she co-authored with Leah Hunt-Hendrix titled “SOLIDARITY: THE PAST, PRESENT, AND FUTURE OF A WORLD CHANGING IDEA,” which all of you should pick up and read as it’s extremely relevant to everything we discuss on the show.

Enjoy!

Jay and Tyler



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CBS News Roundup - 08/07/2024 | World News Roundup

The Harris-Walz ticket hits the road. The government says it's foiled an Iran-linked plot to kill US leaders. Charges are filed in the death of a black man pinned outside a Milwaukee hotel. Correspondent Steve Kathan has the CBS World News Roundup for Wednesday, August 7, 2024:

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CoinDesk Podcast Network - UNCHAINED: Crypto Prices Are Way Down. Is It Time to Buy the Dip?

Jeff Dorman from Arca breaks down the recent crypto crash, its causes, and whether buying the dip is a smart move.


The recent crypto crash has left many investors questioning the way the market is going. In this episode, Jeff Dorman, chief investment officer at Arca, provides a deep dive into the factors behind the crash, the macroeconomic influences at play, and why he remains optimistic despite the downturn. Expressing surprise at Ethereum's underperformance this year, he describes how the Democrats’ handling of crypto is an own goal, and how TradFi and DeFi differ from each other during market upheavals.

Show highlights:

  • The two main reasons the markets crashed this past weekend
  • How the macro environment has affected crypto lately and why the market has gotten “way ahead of itself”
  • Why ETH was down so much, more than other cryptocurrencies
  • The “most important” shift in crypto policy that has occurred this year
  • The Japanese yen carry trade that was one of the key factors in the market meltdown
  • Whether Genesis distributing $4 billion in assets had an impact on the market
  • Why Jeff believes that the data we have today does not point to a recession in the U.S.
  • Why Jeff says he’s “buying the dip”
  • Crypto as a political issue and why he thinks Harris winning would not be as bad for crypto as many believe
  • Why bitcoin doesn’t always act as a hedge against equity-related or geopolitical risk, in Jeff’s opinion
  • What Jeff thinks about the proposals for the U.S. government to buy bitcoin for a strategic reserve
  • The stark contrast between TradFi giants halting trading and the permissionless nature of DeFi

Visit our website for breaking news, analysis, op-eds, articles to learn about crypto, and much more: unchainedcrypto.com

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Unchained Podcast is Produced by Laura Shin Media, LLC. Distributed by CoinDesk.

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Reset with Sasha-Ann Simons - Hosting The Democratic National Convention Puts Mayor Johnson To The Test

The mayor is racing to prepare the city to host the DNC. Plus, the convention is working with tourist arm Choose Chicago to promote diverse neighborhoods among convention attendees, but it’s unclear how effectively this will spread the benefits of the convention across the city. Reset learns the latest on the DNC. For a full archive of Reset interviews, head over to wbez.org/reset.

Up First from NPR - Harris/Walz Campaign Kicks Off, Walz’s MN Record, UK Riots

Vice President Kamala Harris and her new VP pick made their first campaign appearance together in Philadelphia. Walz's track record as Governor of Minnesota offers clues about his governing style, and far right rioters caused havoc in UK cities.

Want more comprehensive analysis of the most important news of the day, plus a little fun? Subscribe to the Up First newsletter.

Today's episode of Up First was edited by Dana Farrington, Acacia Squires, John Helton, Janaya Williams and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Julie Depenbrock. We get engineering support from Carleigh Strange. And our technical director is Zac Coleman.


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The Intelligence from The Economist - Walz onto the stage: Kamala Harris’s VP pick

Tim Walz, a folksy Midwesterner who came late to politics, is on the Democratic ticket. We ask how he got there and whether he was the best tactical pick. A visit to Lebanon reveals a sense of foreboding, as a sharper war between Israel and Hizbullah seems inevitable (11:04). And the executives who just don’t know when to quit (19:53).


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