Category: 3-EconSometimeCommentary

Vanity plates might be 2KUL4U, but in the Blue Hen State, low-digit plates command high-digit prices. Zachary Crockett sums up a big market in a small state. This episode was originally published on June 2nd, 2023.

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Just as every market has its first movers, every religion has its martyrs — the people willing to risk everything for what they believe. Pastor Dave Hodges just might be a little bit of both. He’s the spiritual leader of the Zide Door Church of Entheogenic Plants, in Oakland, California which places psilocybin mushrooms at the center of their religious practice.

Today on the show, like its 130,000+ members, we’re going to take a trip through the psychedelic mushroom megachurch. We’ll meet one of the lawyers trying to keep psychedelic religious leaders like Pastor Dave from running afoul of the law, and get a peek into how the government decides whether a belief system counts as sincere religion.

This episode was reported with support from the Ferris-UC Berkeley Psychedelic Journalism Fellowship. 

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This episode was hosted by Alexi Horowitz-Ghazi. It was produced by Sam Yellowhorse Kesler and edited by Eric Mennel. It was fact checked by Sierra Juarez and engineered by Kwesi Lee with help from Robert Rodriguez. Alex Goldmark is Planet Money’s executive producer. 

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Planet Money has teamed up with the company Exploding Kittens to make a board game inspired by the legendary economics paper The Market for Lemons. We’ve decided we want a mass-appeal party game that quietly sneaks in the economics, so that we can report from inside a world that no other Planet Money project has entered: the real shelves at real big box retail stores. 

We have a great game mechanic and a set of rules. Now all we need is a good name and theme. 

Turns out, that is way harder and way higher stakes than any of us could have imagined. 

In the third episode of our series, we learn the importance of a good game name and theme and try to come up with one for our game. 

Find our previous episodes in the board game series, here and here.

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This episode of Planet Money was hosted by Kenny Malone and Erika Beras. It was produced by James Sneed and edited by Marianne McCune, fact-checked by Willa Rubin, and engineered by Cena Loffredo and Kwesi Lee. Alex Goldmark is our executive producer.

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One creature’s trash is another’s cash. Zachary Crockett flushes out the numbers with a man who found profit in pee. This episode was originally published on June 25th, 2023.

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**This episode was recorded September 29, 2025.

On this episode of the Hayek Program Podcast, Chris Coyne speaks with Amy Crockett and Erwin Decker about how economics shapes our understanding of peace, conflict, and cooperation, drawing on the work of Kenneth Boulding and James Buchanan.

First, Coyne speaks with Amy Crockett about her upcoming paper, “Addressing Peace in Undergraduate Economics Textbooks.” Crockett examines how peace is often treated as a background assumption in economics education and presents evidence from introductory and upper-level textbooks on how war, conflict, and policy responses are typically framed, highlighting missed opportunities to emphasize bottom-up, cooperative solutions.

Coyne then speaks with Erwin Decker about his paper, “Kenneth Boulding and James Buchanan on the Public Function of Economics.” Decker discusses how both thinkers understood economics as shaping the public “image” of social life, emphasizing exchange, moral foundations, and the importance of economists addressing citizens rather than policymakers.

Together, these conversations show how economic ideas—whether taught in classrooms or communicated to the public—can either reinforce conflict-centered narratives or help sustain cultures of peace and cooperation.

This is the fourth episode in a short series of episodes that will feature a collection of authors who contributed to the volume 1, issue 2 of the Markets & Society Journal or to a forthcoming special issue from The Review of Austrian Economics.

Dr. Erwin Dekker is Senior Fellow with the F.A. Hayek Program for Advanced Study in Philosophy, Politics, and Economics and a Senior Research Fellow at the Mercatus Center at George Mason University. He has published numerous books, including Realizing the Values of Art (Palgrave Macmillan, 2023), Jan Tinbergen (1903-1994) and the Rise of Economic Expertise (Cambridge University Press, 2021), and The Viennese Students of Civilization: The Meaning and Context of Austrian Economics Reconsidered (Cambridge University Press, 2016).

Dr. Amy Crockett is a Senior Lecturer at Vanderbilt University. She earned her Ph.D. and M.A. in economics from George Mason University, an M.A. in teaching from Relay Graduate School of Education, and a B.S. in systems engineering & economics from George Mason University. She is an Alum of the Mercatus PhD Fellowship.

Show Notes:

• Tensions in Political Economy Series

• Kenneth Boulding’s book, The Image: Knowledge in Life and Society (University of Michigan Press, 1956).

• Robert Higgs’ paper, “Wartime Prosperity? A Reassessment of the U.S. Economy in the 1940s” (The Journal of Economic History, 2009).

• James Buchanan’s paper, “Positive Economics, Welfare Economics, and Political Economy” (The Journal of Law & Economics, 1959).

• James M. Buchanan’s Nobel Prize Lecture

If you like the show, please subscribe, leave a 5-star review, and tell others about the show! We're available on Apple Podcasts, Spotify, Amazon Music, and wherever you get your podcasts.

Check out our other podcast from the Hayek Program! Virtual Sentiments is a podcast in which political theorist Kristen Collins interviews scholars and practitioners grappling with pressing problems in political economy with an eye to the past. Subscribe today!

Follow the Hayek Program on Twitter: @HayekProgram

Follow the Mercatus Center on Twitter: @mercatus

CC Music: Twisterium

How do they emerge from the Upper Cretaceous period to end up in natural-history museums and private collections? Zachary Crockett digs for answers. This episode was originally published on June 18th, 2023.

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Venezuela and Chevron have perhaps one of the strangest partnerships … ever? Chevron, one of the world’s most famous and profitable oil corporations, has for decades, been plugging away in Venezuela, one the world’s most famous and infamous socialist countries. 

Today on the show, the story of their intertwined histories. Before Saudi Arabia, before Iran… there was Venezuela, the first petrostate. The first country whose entire economy became dependent on oil. With the blessing of oil, an entire economic textbook of complications opened up: from the Dutch Disease, to the resource curse, to mono-economic vulnerability.

And, oddly, along for that ride…Chevron. 


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This episode of Planet Money was hosted by Erika Beras and Kenny Malone. It was produced by Luis Gallo with help from Sam Yellowhorse Kesler. It was edited by Marianne McCune, fact-checked by Sierra Juarez and engineered by Cena Loffredo. Alex Goldmark is our executive producer.


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We’re not sure what that creature cavorting on the sidelines is — but it doesn’t come cheap. Zachary Crockett gets the ballpark figures on everyone’s favorite ballpark figures. This episode was originally published on June 11th, 2023.

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Before President Donald Trump’s first term, he was in a “tight spot” financially, according to New Yorker writer David Kirkpatrick. At the start of his second term, David says, Trump was in an “even tighter” spot. But after just six months into his second term, Trump’s financial situation started looking really good.


David has done a full accounting for what the family has been up to, and even using conservative estimates, David says Trump and his family have made almost $4 billion dollars “off of the presidency,” in just about a year.


Today on the show: we look at every new business and business deal and financial transaction that David says likely would not have happened if Trump wasn’t the president of the United States. And we stop at the most innovative ways Trump and his family have made all that.


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Today’s episode of Planet Money was hosted by Sarah Gonzalez and Mary Childs. It was produced by James Sneed, edited by Jess Jiang, and fact checked by Sierra Juarez. Robert Rodriguez engineered it. Alex Goldmark is our executive producer.

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Hotel guests adore those cute little soaps, but is it just a one-night stand? Zachary Crockett discovers what happens when we love ’em and leave ’em. This episode was originally published on February 12th, 2023.

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