Are we in an AI bubble? That’s the $35 trillion dollar question right now as the stock market soars higher and higher. The problem is that bubbles are famously hard to spot. But some economists say they may have found some telltale clues.
On our latest: How do economists detect a bubble? And, how much should society be worried about bubbles in the first place?
Related shows:
- How to make $35 trillion ... disappear
-What is a bubble? (featuring Nobel prize winning economics Eugene Fama and Robert Shiller)
-What AI data centers are doing to your electric bill
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This episode was produced by Willa Rubin and edited by Marianne McCune. It was fact-checked by Sierra Juarez and engineered by Cena Loffredo and Robert Rodriguez. Alex Goldmark is our executive producer.
Music: NPR Source Audio - “The best is yet to come,” “Marsh mellow,” and “Sunshine beat”
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The Economics of Everyday Things - 3. My Sharona
Can a hit single from four decades ago still pay the bills? Zachary Crockett f-f-f-finds out. This episode was originally published on February 2nd, 2023.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Planet Money - How Black hair care grew Black power
The Afro is one of the most iconic hairstyles of the last century. And one of its main ingredients was a hair product – Afro Sheen. But Afro Sheen did so much more than make Black afros shine. It was the money behind the television show Soul Train, it helped fuel the civil rights movement – all because of an entrepreneur named George Johnson.
For decades, Joan and George Johnson owned and ran Johnson Products Company, a Black hair care company out of Chicago. Their intimate understanding of what Black people wanted and needed – for their hair and for their lives – helped grow the Black middle class and became an engine for Black culture and power. They helped turn the Black haircare industry into what is now a multi-billion-dollar industry. But although they helped create this industry, they no longer have a part in it.
Today on the show – the story of the rise and fall of Johnson Products. We’re gonna tell you this story in three hairstyles. The conk, the afro… and the jheri curl.
Related episodes:
This Ad’s For You
'Soul Train' and the business of Black joy
Fashion Fair's makeover
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
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This episode of Planet Money was hosted by Sonari Glinton and Erika Beras. It was produced by James Sneed, edited by Marianne McCune, fact-checked by Sierra Juarez, and engineered by Jimmy Keeley. Alex Goldmark is Planet Money’s executive producer.
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For decades, Joan and George Johnson owned and ran Johnson Products Company, a Black hair care company out of Chicago. Their intimate understanding of what Black people wanted and needed – for their hair and for their lives – helped grow the Black middle class and became an engine for Black culture and power. They helped turn the Black haircare industry into what is now a multi-billion-dollar industry. But although they helped create this industry, they no longer have a part in it.
Today on the show – the story of the rise and fall of Johnson Products. We’re gonna tell you this story in three hairstyles. The conk, the afro… and the jheri curl.
Related episodes:
This Ad’s For You
'Soul Train' and the business of Black joy
Fashion Fair's makeover
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
This episode of Planet Money was hosted by Sonari Glinton and Erika Beras. It was produced by James Sneed, edited by Marianne McCune, fact-checked by Sierra Juarez, and engineered by Jimmy Keeley. Alex Goldmark is Planet Money’s executive producer.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy
Hayek Program Podcast - Mario Small — 2024 Markets and Society Conference Keynote
On this episode of the Hayek Program Podcast, Mario Small delivers a keynote lecture at the 2024 Markets & Society conference on financial institutions and racial inequality—using payday lenders as a lens to understand how place and institutional context shape economic life.
Small begins with a deceptively simple question: how often is it easier to reach a payday lender than a traditional bank—and does that vary by neighborhood racial composition? He shows that racial gaps in access and attitudes persist even after accounting for socioeconomic differences, and argues that proximity, convenience, and institutional experience help shape preferences, even as most Americans hold negative views of payday lenders.
Together, these insights offer a nuanced account of how neighborhood context and institutional behavior interact to reproduce inequality, challenging simple explanations rooted in individual choice and highlighting the importance of lived experience in economic decision-making.
Dr. Mario L. Small is Quetelet Professor of Social Science at Columbia University. A University of Bremen Excellence Chair, and an elected member of the National Academy of Sciences, the American Academy of Arts and Sciences, the American Academy of Political and Social Sciences, and the Sociological Research Association, Small has published award-winning articles and books on urban inequality, personal networks, and the relationship between qualitative and quantitative methods. His books include Villa Victoria: The Transformation of Social Capital in a Boston Barrio, Unanticipated Gains: Origins of Network Inequality in Everyday Life -- both of which received the C. Wright Mills Award for Best Book -- and Someone To Talk To: How Networks Matter in Practice, which received the James Coleman Best Book Award among other honors.
**This episode was recorded October 12, 2024.
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
The Economics of Everyday Things - 2. Girl Scout Cookies
How does America's cutest sales force get billions of Thin Mints, Samoas, and Tagalongs into our hands every year? Zachary Crockett digs in. This episode was originally published on January 29th, 2023.
Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Planet Money - Venezuela’s recent economic history (Update)
We’ve been checking in on the economic conditions in Venezuela for about a decade now. In response to the U.S. strike and the capture of Venezuelan president Nicolás Maduro this weekend, we’re re-surfacing this episode with an update.
The original version ran in 2016, with an update in 2024.
Back in 2016, things were pretty bad in Venezuela. Grocery stores didn’t have enough food. Hospitals didn’t have basic supplies, like gauze. Child mortality was spiking. Businesses were shuttering. It was one of the epic economic collapses of our time. And it was totally avoidable.
Venezuela used to be a relatively rich country. It has just about all the economic advantages a country could ask for: Beautiful beaches and mountains ready for tourism, fertile land good for farming, an educated population, and oil, lots and lots of oil.
But during the boom years, the Venezuelan government made some choices that add up to an economic time bomb.
Today on the show, we run through the decisions that foreshadowed the collapse, and we hear from people in Venezuela in 2016 at a particularly low point for the economy, then again and in 2024 after a bounce back and a stabilization, in part due to the unlikely impact of the U.S. dollar.
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
This original episode was hosted by Robert Smith and Noel King. It was produced by Nick Fountain and Sally Helm. Our update in 2024 was hosted by Amanda Aronczyk, produced by Sean Saldana, fact checked by Sierra Juarez, and engineered by Neal Rauch. Today's episode was hosted by Kenny Malone and produced by James Sneed. Alex Goldmark is our Executive Producer.
For sponsor-free episodes of The Indicator and Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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The original version ran in 2016, with an update in 2024.
Back in 2016, things were pretty bad in Venezuela. Grocery stores didn’t have enough food. Hospitals didn’t have basic supplies, like gauze. Child mortality was spiking. Businesses were shuttering. It was one of the epic economic collapses of our time. And it was totally avoidable.
Venezuela used to be a relatively rich country. It has just about all the economic advantages a country could ask for: Beautiful beaches and mountains ready for tourism, fertile land good for farming, an educated population, and oil, lots and lots of oil.
But during the boom years, the Venezuelan government made some choices that add up to an economic time bomb.
Today on the show, we run through the decisions that foreshadowed the collapse, and we hear from people in Venezuela in 2016 at a particularly low point for the economy, then again and in 2024 after a bounce back and a stabilization, in part due to the unlikely impact of the U.S. dollar.
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
This original episode was hosted by Robert Smith and Noel King. It was produced by Nick Fountain and Sally Helm. Our update in 2024 was hosted by Amanda Aronczyk, produced by Sean Saldana, fact checked by Sierra Juarez, and engineered by Neal Rauch. Today's episode was hosted by Kenny Malone and produced by James Sneed. Alex Goldmark is our Executive Producer.
For sponsor-free episodes of The Indicator and Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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Planet Money - Indicators of the Year, Past and Future
2025 is finally over. It was a wild year for the U.S. economy. Tariffs transformed global trading, consumer sentiment hit near-historic lows, and stocks hit dramatic new heights! So … which of these economic stories defined the year?
We will square off in a family feud to make our case, debate, and decide it.
Also, as we enter 2026, we are watching the trends and planning out what next years stories are likely to be. So we’re picking which indicators will become next years most telling.
On today’s episode, our indicators of this past year AND our top indicator predictions for 2026.
Related episodes:
The Indicators of this year and next (2024)
This indicator hasn’t flashed this red since the dot-com bubble
What would it mean to actually refund the tariffs?
What AI data centers are doing to your electric bill
What indicators will 2025 bring?
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
This episode of Planet Money was produced by James Sneed. The indicator episodes were produced by Angel Carreras, edited by Julia Ritchey, engineered by Robert Rodrigez and Kwesi Lee, and fact-checked by Sierra Juarez. Kate Concannon is the editor of the Indicator. Alex Goldmark is our executive producer.
For sponsor-free episodes of The Indicator and Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
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We will square off in a family feud to make our case, debate, and decide it.
Also, as we enter 2026, we are watching the trends and planning out what next years stories are likely to be. So we’re picking which indicators will become next years most telling.
On today’s episode, our indicators of this past year AND our top indicator predictions for 2026.
Related episodes:
The Indicators of this year and next (2024)
This indicator hasn’t flashed this red since the dot-com bubble
What would it mean to actually refund the tariffs?
What AI data centers are doing to your electric bill
What indicators will 2025 bring?
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
This episode of Planet Money was produced by James Sneed. The indicator episodes were produced by Angel Carreras, edited by Julia Ritchey, engineered by Robert Rodrigez and Kwesi Lee, and fact-checked by Sierra Juarez. Kate Concannon is the editor of the Indicator. Alex Goldmark is our executive producer.
For sponsor-free episodes of The Indicator and Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Learn more about sponsor message choices: podcastchoices.com/adchoices
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Planet Money - Why economists got free trade with China so wrong
With the year coming to a close, we're sharing our most popular Planet Money bonus episode of 2025!
As U.S. trade with China exploded in the early 2000's, American manufacturing began to shrivel. Those workers struggled to adapt and find new jobs. It ran counter to how mainstream economics at the time viewed free trade ... that it would be a clear win for the U.S. Greg Rosalsky talks with David Autor about why economists got free trade with China so wrong.
Autor, an MIT economics professor, and his colleagues published a series of eye-opening studies over the last 15 years or so that brought to light the costs of U.S. trade with China. We also hear Autor's thoughts on the role of tariffs and get an update on his research. With better, more precise data, Autor says we have a more nuanced and "bleaker" picture of what happened to these manufacturing workers.
You can read about Autor's research and sign up for The Planet Money Newsletter here.
To hear more bonus content like this and support NPR and public media, sign up for Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. Regular episodes remain free to listen!
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As U.S. trade with China exploded in the early 2000's, American manufacturing began to shrivel. Those workers struggled to adapt and find new jobs. It ran counter to how mainstream economics at the time viewed free trade ... that it would be a clear win for the U.S. Greg Rosalsky talks with David Autor about why economists got free trade with China so wrong.
Autor, an MIT economics professor, and his colleagues published a series of eye-opening studies over the last 15 years or so that brought to light the costs of U.S. trade with China. We also hear Autor's thoughts on the role of tariffs and get an update on his research. With better, more precise data, Autor says we have a more nuanced and "bleaker" picture of what happened to these manufacturing workers.
You can read about Autor's research and sign up for The Planet Money Newsletter here.
To hear more bonus content like this and support NPR and public media, sign up for Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney. Regular episodes remain free to listen!
Learn more about sponsor message choices: podcastchoices.com/adchoices
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The Economics of Everyday Things - 120. An update on the show
The Economics of Everyday Things is going on an indefinite hiatus.
- SOURCES:
- Zachary Crockett, host of The Economic of Everyday Things.
- RESOURCES:
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Planet Money - The Rest of the Story, 2025
Most stories keep going even after we set down our microphones and the music fades up. That's why, at the end of each year, we look back and we take stock.
We call this tradition "The Rest of the Story." And we bring you updates on the stories we've reported, and from the people we've met along the way.
Today, we check in on an engineer and patent attorney who made a safer saw; we get an update on the Planet Money game; an update on money in Gaza; and we have updates on a diamond that may or may not have had a second life.
Listen to the original stories:
The Subscription Trap
Planet Money buys a mystery diamond
In Gaza, money is falling apart
BOARD GAMES 1: We're making a game
How to save 10,000 fingers
This episode of Planet Money was produced by Luis Gallo, edited by Alex Goldmark, fact-checked by Vito Emanuel, and engineered by Debbie Daughtry.
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Play the new version of our game here. Version 4.
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
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We call this tradition "The Rest of the Story." And we bring you updates on the stories we've reported, and from the people we've met along the way.
Today, we check in on an engineer and patent attorney who made a safer saw; we get an update on the Planet Money game; an update on money in Gaza; and we have updates on a diamond that may or may not have had a second life.
Listen to the original stories:
The Subscription Trap
Planet Money buys a mystery diamond
In Gaza, money is falling apart
BOARD GAMES 1: We're making a game
How to save 10,000 fingers
This episode of Planet Money was produced by Luis Gallo, edited by Alex Goldmark, fact-checked by Vito Emanuel, and engineered by Debbie Daughtry.
Pre-order the Planet Money book and get a free gift. / Subscribe to Planet Money+
Play the new version of our game here. Version 4.
Listen free: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Facebook / Instagram / TikTok / Our weekly Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy