In a first-best world, we'd all save enough money and there'd be no scammers. In a second-best world, we'd all know how to protect ourselves.
That's what Sheila Bair thought, too. As former chair of the FDIC, she noticed many kids and adults weren't quite getting the education they needed. So, she decided to do something about it.
Today on the show: What Sheila Bair has learned about American capitalism as one of its top regulators and how she's trying — one book at a time — to help new generations from falling into its traps.
We learned about Sheila Bair's kids books from listener Erin Vetter. If you've come across anything that makes finance fun, email us! We're at indicator@npr.org.
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Engines of Our Ingenuity - The Engines of Our Ingenuity 2143: Emma Lazarus
Episode: 2143 In which Emma Lazarus reinvents the Statue of Liberty. Today, UH scholar Dorothy Baker tells us about Emma Lazarus.
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A common belief among economists is that the central bank determines what interest rates should be. But is that accurate? Indeed, there is more to the story.
Original article: Does the Central Bank Determine Interest Rates?
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State governments regularly engage in corporate handouts to boost their electability. The evidence that they're good for taxpayers is still weak. John Mozena of the Center for Economic Accountability and Cato’s Steve Slivinski comment.
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The Indicator from Planet Money - What’s a weather forecast worth?
The federal government has been tracking the weather for more than 150 years. Yet over the last few decades, the rise of the Internet and big tech have made weather forecasting a more crowded space. Today on the show: the value of an accurate forecast and the debate over who should control the data.
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Related stories:
Hazard maps: The curse of knowledge (Apple / Spotify)
Should we invest more in weather forecasting?
After a year of deadly weather, cities look to private forecasters to save lives
For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.
Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
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Engines of Our Ingenuity - The Engines of Our Ingenuity 1278: Quonset Huts
Episode: 1278 The Quonset hut: a design with remarkable staying power. Today, we build an instant house.
Engines of Our Ingenuity - The Engines of Our Ingenuity 1277: Railroads in Winter
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More or Less: Behind the Stats - Do we have enough clothes for the next six generations?
A huge quantity of clothing is produced every year around the world. But is so much made that there are already enough tops, trousers, skirts and all the rest to clothe humanity for decades into the future?
That?s a claim that has been percolating around the internet recently, that there are already enough clothes for the next six generations.
Tim Harford and Beth Ashmead Latham explore the source of this claim and, with help from Sabina Lawreniuk from Nottingham University, find that the evidence behind it is far from persuasive.
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On today's episode: Election aftermath. Stocks jump, the temperamental Mexican peso, and which states are raising minimum wage.
Related Episodes:
Should We Raise The Minimum Wage?
America's economy is the envy of the world. Will it stay that way?
Learn more about sponsor message choices: podcastchoices.com/adchoices
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