The Indicator from Planet Money - One Fed battle after another

Over the weekend, Federal Reserve Chair Jerome Powell said the Department of Justice served the Fed with grand jury subpoenas. Powell says it’s all a sham. But the stakes are unprecedented: A potential criminal indictment. Central bank independence. Today on the show, the administration’s case against the Fed. How did we get here? And what comes next?

Related episodes: 
Lisa Cook and the fight for the Fed
Trump's unprecedented attack on the Fed  
A primer on the Federal Reserve's independence
Why Is The Fed So Boring?

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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The Indicator from Planet Money - How far can philanthropy go to fill government gaps?

While Americans are known for their generosity, the U.S. government, increasingly, is not. The Trump administration’s cuts to SNAP benefits among other aid programs have forced states, foundations and donors to fill the gaps. But can they? On today’s show, the limits of philanthropic efforts to supplant federal aid. 

Related episodes: 
Why tech bros are trying to give away all their money (kind of) 

For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  


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Audio Mises Wire - Did the Articles of Confederation Fail? Probably Not

The standard explanation for the Constitutional Convention was that the Articles of Confederation were a failure. However, the Articles actually worked the way they were supposed to work. Unfortunately, the advocates of a strong central government ultimately got their way.

Original article: https://mises.org/mises-wire/did-articles-confederation-fail-probably-not

More or Less - Does Venezuela really have the biggest oil reserves in the world?

When people think of oil rich nations their mind generally goes to Saudi Arabia, Iraq and the US.

But according to international statistics, the country with the largest oil reserves is Venezuela, with 300 billion barrels worth.

At their peak they produced over 3.5 million barrels of the stuff per day. However, due to lack of investment, sanctions and mismanagement that peak is long gone.

Following their military intervention, the US administration claims they can get Venezuela's oil production up and running at full capacity within 18 months.

But can they, and why is it that estimates for other countries oil reserves have fluctuated but Venezuela’s has stayed at 300 billion barrels for over two decades?

Presenter: Tim Harford Producer: Lizzy McNeill Series Producer: Tom Colls Editor: Richard Vadon Production Co-Ordinator: Brenda Brown Sound Mix: Dave O’Neill