The Indicator from Planet Money - Will the tax cuts pay for themselves?

The One Big Beautiful Bill Act is now law. It's expected to cost the government a pretty penny. The Congressional Budget Office predicts a $3.4 trillion increase in the deficit over ten years. This is driven by significant tax cuts, including extensions of those made in 2017.

Trump's advisors argue the tax cuts will pay for themselves. Today on the show, we speak with the guru on that school of thought, Arthur Laffer, and dig into some of those claims with a tax economist.

Related episodes:
The simple math of the big bill (Apple / Spotify)
What's going to happen to the Trump tax cuts? (Apple / Spotify)
So, how's this No Tax On Tips thing gonna go? (Apple / Spotify)

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 Corey Bridges. Music by
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Audio Mises Wire - The Mythology of Methodological Collectivism

A central belief of collectivists is that people think collectively, too. Whether one is a member of a class, religious group, or ethnic group, collectivism holds that each group has distinct interests that determine how individuals in the group think. Mises would have disagreed.

Original article: https://mises.org/mises-wire/mythology-methodological-collectivism

Audio Mises Wire - The Futility of Price Stability Policies

Monetarists have long believed that the Fed should pursue policies of low inflation in order to counter the effects of lower prices through enhanced productivity. Thus, they reason, overall prices will remain stable. Such policies actually promote economic instability.

Original article: https://mises.org/mises-wire/futility-price-stability-policies

The Indicator from Planet Money - Why can’t we insure trees?

In the U.S., we insure most everything we sell. So why not trees? Today on the show why trees aren't insured like other crops, and what it would take to get that insurance with extreme weather events on the rise.

Related episodes:
When insurers can't get insurance (Apple / Spotify)

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 Tyler Jones. Music by
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Audio Mises Wire - Rights, Fights, and the Economy of Self-Defense: Why MMA Facilitates the Right to Self-Defense

Mixed martial arts is a brutal, imperfect, occasionally ugly sport. But it’s also one of the most honest epistemic systems we have when dealing with self-defense, and each individual has the right to defend himself against aggressors.

Original article: https://mises.org/mises-wire/rights-fights-and-economy-self-defense-why-mma-facilitates-right-self-defense