• Summary

  • Wanna see a trick? Give us any topic and we can tie it back to the economy. At Planet Money, we explore the forces that shape our lives and bring you along for the ride. Don't just understand the economy – understand the world.

    Wanna go deeper? Subscribe to Planet Money+ and get sponsor-free episodes of Planet Money, The Indicator, and Planet Money Summer School. Plus access to bonus content. It's a new way to support the show you love. Learn more at plus.npr.org/planetmoney
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Episodes
  • The rise and fall of Long Term Capital Management
    Feb 22 2025
    There's this cautionary tale, in the finance world, that nearly any trader can tell you. It's about placing too much confidence in math and models. It's the story of Long Term Capital Management.

    The story begins back in the 90s. A group of math nerds figured out how to use a mathematical model to identify opportunities in the market, tiny price discrepancies, that they could bet big on. Those bets turned into big profits, for them and their clients. They were the toast of Wall Street; it looked like they'd solved the puzzle of risk-taking. But their overconfidence in their strategy led to one of the biggest financial implosions in U.S. history, and destabilized the entire market.

    On today's show, what happens when perfect math meets the mess of human nature? And what did we learn (and what did we not learn) from the legendary tale of Long Term Capital Management?

    This episode of Planet Money was hosted by Mary Childs and Jeff Guo. It was produced by Sam Yellowhorse Kesler and edited by Jess Jiang. It was fact-checked by Sierra Juarez and engineered by Robert Rodriguez. Alex Goldmark is our executive producer.

    Find more
    Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

    Listen free at these links:
    Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

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    28 mins
  • Can the president override Congress on spending?
    Feb 19 2025
    So the president can't spend more money than Congress has agreed and voted to spend. But can the president spend less money than Congress wants?

    It all comes down to something called "impoundment" and the Impoundment Control Act of 1974, which controls when and how a president can take away money Congress has appropriated.

    President Trump followed the Impoundment Control Act rules back in 2018. But now, in his second term, he's saying he thinks that law is unconstitutional.

    On this episode: the history of impoundment, from Thomas Jefferson to Richard Nixon and Bill Clinton. And what constitutional scholars and judges are saying after Trump attempted to dismantle a federal agency and freeze trillions in federal funding that goes to states for everything from new school buses to public health research.

    We've got more about impoundment in the latest Planet Money newsletter.

    Check out The Indicator's episodes on
    the gutting of USAID and how American farmers are affected in USAID cuts. And, our previous episode on the big government money pipe that's being closely watched right now.

    Find more
    Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

    Listen free at these links:
    Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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    22 mins
  • The Big Government Money Pipe Freeze
    Feb 14 2025
    There has been chaotic uncertainty around billions of dollars allocated by Congress. The Trump administration ordered a pause on — and review of — certain types of federal assistance. A judge blocked that freeze. But reports continue to emerge that certain parts of the government were not getting their money.

    As a result, hundreds and hundreds of people have lost their jobs, clinics and daycares across the country have been left wondering if they'll have money to operate, retirees have worried about getting their payments.

    But the United States is a country of transparency. And if you know where to look, there is a way to cut through all the confusion. Because there's this one big pipe from the US Treasury through which most federal spending flows.

    So, today, we discover a way to go look at that money pipe. And we'll look at some of the people and the programs on the other end of that pipe. And we tell you about a tool (it's at The Hamilton Project! Right here.) that you can use to follow along from home, right now, as this gigantic federal spending story continues developing and developing.

    Find more
    Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.

    Listen free at these links:
    Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.

    Help support
    Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

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    26 mins

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Very Interesting

Its very interesting they talk about tax loopholes in a way that makes you want to listen to it.

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Best!

This is one of my all time favorite podcasts! keep up the great work 😃

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Incredibly informative analysis on... everything!

Amazing podcast, the energy of the hosts is unmatched (is it just me or does Mary sound exactly like Cortana?)
Everyone should be tuning into every episode.

The tax loophole is still my favorite episode... so far!!

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planet skibidi toilet slay


planet money is so slay and it made me do the griddy. it gave me skibidi rizz 🤔😨😪😧

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Nice

This show is a classic, everybody performs so great and such good stories, I highly suggest.
Thank you for reading 

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too much advertising

Way too much advertising which makes it real annoying to listen. otherwise the content is good.

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