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Today’s 5 best ideas: from @Chalkbeat @bopinion @planetmoney @conversationus @NINDSnews
If you missed it back in 2015, now is your chance! Guess the weight of this cow & then listen to our episode for the answer.
To test an idea from the book ‘The Wisdom of Crowds,’ we turned to some non-experts. We asked them to guess the weight of Penelope, a cow we met at a state fair.
In 2015, we devised an experiment. We wanted to know if crowds of people could really be wiser than experts. So, we invited listeners to guess the weight of a cow. 17,000 people wrote in, and today we’re replaying the results.
Today we explain why a large mass of random people is often better than a group of experts at generating the correct answer to a problem.
Who makes money moves? Introverts or extroverts?
In the fairytale version of capitalism, competition takes away the power of companies to mark up their prices and forces them to sell their products at the price it costs to make them. That isn't happening.
Check it. Pretty new tracker from our friends at @NPRpolitics following political fundraising.
RT @theindicator: Parts of New York City are in a state of emergency due to a measles outbreak. What are the costs to an outbreak? https:/…
Chile today is one of the most prosperous countries in South America, thanks in part to policies launched by a group of economists known as the Chicago Boys in the mid-70s-80s. But this prosperity came at an enormous social and human cost.
In the mid ‘70s-80s Chile experienced a dramatic economic shift. Milton Friedman compared the so-called “shock treatment” given to Chile’s economy, to cutting off a dog’s tail. You can’t cut it little by little, you’ve got to hack it all off at once.
General Augusto Pinochet was known for his ruthlessness as a dictator. Not for his knowledge about the economy.
In the mid 1970s, Chile’s economy was given a shock treatment. Under Augusto Pinochet, the government cut spending, raised taxes, and lifted protective tariffs. It was designed to be fast and painful in the short-term.
RT @theindicator: Trade has contributed to inequality, but that doesn’t mean it’s bad, says @KClausing listen to today's show:…
A few years into Salvador Allende’s presidency in Chile, the economy was gasping. The US had cut off credit and foreign aid. So had the World Bank.The government fixed prices, causing food shortages.
On this episode, @NoelKing goes to Chile to meet the Chicago Boys, economists on the front line of a cold-war era battle between Marxism and capitalism.
RT @theindicator: Prices for agricultural products generally follow global supply and demand. Not maple syrup, reports @JaneLindholm from @…
Chileans know firsthand how different economic systems transform daily life. And how painful switching from one to another can be.
In today's episode, we’re going back in time to the cold war, and the fight between Marxism and capitalism. Self-proclaimed Marxist, Salvador Allende, had just been elected president in Chile. And influential Americans were not pleased.
RT @theindicator: A trade war, with cheese. Today the @USTradeRep announced possible new tariffs on billions of dollars worth of EU product…
Last week, New York became the second state in the country to ban plastic bags. But this ban may actually hurt the environment more than help it.
RT @theindicator: Can money buy happiness? The @HappinessRpt finds, the answer is...not “no.”…
Joke theft is a rampant problem in the comedy industry. Even legend Robin Williams was accused of stealing from other comics’ standup. But there’s a group of people who are leveraging social media today to try to make borrowed jokes more expensive.
Copyrighting a whole stand-up comedy show set can get really expensive. Protection for just one joke alone will cost you $35.
We talked to an expert who told us that no standup comedian has ever filed a copyright lawsuit against another standup comedian. That’s because comedians have a different way of dealing with joke theft: Public shaming... Also sometimes violence.
Today’s show is all about the the cost of jokes. It’s expensive to copyright one. And, thanks to a group of comedians and content creators fighting back, it might be getting expensive to steal one too.
In an effort to make filing taxes easier for Americans, Professor Joe Bankman actually hired his own lobbyist.
If you’re out there filing your taxes right now -- we want you to know there is hope. Since the mid 2000s, there have been efforts to bring Americans this dramatically simpler filing program called ReadyReturn. Here’s what someone actually said about it.
Joe Bankman figured out a way to make filing taxes dramatically easier for Americans. But he’s up against huge lobbyists & a GOP pledge.
RT @nickfountain: This is: a) A treatise on modern corporate life b) An explainer on income elasticity of demand c) So damn charming htt…
Good news for kids: The amount the tooth fairy pays for a tooth has been skyrocketing over the past 20 years. Bad news for the tooth fairy: Someone’s got to pay. Watch:
In our newsletter this week, we look at a study that finds algorithms figured out how to collude together and increase prices on consumers. Should the government start doing more about this?
The amount of money the tooth fairy leaves for a tooth has skyrocket over the last two decades — which is bad news for the tooth fairy. Watch:
RT @theindicator: It's #EqualPayDay So we revisit some of our past episodes 💪💃🏃‍♀️ Working women: Indicators of…
Companies are increasingly using algorithms to set their prices, but is that giving them too much power over consumers?
We’re back with a new episode of our video series, #PlanetMoneyShorts!
There’s a new way to pay for college. And it might be especially good for students who know they’re not going to earn a lot.
Milton Friedman had an idea for funding education: Give students money in exchange for a cut of their future income. Today, some schools are trying this out.
In 1997, David Bowie received $55 million up front from investors in exchange for a chunk of his royalties over the next 10 years. That deal inspired a new way for students to pay for college.
Good day to pop over to @theindicator podcast.
In a last-ditch effort to get her college tuition covered, Lauren went into her college’s financial aid office ready to join the Army. That’s when someone told her about a new way to pay for college.
In the 1920s, GM figured out how to get consumers to buy more cars. They left the engine mostly the same, but changed the packaging. Things that used to be superficial -- better radio, different paint colors -- became essential to the purchase.
By 1924, cars started coming out in different colors, partly in an effort to target women. (Side note: that same technological improvement in car paint led to the creation of nail polish as we know it today.)
Today, you can count yourself lucky if you don’t have to change the lightbulb in your bathroom more than once every couple of years. But in Livermore, California, the world’s longest-burning lightbulb has been on since 1901.
In the 1920s, the lightbulb market was really consolidated. Many nations had only one big manufacturer. Which created the ideal conditions for… a global cartel that would conspire to break the lightbulb.
RT @theindicator: Venezuela is going through another nationwide blackout. We talked to an economist in Caracas about what it’s like to live…
Despite all the hype about the gig economy, the best estimate is that only one percent of the total U.S. workforce does gigs through digital platforms like Uber and TaskRabbit. Our newsletter explores why:
India's music market is harder than this company thought!
A wave of recent studies has found the gig economy is mostly hype. It's not disrupting traditional employment. Does the Nobel Prize-winning work of the economist Ronald Coase explain why?
RT @theindicator: Venezuelans are starving because there isn’t enough food. But the country has so much fertile land, water, and sunshine -…
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