Our mission: Find the world’s best economic ideas (Summer School World Tour)
7/8/202637 min
Come along as we travel the world in search of the best economic ideas to bring home!
From the beaches of Barbuda to the fjords of Norway, there's money (and money problems) everywhere. For this summer travel season, Planet Money Summer School will take you on a world tour for your ears. Pack that sense of wonder and nose for adventure, this is our semester abroad. We’re going to explore exotic locales and discover cultural norms, but we’re also going to buckle down and learn the biggest economic lessons around the world from our guides.
We start as far away as you can get from Planet Money headquarters, New Zealand and Australia. We’ll visit a sheep farm to observe an innovative but controversial market for the most important substance on earth, and we’ll ask when do speculators help and when do they hurt the rest of us? Then, we’ll get to know the economist – and jazz musician – who changed how the entire world fights inflation when he released a secret number to tame the dreaded wild beast. How did that work? Spoiler: it was the great leap forward in economic mind tricks.
Featured Episodes:
Featured Terms:
- Multiple equilibria
- Inflation targeting
- Speculators (impact on liquidity)
Support:
Read:
- Our book: Planet Money: A Guide to the Economic Forces That Shape Your Life (Audiobook here)
- Our weekly longform Planet Money newsletter
- Our weekly Indicator link round-up newsletter
Follow:
This episode of Planet Money Summer School is hosted by Robert Smith. It was produced by Sophia Paliza-Carre, fact-checked by Sierra Juarez, and engineered by Annlie Huang with help from Robert Rodriguez.
Music: NPR Source Audio - "The Boy from Ipanema," "Desmontes," "Long Drive,” and “Bondi.”
See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.
Clips
Transcript preview
First 90 secondsSpeaker 10:00
[upbeat music] This is Planet Money from NPR.
Robert Smith· Host0:03
The world is filled with smart ideas that can help all of us live better lives, and at Planet Money, we haven't just talked about those ideas, we have followed the money around the world, crossing borders.
Speaker 30:17
Oh, okay.
Speaker 40:17
Very nice to meet you. [laughs] I'm Erica.
Speaker 30:19
From America.
Speaker 40:20
Erica from America.
Robert Smith· Host0:22
Squeezing into the economy section of airplanes.
Speaker 40:25
How are your knees?
Robert Smith· Host0:26
If the guy in front of me were to put his seat back, I would be screwed. Braving the waves of the high seas.
Speaker 40:33
Oh my God. Oh, this is the worst boat ride I've ever been on in my entire life.
Robert Smith· Host0:40
All of this to meet the people trying to make it in the global economy, from CEOs to, uh, a drug dealer in the Netherlands.
Speaker 50:47
Skrrt. Ganja boys in the building. Holland, Maastricht. Skrt. Bang.
Robert Smith· Host0:53
This summer, pack a bag because this time you're coming along for the ride. Seven continents, eight weeks, 1,000 insights. [upbeat music] Welcome back everyone to Planet Money Summer School: World Tour, the international economics degree that fills your passport and your soul. I'm Robert Smith. This season on Summer School, we are spending our parents' money on a semester abroad. We'll hang out in cafes, learn a few