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This episode was first released as a bonus episode for Planet Money+ listeners last month. We're sharing it today for all listeners. To hear more episodes like this one and support NPR in the process, sign up for Planet Money+ at Planet Money+ supporters: we'll have a fresh bonus episode for you next week! "Save aggressively for retirement when you're young." "The stock market is a sure-fire long-term bet." "Fixed-rate mortgages are better than adjustable-rate mortgages." Popular financial advice like this appears in all kinds of books by financial thinkfluencers. But how does that advice stack up against more traditional economic thinking? That's the question Yale economist James Choi set out to answer in a paper called Popular Personal Financial Advice Versus The Professors. In this interview, he tells Greg Rosalsky what he found. Their talk marks another edition of Behind The Newsletter, in which Greg shares conversations with policy makers and economists who appear in the Planet Money newsletter. Subscribe to the newsletter at Read more about James Choi's paper here:
30 years ago, Lou Montulli set out to solve a fundamental problem with the internet, and accidentally created an entirely different one. On today's show, how the cookie went from an obscure piece of code designed to protect anonymity, to an online advertiser's dream, to a privacy advocate's nightmare.Subscribe to Planet Money+ in Apple Podcasts or at
Sam Bankman-Fried built a reputation as the one reliable crypto bro. But within the span of days, his empire came crashing down. What the rise and fall of crypto's 30-year-old elder statesman says about the story of crypto so far.Subscribe to Planet Money+ in Apple Podcasts or at
The E-Book Wars

The E-Book Wars


In 2019, a group of librarians (quietly) stormed the offices of a major publisher, Macmillan, to protest a controversial policy on e-books. On this show, how a tiny change - a book on a screen - threw an industry into war with itself.Subscribe to Planet Money+ in Apple Podcasts or at
Peak Sand (classic)

Peak Sand (classic)


Sand. It's in buildings, windows, your cell phone. But there isn't enough in the world for everyone. And that's created a dangerous black market.Subscribe to Planet Money+ in Apple Podcasts or at
Polling is facing an existential crisis. Few people are answering the phone, and fewer people want to answer surveys. On today's show, we pick up the phones ourselves to find out how polling got to this place, and what the future of the poll looks like.Subscribe to Planet Money+ in Apple Podcasts or at
Xi Jinping recently secured his third term as China's president – so we're looking at two shocks to the world's second-largest economy. First: How China's housing boom turned into a real estate crisis. Second: How the recent U.S. ban on selling advanced semiconductor chips to China could affect China's technology industry.
We got our hands on the long-lost "Inflation" song, and now it's time to put it out into the world. So, we started a record label, and we're diving into the music business to try and make a hit.(This episode is part two of a series. Listen to part one here.)Listen to "Inflation" on Apple Music, Spotify, YouTube Music, Tidal, Amazon Music & Pandora.Subscribe to Planet Money+ in Apple Podcasts or at
We try to start a real record label. Just to put one song out there. It's a song about inflation, recorded in 1975... and never released. Until now.(This episode is part one of a series)Listen to "Inflation" on Apple Music, Spotify, YouTube Music, Tidal, Amazon Music & Pandora.Subscribe to Planet Money+ in Apple Podcasts or at
When it comes to international trade and finance, everyone pretty much speaks one language: the U.S. dollar. So when the Federal Reserve hikes interest rates and the dollar suddenly gets strong, it can cause huge headaches all over the world.Subscribe to Planet Money+ in Apple Podcasts or at
How do you mend a broken bill? On this classic episode, we visit the Mutilated Currency Division.Subscribe to Planet Money+ in Apple Podcasts or at
On today's show, we're answering listener questions from the Planet Money inbox. Like, who really benefits from retail coupons? And why are goldfish so cheap?Subscribe to Planet Money+ in Apple Podcasts or at
It's fall, so on this episode, we're taking you back to school. First, what sorority rush can teach us about a particular kind of market. Then, how two economists fixed the way macroeconomics was taught in high schools. It's econ, inside and outside the classroom.Subscribe to Planet Money+ in Apple Podcasts or at
Taiwan is at the center of a global feud. Its main defense may be what some call its "Silicon Shield" — its powerful semiconductor industry. On today's show, the story of how one economic hero helped to transform Taiwan's economy and create the "Taiwan Miracle."Subscribe to Planet Money+ in Apple Podcasts or at
Liz Truss, the new Prime Minister of the UK, was determined to change the British economy. Instead, her government's mini-budget helped kick off a mini-financial crisis.Subscribe to Planet Money+ in Apple Podcasts or at
A lot of restaurants took a hit during the pandemic. And when they struggled to find workers, some found surprising solutions. On today's show, what happens when you offshore cashiers.Subscribe to Planet Money+ in Apple Podcasts or at
Today on the show, how we got from mealy, nasty apples to apples that taste delicious. The story starts with a breeder who discovered a miracle apple. But discovering that apple wasn't enough.
What happens when you take some of the most powerful people in America — federal judges — and teach them economics? We look at the swanky econ retreats that may have changed American law forever.Subscribe to Planet Money+ in Apple Podcasts or at
The Midnight Connection

The Midnight Connection


Texas's energy grid is largely disconnected from the rest of the U.S. That led to disastrous consequences last year when the state's grid was overloaded during a winter storm. Back in the 1970s, one company attempted to change the system in a secret, middle-of-the-night operation. Subscribe to Planet Money+ in Apple Podcasts or at
We're not in a recession, but why are the vibes feeling so off? We put the question to an economist and one expert on "vibes" and also hire a jazz band to take a pun way too far.Subscribe to Planet Money+ in Apple Podcasts or at
Comments (649)

Jackson Ito

how do u smooth spending if you don't know how much you will make?! Even a MBA from a Ivy league is no guarantee that you will make "a lot of money", what does that even mean?! it makes total sense for smoothing saving (which you can control) rather than spending smoothing.

Nov 24th

Sveta Mobile

I am super surprised to hear that ebooks have expiration date or number of uses. I think this is lame.

Nov 19th

Ajax Leblanc

is it against the rules to play the song on repeat on 0 volume all night just to get this man some listens?

Nov 1st

Amber Williams

I saved "Inflation" in my Spotify Playlist and shared it with my husband. we both love the song!

Oct 31st

Norm Ellison

Loving this. Absolutely a must listen for anyone in the music biz or thinking about getting into it.

Oct 30th


Argentina, China, Mexico

Oct 22nd


))× m6 600z3 .ekd9 siqis2am 0l

Oct 13th

Farhad Rad

#Mahsa_Amini #Nika_Shakarami #Sarina_Smailzade #Hadis_Najafi #Dictator_Governance #Protest #Iran #مهسا_امینی #نیکا_شاکرمی #حدیث_نجفی #سارینا_اسماعیل_زاده ✌️✌️✌️

Oct 9th

Nate Flippin

Or maybe we are in a recession after two negative quarters of GDP growth, as well as super high inflation hurting everyones wallet. And you guys changed the definition of a recession to save some politicians. We are probably on the edge of something much worse coming. So yeah the "vibes" are not great.

Sep 17th

Chris Horton

So Dickens had it right in Great Expectations!

Sep 10th

Jasmine Bond

As someone who lived in Cobb County for most of my life, this story really helped to shed some more light on the history of Cobb and Atlanta. Thanks!

Sep 2nd

lilin ji


Aug 29th
Reply (2)


its just classic leftist propaganda

Aug 19th
Reply (2)

Maureen E O'Brien

n n no2zA w??*? M. Z. zw ., , ,

Aug 17th

Maureen E O'Brien

n n no2zA w??*? M. Z

Aug 17th

Sid Mhmd

thankyou 👍🏻

Aug 2nd

Sean Sweikow

huh weird helium has deleted both Salesforce and Lime from listed partnerships since the day you published this episode and I (regrettably) spent my time looking into this scam on planet money's quasi endorsement. Those were the most notable (non existent) affiliations in their $6500 a month global enterprise! I'm glad I didn't contribute to their 2 million a month in onboarding fees after listening to your 20 something minute ad. I hope real journalists pick up on this story, because the lack of integrity displayed in this episode is way more interesting than the surface level content.

Jul 30th
Reply (1)

Sean Sweikow

Oh wow a network valued at a billion dollars that makes 2m a month in onboarding fees and 6500 a month in usage revenue. That's right six thousand five hundred dollars as per the founder's Twitter account. Isn't npr partly publicly funded? And you use that money to cheerfully and with no semblance of diligence give air time to whatever the fuck this is? Shame on you, planet money.

Jul 27th

Cheryl Barr

t g

Jul 19th

Craig Schermerhorn

ohhh, the virtue signaling.... bad investment decisions somehow still makes victims victims, the lack of personal accountability and EQUAL expectations is itself profoundly discriminatory

Jul 13th
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