Do trade deficits matter?
Episode Date: April 9, 2025At the heart of President Trump's tariffs is this idea that we should not be buying more from other countries than they are buying from us. Basically,...
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479 episodes transcribedAt the heart of President Trump's tariffs is this idea that we should not be buying more from other countries than they are buying from us. Basically,...
Ever wondered why you can buy fresh Peruvian blueberries in the dead of winter? The answer, surprisingly, is tied to cocaine. Today on the show, we lo...
What are tariffs good for?For years, mainstream economists have basically said: tariffs are not good. They are an import tax paid by consumers, they'v...
Earth can sustain life for another 100 million years, but can we? This episode, we partner with Radiolab to take stock of the essential raw materials...
The deal seemed too good to be true. There's a website that's been selling top quality diamonds at bizarrely low prices. Prices we couldn't find at an...
There's one statistic that rules them all when it comes to keeping track of the economy: gross domestic product (GDP). It's the sum of all final trans...
Note: This original episode ran in 2020.Walter Schramm did everything right as an investor — at least according to the philosophy of Warren Buffett. S...
Tupperware is the stealthy star of our modern homes. These plastic storage containers are ubiquitous in our fridges, pantries, and closets. But the or...
If you cut every single federal job President Donald Trump wants to cut, how much money would that save? A president has tried to massively shrink the...
In some ways, starting a bank is a lot like starting any other business. Who will you hire? Where will you be located? What color will the couches be?...
Memecoins are having a moment. Everyone from Hawk Tuah to President Donald Trump to animal influencers like Moo Deng the pygmy hippo have been turned...
What do Moo Deng the pygmy hippo, social media sensation Hawk Tuah, and the President of the United States all have in common? They've all inspired hi...
Last year, Tyson Foods shuttered a meat processing plant in Perry, Iowa. The company said it made the decision because the plant was old and inefficie...
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...
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...
There has been chaotic uncertainty around billions of dollars allocated by Congress. The Trump administration ordered a pause on — and review of — cer...
The trip that changed Tigran Gambaryan's life forever was supposed to be short — just a few days. When he flew to Nigeria in February of 2024, he didn...
The San Jose was a marvel of 17th century technology. The Spanish galleon weighed more than a thousand tons, was made of wood reinforced with iron, an...
Americans spend more on scratch lottery tickets per year than on pizza. More than all Coca-Cola products. Yet the scratch ticket as a consumer item ha...
On Monday, the stock market went into a tizzy over a new AI model from Chinese company DeepSeek. It seemed to be just as powerful as many of its Ameri...