Planet Moneys New Game Teaches Economics Through Cryptids
#Economics #BoardGamesPlanet Money's new board game Sell Me A Sasquatch turns George Akerlof's "Market for Lemons" into family fun, teaching asymmetric information and adverse selection through cryptid trading. Hidden Easter eggs include the Laffer Curve, Veblen, and Scabby the Rat. read more
AI tokens may become the new kilowatt-hour
#ArtificialIntelligence #EconomicsAI tokens may become the standard unit for measuring AI usage, like kilowatt-hours for electricity. Companies increasingly charge by tokens, while economists track them to study AI’s economic impact, revealing an "AI premium" in stock markets beyond tech. read more
Planet Money Summer School Goes Global
#Economics #SummerSchoolPlanet Money Summer School returns with a global tour of economic ideas. Episodes explore Australia’s water markets, New Zealand’s inflation targeting, Norway’s resource curse, and China’s overbuilding. New conversations unpack big ideas. read more
Falling Home Prices: Good News or Bad News
#HousingMarket #EconomicsFalling housing prices can be good when driven by increased supply, boosting renter affordability and economic growth, as in Denver. They’re bad when demand collapses due to economic distress, like Detroit, risking underwater mortgages and recession. read more
Trump's Controversial Policies Fuel Tensions Across Various Sectors
#Trumpadministration #economicsDonald Trump addresses a joint session of Congress. Trump administration detains Palestinian activist, sparking free speech concerns. Trump's tariffs prompt economic fears with US stock market drops, sparking talk of a 'Trumpcession' by economists. Ontario imposes surcharge on US energy exports in response to tariffs. read more
2024 Nobel Prize in Economic Sciences Announcement Set for Monday
#NobelPrize #EconomicsThe Nobel Prize in economic sciences 2024 winner is being announced live. Established in 1968, the prize is worth 11 million Swedish crowns and can be shared by up to three individuals. The prize recognizes contributions that benefit humankind. read more