Over the course of his campaign, President-elect Donald Trump made a lot of promises. What does that mean for the years ahead? Today we’re answering your questions about Trump’s second term. We’ll explain whether the Trump administration could actually eliminate the Department of Education, how income tax cuts for tips and overtime pay could impact the economy, and where the Biden administration’s student debt relief plans go from here. Plus, if not tariffs, then what? HereR...
Nov 14, 2024•12 min•Ep. 1285
President Biden’s hallmark Inflation Reduction Act set aside nearly $150 billion for various climate projects. But not all of that money has been spent, and President-elect Trump has vowed to take it back. The question, is how much money is leftover? Kimberly explains why it’s taken years to get the money out the door. Plus, we’ll unpack some gains in women’s sports and wage growth. Here’s everything we talked about today: “Carbon emissions from fossil fuels h...
Nov 13, 2024•16 min•Ep. 1284
COP29, the United Nations’ annual climate summit, is underway in Azerbaijan. This year’s conference is all about how the world will pay to deal with climate change. But Donald Trump’s election victory looms large over the talks. President-elect Trump could roll back United States climate policy like he did during his first term. On the show today, Gautam Jain, senior research scholar at Columbia University’s Center on Global Energy Policy, explains why climate investment won...
Nov 12, 2024•28 min•Ep. 1283
A new report estimates global damages from extreme weather events between 2014 and 2023 at about $2 trillion, roughly in line with the 2008 financial crisis. It comes as world leaders meet at the United Nations Climate Change Conference, or Cop29, under the shadow of President-elect Donald Trump’s promises to roll back environmental standards. We’ll get into what it all might mean for climate policy here at home. Plus, is economic growth abroad in Trump’s hands? Then, we’...
Nov 12, 2024•20 min•Ep. 1282
The richest man in the world just became even more influential after pouring millions into former President Donald Trump’s reelection campaign. Tesla shares soared after Trump’s win and CEO Elon Musk was already invited to join a call with Ukrainian President Volodymyr Zelenskyy. We’ll get into what the cozy relationship between Trump and Musk could mean for the U.S. economy and national security. And, we’ll talk about the many Americans who are looking to move abroad in ...
Nov 09, 2024•28 min•Ep. 1281
Today we’re handing the microphone over to our listeners to tell us how they’re reacting to the outcome of this week’s presidential election. We’ll hear their concerns about the future of transgender health care, the long-term economic impact of a second Trump presidency and why — even though it can be daunting — we can all make change if we start in our local communities. Plus, is this our Brexit moment? Here’s everything we talked about today: “Want to prote...
Nov 07, 2024•15 min•Ep. 1280
The Democratic Party has traditionally been pro-union and relied on the support of the working class. But the results of yesterday’s election show the tide may be turning. We’ll get into how President-elect Trump enamored these voters to win another term in the White House and how we can expect a new Trump administration to shake up the economy and defy democratic norms. Plus, we’ll talk about some of the trailblazers elected to Congress and state offices. Here’s everythi...
Nov 06, 2024•15 min•Ep. 1279
Today we’re talking about a breakout story of this election cycle: the rise of prediction markets and betting on elections. For the first time in a century, Americans can legally place bets on election outcomes using a platform called Kalshi. But the Commodity Futures Trading Commission warns that these markets could warp the public’s understanding of our elections if they’re treated like polls. On this Election Day episode, Cantrell Dumas of Better Markets, a financial reform advoca...
Nov 06, 2024•22 min•Ep. 1278
Live near a yoga studio? What about a golf course? Americans may experience the economy differently based on the politics of the neighborhoods they live in. We’ll dig into new data on the relationship between political affiliation and the businesses around us. Then, we’ll talk about a new revelation in the lawsuit against Elon Musk over his controversial $1 million-a-day voter sweepstakes. Plus, on this Election Day eve, we’re smiling about early turnout. Here’s everythin...
Nov 05, 2024•9 min•Ep. 1277
Campaigns for both Vice President Kamala Harris and former President Donald Trump are trying to get ahead of the curve on election legal battles. According to The Hill, there are already over 200 voting and election cases pending across the country. We’ll get into it. Then, we’ll explain how Trump’s recent battles with CBS and ABC could signal his intention to punish broadcasters if reelected. And, how do you feel about rolling back our clocks as daylight saving time ends? That...
Nov 02, 2024•22 min•Ep. 1276
This Halloween, we’re looking at some new inflation data that’s got the Federal Reserve in good spirits. Its preferred inflation measure shows inflation fell to 2.1% last month, moving ever-so-closer to the Fed’s 2% target. We’ll get into why core inflation complicates the Fed’s good news. And, we’ll unpack why some Meta investors were spooked when CEO Mark Zuckerberg said the company will amp up its artificial intelligence spending. Plus, Starbucks is getting a brand mak...
Oct 31, 2024•12 min•Ep. 1275
Tech companies like Google and Meta have been pouring billions into artificial intelligence. But investors have been waiting for those investments to pay off. We’ll get into what the latest earnings report from Google’s parent company signals about AI’s money-making potential. And, American companies are responding to former President Trump’s tariff promises by preparing to raise prices. Plus, guest host Matt Levin makes us smile about the Los Angeles Dodgers’ World...
Oct 30, 2024•11 min•Ep. 1274
Today we’re sharing an excerpt from our live show at WBUR CitySpace in Boston featuring our special guest, historian Heather Cox Richardson. (Check out the first part of our live show here .) Richardson, a professor at Boston College, talked with us about the high stakes of this year’s election, how the economy is woven into political narratives, and what we can do to protect the health of our democracy. Plus, she shares what she had wrong about hummingbirds. Where should “Make Me Sm...
Oct 29, 2024•42 min•Ep. 1273
News outlets aren’t mincing words about the offensive and racist remarks featured at former President Donald Trump’s rally in New York’s Madison Square Garden on Sunday. We’ll talk about the media backlash to the event, which was intended to be a part of Trump’s closing argument against Vice President Kamala Harris. Then, we discuss reports of ballot drop boxes on fire and give tips on how to ride out the last few days before Election Day. Plus, a story that has us ...
Oct 28, 2024•9 min•Ep. 1272
Kai and Kimberly host our weekly happy hour episode, “Economics on Tap,” live from the stage of WBUR CitySpace in Boston. We’ll dive into the biggest headlines making waves this week while sipping on our favorite drinks. Plus, Drew joins the stage to host a round of our favorite game, Half Full/Half Empty! Here’s everything we talked about today: “‘Washington Post’ won’t endorse in White House race for first time since 1980s” from NPR “...
Oct 26, 2024•37 min•Ep. 1271
Hey Smarties! We’re on the road to Boston for a live taping of “Make Me Smart” with special guest, historian Heather Cox Richardson. So today we’re bringing you an episode from the latest season of “How We Survive,” Marketplace’s climate solutions podcast. In this episode, Kai Ryssdal and the “How We Survive” team head to the very, very top of Alaska to understand how climate change and national security are converging in the Arctic. Want to join Kai Rys...
Oct 24, 2024•34 min•Ep. 1270
As Election Day looms closer, the emails and texts from campaigns pleading for money continue to flood voters’ inboxes. A CNN investigation found that some of these tactics have misled elderly Americans into giving away millions of dollars. We’ll get into the financial consequences of aggressive campaign fundraising strategies. Then, we’ll discuss how Republican pundits are responding to former President Donald Trump’s shocking statements about military affairs. And, we&#...
Oct 23, 2024•11 min•Ep. 1269
In the weeks after Hurricanes Helene and Milton hit the Southeast, the price to rebuild has become a topic of contention in the home insurance market. For years, home insurers have identified climate change as a threat, cut coverage and increased premiums for properties in disaster-prone areas. But now, home insurers are also using new technologies such as drone footage and artificial intelligence to identify other high-risk areas in urban and suburban neighborhoods. Then, we’ll get into w...
Oct 22, 2024•31 min•Ep. 1268
Across the country, pharmacies big and small are closing. The closures have disproportionately affected rural and low-income communities, leaving residents with limited access to prescription drugs and creating so-called “pharmacy deserts.” We’ll discuss a New York Times investigation about the middlemen driving pharmacies out of business. Plus, should the American Dream be a townhouse? And, introducing the real “househusbands” of Wall Street. Here’s everything we talked about ...
Oct 21, 2024•20 min•Ep. 1267
New research from the Federal Reserve shows that wealthier Americans are driving retail spending while lower-income Americans have been squeezed by higher prices. We’ll discuss how this disparity could help explain the United States’ often unexpectedly strong consumer economy, and what the Birkin bag side of TikTok can tell us about this divide. And, Cuba is enduring a nationwide power outage. We’ll explain how a grid failure today has left millions in the dark. Plus, we’ll pla...
Oct 19, 2024•27 min•Ep. 1266
Companies in the United States spend billions in political donations each election cycle with the aim of gaining more influence in government. But all that spending comes with risks. We’ll get into it. And, we’ll explain why many Americans impacted by recent hurricanes will have to wait for disaster assistance from the Small Business Administration and how former President Trump’s plans for mass deportations could send shockwaves through our nation’s food supply chain. Plus, why are tech c...
Oct 17, 2024•11 min•Ep. 1265
Vice President Kamala Harris has been sitting down with popular podcasts like the “The Breakfast Club,” Call Her Daddy,” and The Howard Stern Show. We’ll get into what the campaign strategy can tell us about voters, our fragmented media environment and the future of news. Plus, lower interest rates mean the end of a golden period for savers. And, the return of panda diplomacy and a new life for a beloved maple tree. Here’s everything we talked about today: “Ha...
Oct 16, 2024•11 min•Ep. 1264
Today we’re talking about a key piece of the global transition to renewable energy: metals. Specifically, metals like copper, lithium and cobalt that we need to build wind turbines, electric vehicles and to improve our energy grid. Vince Beiser, author of the forthcoming book “Power Metal: The Race for the Resources That Will Shape the Future,” said we’ll need hundreds of millions more tons of these metals. But mining them comes at a cost. On the show today, Beiser explains the...
Oct 15, 2024•34 min•Ep. 1263
Federal Emergency Management Agency crews working hurricane recovery efforts paused aid in parts of North Carolina over the weekend after threats were made against workers and an armed suspect was arrested. We talk about the rise of misinformation around FEMA’s response to Hurricanes Helene and Milton, including falsehoods pushed by former President Donald Trump. And, we discuss an atmosphere of political violence as Trump urges using the military on Election Day. Plus, are we one step clo...
Oct 15, 2024•13 min•Ep. 1262
This week, more than a dozen states came together to sue TikTok over the social media app’s effects on young users. Now, a report by NPR and Kentucky Public Radio shows executives at the company were well aware of the harms to teens. We’ll get into it. Plus, is the cost of rebuilding after a natural disaster becoming a luxury few can afford? And, would you wear pajama pants to school or work? That and more in a round of Half Full/Half Empty. Here’s everything we talked about to...
Oct 12, 2024•22 min•Ep. 1261
Oct 10, 2024•20 min•Ep. 1260
Total damages from Hurricane Helene in the United States could cost $250 billion. But only a small fraction of homeowners have flood insurance. As another major hurricane looms, we’ll unpack why coverage is becoming so expensive that many Americans choose to go without. Plus, some news you can use about communicating during an emergency, and how zoo workers and animals ride out big storms. Here’s everything we talked about today: “Kamala Harris Has Raised $1 Billion Since Enter...
Oct 09, 2024•13 min•Ep. 1259
Almost half of adults in the U.S. are single. But so many of our economic policies and financial systems, from homeownership to retirement planning, cater to couples. Today’s episode is an excerpt from a Marketplace live show in Denver, hosted by “Make Me Smart” co-host Kimberly Adams, on the economics of being single. Kimberly is joined by a panel of experts who break down the financial challenges (and perks) of living the single life, and the power of pushing back against the...
Oct 08, 2024•45 min•Ep. 1258
Since the start of the Israel-Hamas war a year ago, the U.S. has spent at record $17.9 billion on military aid to Israel — more than any other year since this aid started. This adds to the already heavy human toll of the conflict. We’ll discuss the mounting costs of war. Plus, Anthony Fauci’s new warning about a mosquito-borne illness. And, is the pumpkin spice tax real? Here’s everything we talked about today: “Anthony Fauci: A Mosquito in My Backyard Made Me the Sickest...
Oct 07, 2024•13 min•Ep. 1257
The jobs report released today blew past economists’ forecasts, estimating that employers added about 250,000 jobs to the U.S. economy in September. Republican Sen. Marco Rubio is falsely claiming the jobs report is “fake.” We’ll get into how big economic data is being politicized. And, what happens when October surprises aren’t so surprising anymore? Plus, we’ll weigh in on “white labeling” and flying taxis during a round of Half Full / Half Empty...
Oct 05, 2024•29 min•Ep. 1256