Planet Money Summer School
NPR
Economics is a game you should know how to play. And once you get the fundamental concepts, you start to see it everywhere: the news, the supermarket and even your dating life. So it's time to learn the rules. Planet Money Summer School is a crash course in economics for your ears. See the world through the lens of an economist and you'll start to feel a little less overwhelmed when making financial decisions. And if you're in front of the classroom? Teachers, this is made for you, too. Let us be your breezy and fun companion to assigned readings. We'll even assign the homework (and spare you the groans). Go beyond summer school and stay up-to-date on the economy with the latest episodes of the Planet Money podcast.Got money on your mind? Try Planet Money+ — a new way to support the show you love, get a sponsor-free feed of the podcast, *and* get access to bonus content. A subscription also gets you access to The Indicator and Planet Money Summer School, both without interruptions.
- 30 minutes 48 secondsGovt 8: Graduation LIVE!Get your own personalized summer school diploma here.
Today on our final episode of Summer School 2025, we will test your knowledge. We will salute the unsung heroes of government service. And we will pick our valedictorian from among you of the class of 2025.
Editorial Note:
President Trump attempted to fire Lisa Cook, a Biden appointee to the Federal Reserve Board. Our daily podcast, The Indicator, has coverage on their latest episode. We’ll have an episode in the Planet Money feed soon, in the meantime, here’s some background listening on why this is so important.
Years before she joined the Fed, we profiled the work of Lisa Cook. Listen here.
Also these:
Happy Fed Independence Day
A primer on the Federal Reserve's independence
The case for Fed independence in the Nixon tapes
Turkey's runaway inflation problem
Arthur Burns: shorthand for Fed failure?
Should presidents have more of a say in interest rates?
Can the Federal Reserve stay independent?
It's hard out there for a Fed chair
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
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NPR Privacy Policy27 August 2025, 7:00 am - 39 minutes 21 secondsGovt 7: Trade blocks and blockages (Trade Policy)Find all episodes of Planet Money Summer School here.
Tariffs are the favorite tool of our current president, but there are lots of other ways that governments insert themselves into the free exchange of goods and services. Some of these trade barriers are so insidious and have been going on for so long that it may surprise you that they even exist.
We bring you the classic story of what happens when you try to protect an American industry and end up hurting another American industry. Well intentioned plans turn into trade barriers that make our lives more expensive.
Check out our Summer School video cheat sheet TikTok.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
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NPR Privacy Policy20 August 2025, 7:00 am - 36 minutes 10 secondsGovt 6: When the markets need fixing (Market Design)In economics, a market is a place (even virtual) where buyers and sellers interact to exchange goods or services. Economists love markets. It's like all of our supply and demand graphs have come to life. Everything you buy goes through some sort of marketplace—your cup of coffee came from trading in the bean markets. Your spouse might have come from the dating marketplace on the apps. Even kids will tell you one Snickers is worth at least two Twix.
But sometimes, as we'll see today, markets can go terribly wrong; greed can run out of control; lives can be at risk. That's when the government often steps in and gives the market a little nudge to work better.
Today's episode: Market Design.
Check out our Summer School video cheat sheet on the origins of money at the Planet Money TikTok.
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
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NPR Privacy Policy13 August 2025, 7:00 am - 36 minutes 21 secondsGovt 5: The many ways governments influence industry (Industrial Policy)LIVE SHOW: August 18th in Brooklyn. Tickets here.
Traditional economics says the market is guided by the forces of supply and demand. Customers decide what they want to buy, and private enterprise responds to that need.
So what makes government think that it's smarter than capitalism? Why offer tax breaks to Hollywood or incentives to build silicon chip factories in Arizona? Why those industries and not others? And when does the free market fail and need government to step in?
Today, we discuss what happens when the government really wants to get its hands dirty and shape the direction of the economy, even decide which companies should prosper and which ones should fail, through industrial policy.
Check out our Summer School video cheat sheet on the origins of money at the Planet Money TikTok.
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
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NPR Privacy Policy6 August 2025, 7:00 am - 35 minutes 56 secondsGovt 4: Our National Rulemaker (Regulations)LIVE SHOW: August 18th in Brooklyn. Tickets here. (Planet Money+ supporters get a 10 percent discount off their tickets. Listen to the July 8th bonus episode to get the discount code!)
There are occasional incentives in business that make it very profitable to do bad things; maybe cheat at the game and steal other people's ideas, or cut some corners on safety. In theory, the government as referee steps in to make the rules and enforce them, and manage competition in a way that hopefully makes things better for us all.
But you have to ask... When is the government protecting you and when is it protecting the already rich and powerful?
We'll meet a man trying to corner the market for frozen meat, with the help of patents. And then we'll head to the salon, and ask — Should the government really require dozens of hours of training for a license to braid hair?
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
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NPR Privacy Policy30 July 2025, 7:00 am - 36 minutes 38 secondsGovt 3: You are what you pay for (Budgets)Although it seems like the government can spend an endless amount of money, it cannot actually do all the things it wants to do. So the big question in this week's lesson is: How do we decide? Why does the government spend so much money on some things and not on others? And honestly, is there any limit?
Get tickets to our August 18th live show and graduation ceremony at The Bell House, in Brooklyn. (Planet Money+ supporters get a 10 percent discount off their tickets. Listen to the July 8th bonus episode to get the discount code!)
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy23 July 2025, 7:00 am - 2 minutes 1 secondCongress has voted to eliminate government funding for public mediaAct now to ensure public media remains free and accessible to all. Your donation will help this essential American service survive and thrive. Visit donate.npr.org now.
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NPR Privacy Policy18 July 2025, 1:06 pm - 37 minutes 10 secondsGovt 2: How taxes change behavior and the economy (Taxes)We all know the government uses taxes to pay for things. But what about using taxes to control behavior? This week on Summer School, Professor Darrick Hamilton of The New School, helps us explore the true power of the tax code. Can taxes help lift people out of poverty? What about saving the planet?
Get tickets to our August 18th live show and graduation ceremony at The Bell House, in Brooklyn. (Planet Money+ supporters get a 10 percent discount off their tickets. Listen to the July 8th bonus episode to get the discount code!)
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford and Sierra Juarez.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
Find more Planet Money: Facebook / Instagram / TikTok / Our weekly Newsletter.
Learn more about sponsor message choices: podcastchoices.com/adchoices
NPR Privacy Policy16 July 2025, 7:00 am - 35 minutes 46 secondsGovt 1: Why Are Some Countries Rich and Some Countries Poor? (Institutions)Government. The Big G. We like to imagine the free market and the invisible hand as being independent from political influence. But Nobel laureate, Simon Johnson, says that influence has been there since the birth of economics. Call it political economy. Call it government and business. Call it our big topic each Wednesday through Labor Day.
We're kicking off another semester of Planet Money Summer School asking the biggest question: Why are some nations rich and others poor? With stories from India, New York City and Peru, we look at the ways in which government bureaucracy can help make or break an economy.
Tickets for Planet Money Live at the Bell House available here
Planet Money+ supporters get a 10 percent discount off their tickets. Go to Plus.npr.org to sign up, if you haven't already, and listen to the July 8th bonus episode to get the discount code.
The series is hosted by Robert Smith and produced by Eric Mennel. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Emily Crawford and Sierra Juarez. Engineering by Neal Rausch.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
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NPR Privacy Policy9 July 2025, 7:05 am - 32 minutes 48 secondsHistory 8: Big ideas and life lessons from Marx, Keynes and Smith and moreTake the 2024 Planet Money Summer School Quiz here to earn your personalized diploma!
Find all the episodes from this season of Summer School here. And past seasons here. And follow along on TikTok here for video Summer School.
We are assembled here on the lawn of Planet Money University for the greatest graduation in history – because it features the greatest economic minds in history. We'll hear from Adam Smith, Karl Marx, John Maynard Keynes, and some surprising guests as they teach us a little bit more economics, and offer a lot of life advice.
But first, we have to wrap up our (somewhat) complete economic history of the world. We'll catch up on the last fifty years or so of human achievement and ask ourselves, has economics made life better for us all?
This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
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NPR Privacy Policy28 August 2024, 9:38 pm - 35 minutes 29 secondsHistory 7: The Great Depression, the New Deal and how it changed our economyFind all the episodes from this season here. And past seasons here. And follow along on TikTok here for video Summer School.
When we last left the United States of America in our economic telling of history, it was the early 1900s and the country's leaders were starting to feel like they had the economic situation all figured out. Flash forward a decade or so, and the financial picture was still looking pretty good as America emerged from the first World War.
But then, everything came crashing down with the stock market collapse of 1929. Businesses closed, banks collapsed, one in four people was unemployed, families couldn't make rent, the economy was broken. And this was happening all over the world. Today we'll look at how leaders around the globe intervened to turn the international economy around, and in the process, how the Great Depression rapidly transformed the relationship between government and business forever.
This series is hosted by Robert Smith and produced by Audrey Dilling. Our project manager is Devin Mellor. This episode was edited by Planet Money Executive Producer Alex Goldmark and fact-checked by Sofia Shchukina.
Help support Planet Money and hear our bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.
Always free at these links: Apple Podcasts, Spotify, the NPR app or anywhere you get podcasts.
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NPR Privacy Policy21 August 2024, 9:48 pm - More Episodes? Get the App