World Tour 1: Finding the world’s best economic ideas

Come along as we travel the world in search of the best economic ideas to bring home! From the beaches of Barbuda to the fjords of Norway, there's money (and money problems) everywhere. For this summer travel season, Planet Money Summer School will take you on a world tour for your ears. Pack that sense of wonder and nose for adventure, this is our semester abroad. We’re going to explore exotic locales and discover cultural norms, but we’re also going to buckle down and learn the biggest economic lessons around the world from our guides. We start as far away as you can get from Planet Money headquarters, New Zealand and Australia. We’ll visit a sheep farm to observe an innovative but controversial market for the most important substance on earth, and we’ll ask when do speculators help and when do they hurt the rest of us? Then, we’ll get to know the economist – and jazz musician – who changed how the entire world fights inflation when he released a secret number to tame the dreaded wild beast. How did that work? Spoiler: it was *the* great leap forward in economic mind tricks. Featured Episodes: - Liquid Markets (2021) - The Secret Target (2018) Featured Terms: - Multiple equilibria - Inflation targeting - Speculators (impact on liquidity) *Support:* - Planet Money+ *Read:*  - Our book: Planet Money: A Guide to the Economic Forces That Shape Your Life (Audiobook here) - Our weekly longform Planet Money newsletter - Our weekly Indicator link round-up newsletter *Follow:*  - Instagram - TikTok - YouTube - Facebook *This episode of Planet Money Summer School is hosted by Robert Smith. It was produced by Sophia Paliza-Carre, fact-checked by Sierra Juarez, and engineered by Annlie Huang with help from Robert Rodriguez.* See pcm.adswizz.com for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences. NPR Privacy Policy