The Indicator from Planet Money
NPR
A little show about big ideas — economics in 10 minutes a day.
Recent episodes
Polymarket bots, lithium found: lots!, marathon shoe thoughts
May 1, 2026It’s Indicators of the Week (now on YouTube !). It’s our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: who wins and loses their Polymarket bets , an American lithium motherlode, and the economics of lightweight running shoes. Related episodes: The race to produce lithium Advanced Fairness At The Marathon For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org . Fact-checking b
8m 55s
The UAE wants a dollar lifeline
Apr 30, 2026With the Iran War underway, the United Arab Emirates is looking for some economic certainty. The rich Arab nation is home to a lot of foreign-held deposits, and they’re worried investors will pull those funds. So, they’re looking for an economic backstop. Enter: currency swap lines. Today, we explain why the UAE is looking to its close ally, the U.S., for a currency swap line and how it would work. The Indicator has a weekly newsletter! Be among the first to sign up now: npr.org/indicatornewslet
8m 34s
The new economic arms race
Apr 29, 2026Iran’s weaponization of the Strait of Hormuz is the perfect example of how modern warfare is increasingly waged, not only with drones and bombs, but also through the weaponization of economic choke points. Today on the show, we talk to author Edward Fishman, who says the U.S. innovated a new kind of economic warfare a couple of decades ago, and that has sparked a new economic arms race. Edward Fishman’s book is “ Chokepoints: American Power in the Age of Economic Warfare ”. The Indicator has a w
9m 20s
Jan. 6ers already got pardoned. Will they get their money back too?
Apr 28, 2026In 2025, President Trump pardoned more than 1,500 of the Jan.6 rioters who ransacked the U.S. Capitol in an attempt to overturn the results of the 2020 election. In addition to being convicted of crimes, many of the Jan. 6ers paid fines, the bulk of which went toward repairing the damage to the Capitol. After being pardoned, some of them want their money back. Today on the show, are they entitled to get those fines refunded? The Indicator has a weekly newsletter! Be among the first and sign-up n
8m 39s
Premium and affordable products are having a moment
Apr 27, 2026It’s the Beigie awards! Our less than ten times a year salute to the art and science of telling stories about the economy. Today on the show, Kevin Dancy, vice president and regional executive at the Federal Reserve Bank of Atlanta, lays out a worrying consumer trend that’s affecting how retailers do business. Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com/#tour The Indicator has a weekly newsletter! Be among the first and sign-up now: npr.org/indicator
8m 21s
The Devil Wears Prada Index, SNAP, and flight cancellations
Apr 24, 2026It’s Indicators of the Week, our weekly look at some of the most fascinating numbers from the news! And unlike florals for spring, these numbers ARE groundbreaking. On today’s episode: A dramatic SNAP decrease, fuel costs ground flights, and the Devil Wears Wages Increasing Slightly Faster Than A Small Sample Of Luxury Items! The Indicator has a weekly newsletter! Be among the first and sign-up now: npr.org/indicatornewsletter Related episodes: After the shutdown, SNAP will still be in trouble H
9m 22s
How to get your tariff cash back
Apr 23, 2026Businesses might finally see some tariff money refunded to them. That’s because this week, the federal government officially rolled out a process that allows businesses to apply for a refund. Today on the show, we speak with three business owners about the unexpected simplicity and frustration of the Trump tariff refund process. Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com/#tour The Indicator has a weekly newsletter! Be among the first and sign-up now
9m 26s
The Iran war puts the petrodollar regime to the test
Apr 22, 2026The global oil market has supported the U.S. dollar for more than 50 years. But the system has shown signs of cracking. Amidst the Iran war, Iran has reportedly been collecting some tolls in yuan. Today on the show, how the petrodollar regime came to be and what losing it would mean for the U.S. Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com/#tour The Indicator has a weekly newsletter! Be among the first and sign-up now: npr.org/indicatornewsletter Rela
9m 11s
Corporate landlords aren't the real villain
Apr 21, 2026So you want to buy a house. You MIGHT notice that the owner isn’t a neighbor in your town, but a large corporation. A recent housing bill that passed the Senate wants to change that. This bill would restrict large institutional investors from owning too many single family homes. The hope is to improve affordability. But what’s the real connection between housing affordability and corporate landlords? We look at the evidence. Come see Planet Money live on stage! 12 cities. Details and tix here: p
8m 39s
Is anyone gonna do anything about these Iran War trades?
Apr 20, 2026Traders have made millions betting on the Iran War. They are also suspiciously timed. No public information, then boom: a Truth Social post from President Trump. Cue fat windfalls for the traders. It’s starting to look a lot like insider trading. On today’s show, suspicious bets on the Iran War. And are federal regulators or prosecutors looking into these trades … is anyone? Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com/#tour Related episodes: Did Trum
9m 11s
Fed chair, health care, and AI shoe repair
Apr 17, 2026It’s Indicators of the Week. Our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: the drama behind the Fed Chair nominee’s wealth; the shoe company Allbirds is becoming an AI firm; and a drop in how many people are paying for their Affordable Care Act plans. The Indicator is launching a newsletter! Be among the first and sign-up now: npr.org/indicatornewsletter Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com
9m 25s
Fixing the oil crisis might not fix the Persian Gulf
Apr 16, 2026If the Strait of Hormuz completely reopens, it still might not be enough to restart the economies in the Persian Gulf. Many countries there have been hammered by the oil crisis. And although allowing ships through would stanch the immediate bloodletting in the energy sector, other sectors might not spring back so quickly. Tourists are visiting less. Property markets are at risk. On today’s show, we survey the economic damage to countries in the Gulf. And try to get a sense of the long-term econo
8m 58s
Think the oil shock is bad in the US? Look here
Apr 15, 2026Shipping through the Strait of Hormuz is pretty slow right now. A once steady stream of global oil has been severed, and oil prices have shot into the stratosphere. Countries across the world are trying to stop the bleeding. One is counting down the days until it runs out of oil. Another is … just fine. On today’s show, we take stock of how three countries, New Zealand, Zimbabwe, and China, are navigating the oil crisis. The Indicator is launching a newsletter! The very first email goes out this
10m 9s
How the workplace helps you win Survivor
Apr 14, 2026With the 50th season of Survivor underway, three former Survivor winners tell us how some of the skills they learned in their careers helped them win the show. There’s game theory, social engineering, and learning how to get along with a group of castaways who have a $1 million incentive to vote you off the island. Come see Planet Money live on stage! Twelve cities. Details and tix here: planetmoneybook.com/#tour Related episodes: Teamwork actually does make the dream work The game theory that l
8m 24s
Can you really do what you love?
Apr 13, 2026They say do what you love and you’ll never work a day in your life. But c’mon. Is that possible in this day and age? On today’s show, we speak to a tech investor who tells us the ingredients he believes are needed to make passion pay. And we hear from an economist who’s run the numbers on luck. Bill Gurley’s book is Runnin’ Down a Dream: How to Thrive in a Career You Actually Love . Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com/#tour Related episodes:
9m 50s
Class myths, an influx of e-ships, and pricey Olympics tix!
Apr 10, 2026It’s Indicators of the Week, our weekly look at some of the most fascinating numbers from the news. (Now on YouTube !) On today’s episode: Is the middle class actually hollowing out ? Are more e-ships powered by batteries on the horizon? And how much are the first batch of L.A. Olympics tickets going for??? Related episodes: Why the Olympics cost so much The Indicator Takes On Batteries Are the Simpsons still middle class? For sponsor-free episodes of The Indicator from Planet Money, subscribe t
9m 29s
Where AI data centers are reducing power bills
Apr 9, 2026Over the last half decade, wholesale electricity prices have increased 267% in places close to data centers. That’s contributed to a backlash against new ones. But some experts believe data centers are a scapegoat for long-term issues with an aging U.S. grid. Today on the show, we ask who is responsible for rising electricity prices and whether the U.S. can handle a new era of grid growth. Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com/#tour Related epi
8m 3s
How are drivers riding out the gas crisis?
Apr 8, 2026Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com If you’re a commuter, gas prices may not be your friend right now. The average cost of a gallon is more than $4 across the country. California’s average is close to $6. So how are drivers around the country responding? Today on the show, we hear how they’re adapting to higher prices and how much this gas price increase could cost Americans over the year. Related episodes: Will Trump’s shipping insurance pla
9m 9s
Why infinite scroll's inventor wants to kill his creation
Apr 7, 2026We practically live on our phones these days. Scrolling and scrolling, endlessly. Entrepreneur Aza Raskin is responsible for creating this infinite scroll. He also testified against Meta, who have been under fire — and in court — charged with making their apps addictive to children. On today’s show: Raskin tells us about the changes he thinks platforms should make to help people take their attention back. Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com R
9m 28s
Is the economy red, orange, yellow or green?
Apr 6, 2026Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com It’s not often you get to talk to a regional Fed president, let alone two at the same time! Today on the show, we take the temperature of the economy with regional Fed presidents Austan Goolsbee and Beth Hammack. Related episodes: One Fed battle after another America's next top Fed Chair For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.np
9m 23s
Jobs that new college grads are and are not landing
Apr 3, 2026Come see Planet Money live on stage! 12 cities. Details and tix here: planetmoneybook.com Economists have described the state of the jobs market as “low hire, low fire.” That means employers are not cutting many jobs, but they're also not adding much either, a dismal prospect for many new college grads. On this edition of Jobs Friday, we go to Howard University in Washington, D.C. to see how graduating seniors are faring. Related episodes: Just how bad are these jobs numbers? Do I need a four-ye
8m 40s
Greetings from: Our favorite public goods
Apr 2, 2026Freedom of the Seas. GPS. The Large Hadron Collider. These are all public goods that make our world more prosperous, accurate, and knowledgeable. But we don’t always give them the attention they deserve. Today on the show, the Planet Money book’s main author Alex Mayyasi joins us to take an audio world tour of spectacular public goods, one whimsical postcard at a time. These postcards are gorgeously illustrated in the Planet Money book . Come see Planet Money live on stage in April! 12 cities. D
6m 52s
Why Pokémon cards are growing faster than your retirement account
Apr 1, 2026Pokémon cards are scorching hot right now. An index tracking the thousands of rare cards shows that valuations have increased 170% in the last year alone. Growth like that really makes you wish you hadn’t given away all your childhood cards years ago. Today on the show, we cover three things that are contributing to the rapid growth of shiny cards produced by the world’s highest-grossing media franchise. Come see Planet Money live on stage in April! 12 cities. Details and tix here: https://tix.t
9m 12s
Who's afraid of private credit?
Mar 31, 2026There is a $3 trillion dollar black box at the center of the economy. It’s called private credit. These are direct loans from private investors to private companies. They’re often riskier, less regulated than traditional bank loans – and far less transparent. Spooked investors are scrambling to cash out, and some funds aren’t letting them. It’s all fueling fears of another financial crisis. On today’s show, the private credit exodus. Come see Planet Money live on stage in April! 12 cities. Detai
9m 28s
Do school lunches really need an overhaul?
Mar 30, 2026School lunch has been revamped a ton over the last two decades. Now, the Trump administration wants to rejigger the menu once more to align with its Make America Healthy Again agenda. That means more meat. More dairy. But do schools really need another menu overhaul? And could they even afford it? On today’s show, we join a school lunch line in South Carolina to find out what kids are actually eating. Come see Planet Money live on stage in April! Twelve cities. Details and tix here: https://tix.
9m 4s
The US loses tech hires, sayonora to Sora, and Afroman's win
Mar 27, 2026It’s Indicators of the Week (now on YouTube !). It’s our weekly look at some of the most fascinating economic numbers from the news. On today’s episode: The US ain’t doing too hot in attracting European tech workers ; OpenAI takes its video generator Sora behind the barn; and a rapper, pound cake, and the police. Related episodes: OpenAI's deals are looking a little frothy We're about to lose a lot of foreign STEM workers For sponsor-free episodes of The Indicator from Planet Money, subscribe to
9m 22s
Tracing the tax that's supposed to fund TSA
Mar 26, 2026Every time you buy a ticket that leaves a U.S. airport, you pay a fee that’s supposed to help fund the TSA. So why have TSA workers been working without pay? Today on the show, we explore the history behind an earmarked tax and its very personal impacts. Come see Planet Money live on stage in April! 12 cities. Details and tix here: https://tix.to/pm-book-tour . Related episodes: Your next flight doesn't have to be so expensive. Here's why How flying got so bad (or did it?) For sponsor-free episo
8m 8s
Your next flight doesn't have to be so expensive. Here's why
Mar 25, 2026Why are flight tickets so expensive right now? Increased oil prices seems like it’d be the obvious answer. That’s mostly right. Airlines used to do some financial magic to help keep airfare down as oil prices increased, a strategy called “fuel hedging.” But they stopped. And now fliers are on the hook for a lot of the difference. On today’s show, the lost art of fuel hedging. How it worked, plus why airlines stopped doing it. Come see Planet Money live on stage in April! 12 cities. Details and t
9m 25s
Why hasn't the Russian economy collapsed?
Mar 24, 2026How has Russia’s economy not completely collapsed after four years of war, sanctions and billions in debt? One economist says it is the war that has been propping up Russia's economy, not the other way around. He calls it smertonomika or death economics. On today’s show, six reasons why Russia’s economy is still chugging along despite burning money by the billions waging war on Ukraine. Come see Planet Money live on stage in April! 12 cities. Details and tix here: https://tix.to/pm-book-tour . R
9m 31s
The multimillion dollar Saturday Night Live UK gamble
Mar 23, 2026Live from London, it’s Saturday Night? Saturday Night Live made its UK debut over the weekend after a well-hyped promotional campaign. Will this all-American sketch show translate to British audiences? We examine SNL’s multi-million dollar gamble. Come see Planet Money live on stage in April! 12 cities. Details and tix here: https://tix.to/pm-book-tour . Related episodes: Why Paramount went looney tunes for Warner Bros. For sponsor-free episodes of The Indicator from Planet Money, subscribe to P
9m 30s