As oil prices drop, consider this!

Make Me Smart

Marketplace

News, Business

4.6 • 5.4K Ratings

🗓️ 27 July 2022

⏱️ 14 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today Kai Ryssdal and guest host Samantha Fields answer questions from listeners about negative GDP growth and how the global helium shortage will affect the balloon market. Plus, how to *not* handle an inflation crisis, carnival revenue sharing and some big thoughts on whether the decreasing cost of oil is good news or bad news.

Here’s everything we talked about on the show today:

This definition of negative growth from Investopedia
This graph from the WorldBank showing U.S. GDP since the 1960s
“With helium in short supply, scientists are worried” from Marketplace
“The ongoing problems of the helium shortage” from Peak Scientific
“Helium shortage grounds weather balloons in Denver” from 9News
“5 things to know about the inflation crisis during the ’70s” from Marketplace
“Gerald Ford responded to an inflation crisis with a voluntary public campaign. It was a disaster.” from The Washington Post

Got a question you’d like us to answer? Email us at [email protected] or leave us a voice message at (508) 827-6278 or (508) U-B-SMART.

Transcript

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0:00.0	All right, let's go.
0:01.0	Let's go.
0:02.0	Why are we sitting around?
0:03.0	Why in the name of all that is home?
0:06.0	Everybody, I'm Kyle Rizzo.
0:09.0	Welcome back to Make Me Smart, where we make today, which is Wednesday, makes sense.
0:14.0	I'm Samantha Fields in for Kimberly Adams.
0:17.0	Thank you for joining us for What Do You Want to Know Wednesday, where we answer the questions
0:21.0	that you, the listeners of this podcast, send to us.
0:25.0	So your question is about the economy, business, technology.
0:29.0	Take your pick.
0:30.0	Email us, makemesmart at marketplace.org, or leave us a voice mail.
0:33.0	Our number for that is 508UB Smart.
0:37.0	And first up today, we have a caller who wants some clarification.
0:41.0	Hey, this is Jay Cohen from Minneapolis, Minnesota.
0:44.0	And my question is, when we talk about negative economic growth, negative GDP growth,
0:50.0	are we talking about a graph that has turned and is inward?
0:55.0	Or are we talking about a growth rate that is declining?
0:59.0	The slope is still up, but the slope has gotten less steep.
1:05.0	Thanks.
1:06.0	Well, I mean, so yes is the answer to that one.
1:12.0	And I know that's not a satisfying answer.
	...

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