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Marketplace All-in-One

From “Million Bazillion”: What’s a recession?

Marketplace All-in-One

Marketplace

News, Business

4.51.4K Ratings

🗓️ 5 January 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

Hey Smarties! Today we’re sharing an episode from “Million Bazillion,” a Marketplace podcast that answers kids’ questions about money. This episode tackles a question many of you might have too: What’s a recession? To get to the bottom of it, hosts Bridget and Ryan take an adventure-filled trip to the Federal Reserve, where they bump into Fed Chair Jerome Powell (who might sound a bit like Kai Ryssdal).

We’ll be back with new episodes next week. Until then, if you’ve got a question, comment or submission for a state drink, send them our way. We’re at 508-UB-SMART or email makemesmart@marketplace.org.

Transcript

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0:00.0

Hey, it's Kimberly. We'll be back in your feeds on Monday to break down the news of the day and the

0:05.7

latest happenings in this economy, but for now we're sharing an episode from our sister's show,

0:11.2

Million Bazillion, which answers questions kids have about money.

0:15.4

Today's episode tackles a question many of you might have as well.

0:19.1

What's a recession?

0:20.9

Let us know what you think and send us any other questions you might have about

0:24.7

how this economy works.

0:26.6

We're at Make Me Smart at marketplace.org and 508, you be smart.

0:31.8

Okay, now on to the show.

0:35.0

Ryan, what are you up to in here?

0:37.0

Oh, hey, Bridget, I'm just watching a scary movie.

0:40.0

You're supposed to be researching the history of international trade with Guatemala, not watching scary movies.

0:47.0

I know, I'm just taking a break.

0:49.0

Well, let's turn this off.

0:50.0

You know if you watch scary movies too close to bedtime, you're going to have a hard time falling asleep.

0:54.0

It's 1 PM, we're in the office break room.

0:56.3

Here's your lunch order, Ryan.

0:58.1

Thanks, Pete.

0:59.1

There's enough to worry about in real life.

1:01.2

Who needs a scary movie? I mean, have you seen all these new stories about about

1:05.0

who need a scary movie? I mean, have you seen all these new stories about people worried they'll lose their jobs and inflation might never end?

1:08.0

So maybe just turn off the movie.

...

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