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Planet Money

How Do You Feel? (Classic)

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 13 October 2021

⏱️ 20 minutes

🧾️ Download transcript

Summary

We tend to think of economists as cold, unfeeling, attempting to be as rational as possible. But once a month, economists pick up the phone to just... check in with us. How are we feeling? Good, bad, worse than a year ago? It's a very specific phone call with very specific questions and a few years ago we looked into the origins of this very important survey that factors into economic decision making. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0

This is Planet Money from NPR.

0:02.8

We tend to think of economists as cold, hard, dismal scientists, but once a month, economists

0:12.7

pick up the phone to just check in with us.

0:15.7

How are we feeling?

0:17.0

Like, good, bad, worse than a year ago?

0:20.8

It is a very specific phone call with very specific questions, and a few years ago, we

0:26.0

looked into the origins of all of this.

0:28.4

We're going to play that episode for you now, and we're going to have an update at the

0:31.6

end.

0:32.6

Robert Smith and Stacey Vanick Smith take it from here.

0:35.6

Recently, I went to see a professional about my financial future.

0:39.4

My name is Lisa Farram.

0:42.1

I met a young woman at her office.

0:44.0

We sat down at a little desk.

0:45.9

There were some crystals.

0:47.3

Could I get you to introduce yourself?

0:49.0

Sure.

0:50.0

My name is Psychic Betsy, aka Betsy Cohen.

0:53.3

I'm a Psychic medium-intuitive development coach and teacher.

0:57.2

Now, this is not as crazy as it might sound.

1:00.4

A lot of Wall Street legends went to see psychics and astrologers.

1:04.3

Andrew Carnegie apparently had one on staff.

...

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