The tough thing about the economy is when you talk to people about it like I run into this all the time like I tell people that I work on economics education

They're like I hate the economy and it's like well you're a part of it like sorry like the coffee that you buy

You know the microphone that I'm talking into the computer that I'm staring into like all of that air components of the economy and I

think it's very similar to how we all know that the mitochondria is the powerhouse of the

cell like I feel like we should know something about the economy in a similar

sense like we should know what the Federal Reserve does and why they do what

they do because it has such a big influence on our lives. Welcome to Bankless,

with the frontier of the economy.

Not talking about the crypto economy today, we're talking about the broader economy.

As usual, this is Ryan Sean Adams. I'm here with David Hoffman and we're here to help you become bankless.

The question today, how many of us really understand? We are here to help you become bankless.

The question today, how many of us really understand how the economy works?

I think a lot of us have gotten our education on the economy, on money, on these sorts of

things through crypto, myself and David included, but there's

still gaps in our knowledge like the labor market or the housing market and also

the reflexive nature of consumer sentiment. How do all these things fit together? Our guest today is

Kyla Scanlon. She's wrote a book on all of this called In This Economy that

explains how markets and money really work. I think this is a shortcut episode to leveling up your

knowledge on the economy and finance in general. A few things we talk about. Number

one, Kyla's term, the vibe session, she coined this term, what do vibes have to do with the economy? We talk about that first and also her mental model for how this all works. She calls it the economic kingdom, how the deciders like the Fed and the government tweak the dials of our economy. We also talk about the housing crisis,

wealth inequality, the labor market, energy prices, and how all this ties into the economy.

And finally we end with financial literacy, the superpower,

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