SUMMER SCHOOL 5: Trade & Santa

Planet Money

NPR

Business, News

4.6 • 29.8K Ratings

🗓️ 5 August 2020

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The economics of free trade and what happens when governments get involved. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0	Hello and welcome to Planet Money Summer School, the supply for your intellectual demand.
0:13.7	This is class number five, trade and Santa Claus.
0:18.0	I'm Robert Smith.
0:19.0	By now you are in the educational groove, you're sitting in the front of the classroom, you're
0:23.3	raising your hand even though I can't see you.
0:26.8	And the final exam and graduation day are in less than a month.
0:30.8	Start planning those parties.
0:32.6	Joining us on the educational microphones today are Planet Money resident economists.
0:38.2	Yes.
0:40.4	It seems like justice a little bit further off the mic than Betsy.
0:44.2	Oh, okay.
0:45.2	I don't know.
0:46.2	Whatever Betsy is doing is perfect.
0:48.6	How are you oriented toward the mic?
0:50.5	She is tall, that quiet outfit.
0:51.9	Perfect.
0:52.9	We're not at all competitive.
0:54.2	Justin Wolffers, Betsy Stephenson.
0:55.7	Welcome back.
0:56.7	Great to be here today.
0:58.3	Excited to talk about trade.
1:00.3	Let's talk about trade because so far we've talked about a lot of market phenomenon, but
	...

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