Text scams, crypto crackdown, and an economist to remember

The Indicator from Planet Money

NPR

Business

4.7 • 9.2K Ratings

🗓️ 9 June 2023

⏱️ 10 minutes

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Summary

Too many texts? Some of them could be scams! Plus the SEC is trying to play sheriff in the wild west that is crypto. And we remember the late economist William Spriggs who died this week, and read his open letter to economists.

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Transcript

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0:00.0	NPR.
0:12.0	This is the Indicator from Planet Money.
0:13.4	I'm Darren Woods, joined here by Whalen Wong and Planet Moneys, very own Jeff Goh.
0:18.7	Welcome to the show again.
0:19.7	Oh, it's so great to be back.
0:21.2	Hello.
0:22.2	Happy Friday.
0:23.2	The three of us are back together here to talk about what has happened in economics and
0:27.7	business and industry this week.
0:29.9	We've got people in their scam era.
0:32.4	I've got an indicator about text message scams.
0:35.4	Speaking of scams, I got a crypto story for you all.
0:38.2	Haha, just kidding.
0:39.2	We ain't taking a position on crypto.
0:41.6	And I'm going to pay tribute to an important figure in economics who sadly passed away this week.
0:47.2	That's all after the break.
0:55.0	Indicators of the week, Jeff, what do you got?
0:58.1	So my indicator for this week is two.
1:01.5	As in, the US government has just sued two of the world's largest cryptocurrency marketplaces.
1:07.8	One's called Binance and the other one's called Coinbase.
1:11.0	And this is big news because this appears to be the start of a serious regulatory crackdown
1:15.8	on crypto.
	...

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