4.6 • 29.8K Ratings
🗓️ 7 July 2023
⏱️ 19 minutes
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0:00.0 | This is Planet Money from NPR. |
0:03.6 | You know what really drives me up the wall? |
0:09.6 | Is it Jeff Groh rant hour? |
0:11.6 | We're doing this right here. |
0:12.6 | All right, what drives you up the wall? |
0:14.8 | I really hate it when people talk trash about economics. |
0:19.1 | You know, like, oh economists, they don't know anything. |
0:22.5 | They didn't even see the financial crisis coming. |
0:25.6 | But they didn't see the financial crisis coming, Jeff. |
0:28.2 | So what's the rub? |
0:29.4 | Okay, I know, I know. |
0:30.4 | But the economists that don't know anything, |
0:33.3 | those are not all economists. |
0:35.2 | Those are just the macro economists. |
0:37.5 | They're the ones giving economic bad name. |
0:40.2 | Right, so it's every Planet Money listener knows macro economists. |
0:43.4 | They are in charge of studying |
0:45.2 | all the big forces in the economy, inflation, |
0:48.2 | unemployment, growth. |
0:49.8 | Whereas the micro economists, |
0:51.5 | they think about how businesses and people |
0:54.1 | make decisions out in the world. |
... |
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