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Planet Money

Three Big Ideas

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 27 May 2020

⏱️ 20 minutes

🧾️ Download transcript

Summary

On today's show, ideas to fight the virus, get people money, and revive a multibillion-dollar corner of the economy. | Subscribe to our weekly newsletter here.

Transcript

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0:00.0

This is Planet Money from NPR.

0:08.0

We are living through this moment that is just so big in so many ways.

0:13.1

The human suffering, the change in our daily lives, that economic disaster are all so vast.

0:19.9

And we need to respond with comparably big ideas.

0:23.5

We need to try things that would have seemed completely absurd just a few months ago.

0:27.2

I mean, yes, sure, obviously we need to dramatically increase testing.

0:30.8

We need to hire an army of contact tracers.

0:33.1

But that is not going to be enough.

0:35.1

We need to think bigger than that.

0:36.7

We need to think maybe weirder than that.

0:40.6

Hello and welcome to Planet Money. I'm Jake Goldstein.

0:43.2

Today on the show, we are going to look at three big ideas.

0:46.4

One is an idea to fight the virus itself.

0:49.0

Another is a way that may make the economic consequences of the pandemic less awful.

0:54.3

And the third is an idea that I think perfectly reveals just how strange the world has become.

1:10.0

The first big idea, big idea number one, comes from Susan Athe.

1:13.9

She's a Stanford economist who's been spending a lot of time lately working on pandemic-related problems.

1:24.8

So imagine that your life depended on completing a home construction project on time.

1:31.0

If you didn't have the project completed by December 1st, you would literally die.

1:36.4

I love this metaphor. So let's just let it run for a sec before we get to the idea itself.

1:41.2

And in order to be completed, it has to go through all the inspection processes

1:45.2

and have every aspect be approved by the county boards and the city boards.

...

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