What can we learn from the year's most popular econ terms?
The Indicator from Planet Money
NPR
4.7 • 9.5K Ratings
🗓️ 7 December 2023
⏱️ 9 minutes
🧾️ Download transcript
Summary
Today, Investopedia's editor-in-chief — and a poet — help us make sense of what the website's top ten terms of the year tell us about our collective economic psyche.
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Transcript
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| 0:00.0 | NPR. |
| 0:02.0 | This is the |
| 0:11.0 | This is the indicator for planet money. This is the indicator for planet Money. I'm Adrian Ma. |
| 0:14.0 | And I'm Waylon Wong. |
| 0:15.0 | Adrian, did you learn any new economic terms in the last year or so? |
| 0:20.0 | Oh, uh, yeah. So many. Like, I think one of my favorites was Hedonic adjustment. |
| 0:26.1 | It's this term for how economists account for improvements |
| 0:29.7 | and the quality of stuff over time. |
| 0:31.4 | I thought that was pretty cool. That's a fun one and we did |
| 0:34.8 | a story about mortgage lock-in. That's when people stay in their current homes |
| 0:39.0 | because they don't want to give up their low mortgage rates. Another word to casually sprinkle at your next dinner |
| 0:44.9 | party? |
| 0:45.9 | Yeah, I guess depending on the kind of dinner parties that you attend. |
| 0:49.9 | As you can tell, we love beefing up on our econ vocab around here, which makes us kindred spirits, |
| 0:55.9 | you could say, with Caleb Silver. |
| 0:58.1 | Caleb is editor-in-chief of Investopedia, a site that you have maybe visited before. |
| 1:03.0 | We have about 14,000 definitions on our site. |
| 1:07.0 | You've looked at all the words, I assume. |
| 1:09.0 | Which one's your favorite? |
| 1:10.0 | I love compounding because compounding is the magic in investing. |
| 1:14.0 | And over at Investopedia headquarters right now is one of their most thrilling annual events, |
| 1:19.6 | the unveiling of their top 10 terms of the year. |
... |
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