What’s left out of the inflation calculation
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 5 March 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Today we’re digging into a series of economic reports that give us more insight into what’s happening in this economy. First, we look at rising prices, the cost of money and why inflation might actually be higher than we think. Then, what a new report says about the most physically demanding jobs in America. Plus, how a school in Burkina Faso stays cool in triple-digit temps. And, a “Make Me Smart” listener shares anime-style fan art!
Here’s everything we talked about today:
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- “The cost of money doesn’t factor into the cost of living” from Marketplace
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- “The Cost of Money is Part of the Cost of Living: New Evidence on the Consumer Sentiment Anomaly” from the National Bureau of Economic Research
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- “The most physically demanding jobs in America” from The Washington Post
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- Anime-style fan art of Kai and Kimberly from Audie Norman on X
Transcript
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| 0:00.0 | Shall we? Yes, we shall. |
| 0:03.0 | Let's. |
| 0:04.0 | Let's. |
| 0:06.0 | Let's. The Tope producers are along for the ride. |
| 0:09.0 | Hello everyone, I'm Kimberly Adams. |
| 0:12.0 | Welcome back to Make Me Smart where we make today makes sense. |
| 0:15.2 | I'm Kai Rizdall Monday for March. Thanks for being along. |
| 0:20.4 | Yes, today we are going to do some news and some smiles as we do on Mondays just to get the week started on a newsy and smiley note. |
| 0:29.0 | But let's start with the news. Kai, what caught your attention today? |
| 0:32.0 | So there was a piece on the Marketplace Morning report this morning that, you know, hopefully |
| 0:36.9 | some listeners of this podcast listen to regularly, but if not, it was super interesting. |
| 0:41.7 | David Brunkhouser, the host of that program, did an interview with one of their regulars. His name is Christopher Lowe. He's chief economist at F.T.N. Financial in New York. |
| 0:51.0 | F. H.N. Financial now. It used to be F. FHN financial now. Is it FHN? |
| 0:53.0 | It used to be FT, but now it's FHN. |
| 0:56.0 | It's a new thing. |
| 0:57.0 | Wow, okay. |
| 0:59.0 | So FHN financial, which I still don't know what it stands for, but that's neither here nor there. |
| 1:03.4 | Anyway, they were talking about inflation a little bit and you know blah blah blah |
| 1:08.1 | inflation. We've heard a zillion different things about inflation. This thing was this |
| 1:11.4 | though was really interesting because there is a paper out |
| 1:15.5 | and I think it's from the National Bureau of Economic Research that Chris and his |
| 1:20.0 | buddies have been talking about and we're going to put the interview itself on our |
... |
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