We all know the government uses taxes to pay for things. But what about using taxes to control behavior? This week on Summer School, Professor Darrick Hamilton of The New School, helps us explore the true power of the tax code. Can taxes help lift people out of poverty? What about saving the planet?
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The junkyard economist
On today’s episode, we ride through the streets of San Francisco with a long-time junkman, Jon Rolston. Jon has spent the last two decades clearing out houses and offices of their junk. He’s found all…
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Anatomy of a layoff
By one estimate, 40 percent of American workers get laid off at least once in their careers. And when that happens, companies will often say, “It’s not personal. It has nothing to do with you…
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The hack that almost broke the internet
Last month, the world narrowly avoided a cyberattack of stunning ambition. The targets were some of the most important computers on the planet. Computers that power the internet. Computers used by banks and airlines and…
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Why Gold? (Classic)
In the past few months, the price of gold has gone way up – even hitting a new high last month at just over $2,400 per troy ounce. Gold has long had a shiny quality…
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Zombie mortgages are coming back to life
Karen McDonough of Quincy, Mass., was enjoying her tea one morning in the dining room when she saw something odd outside her window: a group of people gathering on her lawn. A man with a…
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Inside video game economics (Two Indicators)
Why do video game workers offer labor at a discount? How can you design a video game for blind and sighted players? Does that design have lessons for other industries? These and other questions about…
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The birth of the modern consumer movement
Today on the show, the story of the modern consumer movement in the U.S. and the person who inspired it: Ralph Nader. How Ralph Nader’s battle in the 1960s set the stage for decades of…
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Hire Power (Update)
(Note: This episode originally ran in 2021.) Millions of American workers in all sorts of industries have signed some form of noncompete agreement. Their pervasiveness has led to situations where workers looking to change jobs…
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The case of the stolen masks
About thirty years ago, Yagya Kumar Pradhan woke up to the news that the temple he and his clan used had been broken into. The temple had been ransacked. And someone had stolen two holy…
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How unions are stopped before they start (Update)
(Note: This episode originally ran in 2023.) Union membership in the U.S. has been declining for decades. But, in 2022, support for unions among Americans was the highest it’s been in decades. This dissonance is…