Veblen Goods: Why Raising the Price Makes Luxury More Desirable
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!The law of demand says people buy less of something as it gets more expensive. Veblen goods brea...
7 Loka 20min
Groupon: The Daily Deal Giant That Turned Down $6 Billion From Google
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In 2006 Andrew Mason got so frustrated trying to cancel a mobile phone contract that he built a ...
7 Loka 12min
The Broken Window Fallacy: Why Destruction Never Creates Wealth
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!A kid's baseball goes through a bakery window, and someone in the crowd shrugs that at least the...
7 Loka 25min
Cornering the Market: Chocfinger, the Hunt Brothers, and Silver Thursday
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!In July 2010 a trader named Anthony Ward bought 7 percent of the world's annual cocoa production...
7 Loka 23min
Betamax vs VHS: How Sony Lost the Videotape War It Started
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!Sony brought Betamax to market in 1975 and briefly owned all of home video. By 1988 it had agree...
7 Loka 21min
Bank Runs Explained: From Goldsmiths to the $42 Billion Cyber Run
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!The balance on a banking app looks like cash in a vault. Most of it is out in the world as mortg...
7 Loka 26min
Gresham's Law: Why Bad Money Drives Out Good, From Athens to Now
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!Given a crisp five dollar bill and a torn one, most people hand over the torn one. Gresham's law...
7 Loka 20min
The $100,000 Bill: The Rise and Purge of America's Giant Banknotes
Got something to say to this podcast? Send a voicemail, and you might hear yourself on the next episode!Binion's Horseshoe Casino in Las Vegas once displayed one hundred $10,000 bills in a thick acryl...
7 Loka 21min
