The life and possible death of low interest rates
Planet Money15 Apr 2023

The life and possible death of low interest rates

Right now, the economy is running hot. Inflation is high, and central banks are pushing up interest rates to fight it. But before the pandemic, economies around the world were stuck in a different rut: low inflation, low interest rates, low growth.

In 2013, Larry Summers unearthed an old term from the Great Depression to explain why the economy was in this rut: secular stagnation. The theory resonated with Olivier Blanchard, another leading scholar, because he had made similar observations himself. Larry and Olivier would go on to build a case for why secular stagnation was a defining theory of the economy and why government policies needed to respond to it. They helped reshape many people's understanding of the economy, and suggested that this period of slow growth and low interest rates was here to stay for a long time.

But today, Larry and Olivier are no longer the duo they used to be. As inflation has spiked worldwide, interest rates have followed suit. Earlier this year, Larry announced that he was no longer on the secular stagnation train. Olivier, meanwhile, believes we're just going through a minor blip and will return to a period of low interest rates within the near future. He doesn't see the deep forces that led to a long-run decline in interest rates as just vanishing. Who's right? The future of the global economy could depend on the answer.

Help support Planet Money by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Learn more about sponsor message choices: podcastchoices.com/adchoices

NPR Privacy Policy

Avsnitt(355)

Two Indicators: The fight over ESG investing

Two Indicators: The fight over ESG investing

"ESG" investing – Environmental, Social, Governance – has attracted a lot of attention from investors, and from Republican politicians who call it "woke investing." On today's show, what the fight over ESG reveals about the potential and limitations of sustainable investing.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoneyLearn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

21 Dec 202221min

The sports ticket price enigma

The sports ticket price enigma

Inflation is making prices go up, except not for...sports tickets? So, we set out on a daylong sporting event marathon to learn why.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

16 Dec 202228min

Spam call bounty hunter

Spam call bounty hunter

Telemarketing calls are not only annoying; in some cases, they are illegal. Congress even gives you the right to sue scofflaw telemarketers for $500 a call. Today, the story of one man who collected a surprising amount of money bringing telemarketers to justice. Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoneyLearn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

14 Dec 202226min

The case of the missing cheese racks

The case of the missing cheese racks

Jelle Peterse's company ships cheese all over the world, but they don't always get their cheese racks back. In this episode, we try to fix a supply chain problem. Gouda grief!Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

9 Dec 202227min

When women stopped coding (Classic)

When women stopped coding (Classic)

A lot of computing pioneers were women. For decades, the number of women in computer science was growing. But in 1984, something changed.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

7 Dec 202217min

My Favorite Tax Loophole

My Favorite Tax Loophole

There's a big difference between tax avoidance and tax evasion. But sometimes even avoiding taxes (legally) can feel like you're getting away with something. Today, we share some of our — and your! — favorite loopholes in the U.S. tax code.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoneyLearn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

3 Dec 202226min

Messi economics

Messi economics

Soccer star Lionel Messi is currently hoping to lead Argentina to victory in the World Cup. His path to global fame was shaped by a crisis in Argentina's economy.This episode was made in collaboration with NPR and Futuro Studios's The Last Cup podcast.Subscribe to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoneyLearn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

1 Dec 202227min

One economist's take on popular advice for saving, borrowing, and spending

One economist's take on popular advice for saving, borrowing, and spending

This episode was first released as a bonus episode for Planet Money+ listeners last month. We're sharing it today for all listeners. To hear more episodes like this one and support NPR in the process, sign up for Planet Money+ at plus.npr.org. Planet Money+ supporters: we'll have a fresh bonus episode for you next week! "Save aggressively for retirement when you're young." "The stock market is a sure-fire long-term bet." "Fixed-rate mortgages are better than adjustable-rate mortgages." Popular financial advice like this appears in all kinds of books by financial thinkfluencers. But how does that advice stack up against more traditional economic thinking? That's the question Yale economist James Choi set out to answer in a paper called Popular Personal Financial Advice Versus The Professors. In this interview, he tells Greg Rosalsky what he found. Their talk marks another edition of Behind The Newsletter, in which Greg shares conversations with policy makers and economists who appear in the Planet Money newsletter. Subscribe to the newsletter at https://www.npr.org/newsletter/money. Read more about James Choi's paper here: https://www.npr.org/sections/money/2022/09/06/1120583353/money-management-budgeting-tipsLearn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

23 Nov 202232min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
svd-ledarredaktionen
uppgang-och-fall
rss-borsens-finest
avanzapodden
lastbilspodden
fill-or-kill
rss-dagen-med-di
rss-kort-lang-analyspodden-fran-di
affarsvarlden
borsmorgon
rikatillsammans-om-privatekonomi-rikedom-i-livet
kapitalet-en-podd-om-ekonomi
tabberaset
dynastin
borslunch-2
market-makers
rss-inga-dumma-fragor-om-pengar