[ad_1]
All episodes of Planet Money Summer School can be found here.
Life has its ups and downs. The economy is no exception.
Good times can lift millions out of poverty, create new jobs, and spur innovation by boosting savings and investment. Bad times can be devastating. People lose their jobs, families are forced to make sacrifices, and businesses disappear in the blink of an eye. Economists call this kind of recession an “ebb and flow.” Business cycle.
It is such an important and far-reaching force that understanding and controlling the business cycle is one of the great dreams of the field of economics.
This week we heard two stories about going through business cycles, one about individual businesses and the other about the technology that economists and governments have created to help alleviate the pain and impact of business cycles.
We cover:
- Business Cycle
- Contraction and recession
- How it exacerbates inequality
- Chapter 11 Bankruptcy
- Countercyclical government policies
Homework:
Think of a time when you or someone around you felt the effects of the business cycle? Let us know using #PMSummerSchool.
Summer Economic Song: Each week, we pick some of our favorites and add them to Our PlaylistRecommend your favorites on social media. Be sure to use #PMSummerschool.
At Planet Money Summer School, mobile phones are allowed during class. View This week’s private message Tik Tok!
music: Lost situation, worldwide, Stylish guy & forever and ever
Find us: twitter / Facebook / Instagram / Tik Tok
Subscribe to our show Apple Podcasts, Pocket casting and NPR One.
Want extra points? Subscribe to Planet Money communication
[ad_2]
Source link
