Planet Money

Planet Money

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Before Kalshi and Polymarket there was the Iowa Electronic Markets

Prediction markets aren’t new. Election betting was common until the 1940s, then mysteriously faded away.There was an entire political era when party bosses were expected to conspicuously gamble on their candidates (even if they secretly hedged).And in the 1980s, a few economists ...  Show more

The real horror of ‘Alien’ and how it explains why we’re not paid enough

Maybe the real monster in the Alien franchise isn’t actually the killer alien. Because behind the acid blood and jump scares is an even more insidious horror: a single employer with unchecked power. That employer is named Weyland-Yutani, a mega-corporation that dominates workers ...  Show more

Can computer hackers get inside your mind?

The cyber weapon that might have prevented nuclear war.The U.S. and Israel have long been in conflict with Iran over their nuclear development program. Some of that conflict has been out in the open, with bombs and blockades, but some of it has been invisible. Recently some secur ...  Show more

It’s my tree. Why can’t I cut it down?

Can the government stop you from cutting down your own tree? In many towns and cities these days, removing a tree now requires a permit. You might have to pay a fee, or promise to plant replacement trees. But sometimes, the city won't let you cut down the tree at all, even a tree ...  Show more

Two indicators for lowering the rent

One specific type of affordable housing used to be popular in American cities, kept rents low, then nearly vanished. Is it time to reconsider boarding houses and single room occupancy units? If they lowered rents in cities, why did they go away? We have the history.Then, let’s ta ...  Show more