EPISODE 2558

Ep. 1894 Why the Economy Goes Up and Down — Explained for a Teenager, a 5-Year-Old, and a Grad Student

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In this unique episode, Professor Jeff Herbener and I explain why the economy goes up and down in boom-bust cycles (hint: it’s not the fault of “capitalism”), but we describe it in three ways: how we would explain it to a graduate student, a teenager, and a 5-year-old.