David Kestenbaum

David Kestenbaum appears in the following:

Episode 489: The Invisible Plumbing Of Our Economy

Wednesday, January 10, 2018

Why does it take days to send money electronically?


Episode 273: When The U.S. Paid Off The Entire National Debt

Wednesday, January 03, 2018

What does a country with no debt look like? To find out, we went back to the United States in 1835.


Library for Kids Goes Online

Monday, December 04, 2017

The Internet Archive and the University of Maryland launch such a library, and it's free to anyone with an Internet connection. Kids helped design the library, and they had final say on the books.


Why The Government Sells Flood Insurance Despite Losing Money

Wednesday, September 13, 2017

The National Flood Insurance Program was operates like an insurance company in many ways except one: it just about always loses money. This piece originally aired on Morning Edition in January 2013.


Episode 594: Board Games

Wednesday, July 19, 2017

On today's show: The story of two guys who tried to cut the pay of a CEO at a small pneumatic tool company.


Episode 599: The Invisible Wall

Wednesday, May 31, 2017

A man goes looking for the invisible wall that traps poor people in poverty. Finding it almost gets him killed.


Episode 606: Spreadsheets!

Wednesday, May 17, 2017

The creation of the electronic spreadsheet transformed industries. But its effects ran deeper than that.


How Managing Money Creates Huge Profits For The Federal Reserve

Friday, April 29, 2016

The government is getting $100 billion this year, essentially from nowhere. It is the profit made by the Federal Reserve. The Fed is in charge of managing how many dollars are in the economy. It turns out to be a very profitable business, especially since the financial crisis, when the Fed threw an extra $3 trillion into the economy.


Boom Town Presses Pause Amid Dramatic Drop In Oil Prices

Thursday, January 07, 2016

Two years ago, in January 2013, oil was about $100 dollars a barrel. At that time, towns near new oil fields expanded rapidly, filling up with workers and overflowing revenue. But how...


How Former Fed Chairman Paul Volcker Tamed Inflation — Maybe For Good

Tuesday, December 15, 2015

Inflation is so low that it's nearly nonexistent now. But it most certainly wasn't always that way. The Planet Money team tells the story of former Federal Reserve Chairman Paul Volck...


How The Federal Reserve Plans To Make $3 Trillion Disappear

Monday, December 14, 2015

The Fed created the money after the financial crisis to try to help the economy, but the money could eventually create inflation or cause bubbles. (This piece initially aired on Oct. 23, 2015 on ATC.)


Massive Pacific Trade Agreement Ignores One Huge Tariff: Currency Manipulation

Thursday, November 12, 2015

The Trans-Pacific Partnership trade agreement has been hashed out line-by-line. All 6,000 pages of it. It will set the rules for roughly one-third of world trade. It has precise requi...


How Do You Make $3 Trillion Disappear? The Fed Will Soon Find Out

Friday, October 23, 2015

The Planet Money team explains how to make $3 trillion disappear, which is what the Federal Reserve will be trying to do. It created the money after the financial crisis to try to hel...


Why Most People Don't Shop Around For Medical Procedures

Friday, October 09, 2015

We shop around when we get a plane ticket or buy a couch. But we spend thousands of dollars on health care without comparing prices. What happens when you pay patients to choose the cheaper option?


One Man's Mission To Bring Back Hydrox Cookies

Wednesday, September 23, 2015

The original chocolate sandwich cookie was discontinued in '99. Ellia Kassoff, who grew up with Hydrox and wanted to bring it back, learned that if someone isn't using a trademark, it's up for grabs.


Why China's Official Economic Numbers Shouldn't Be Trusted

Friday, September 11, 2015

Economic news coming out of China often rattles or rallies global markets. But how reliable is that news? It turns out basic measures like Gross National Product may be far from accurate.


'Planet Money' Explains Why We Sign For Things

Friday, September 04, 2015

Some people write a squiggle. Others just write an initial. Our Planet Money team takes a look at the history of the signature. (This piece initially aired on Sept. 14, 2014 on All Things Considered).


Why Can't We Bet On U.S. Elections? Blame 16th Century Rome

Wednesday, August 26, 2015

You can spend millions on lobbyists or ads to influence the presidential election, but it is mostly illegal to bet on who will win the White House. But centuries ago, people bet on the papal election.


Weighty Issue: Cow Guessing Game Helps To Explain The Stock Market

Thursday, August 20, 2015

Planet Money put a picture of a cow on the Internet and asked how much it weighed. The idea was to understand the phenomenon that drives everything from the stock market to orange juice prices.


Keynes Predicted We Would Be Working 15-Hour Weeks. Why Was He So Wrong?

Thursday, August 13, 2015

The economist John Maynard Keynes predicted that his grandkids would work just 15 hours a week. He imagined by now, we would basically work Monday and Tuesday, and then have a five-da...