Eli

I have a confession to make to the two of you. I mean, it's not that profound. But when I was younger, I was a huge, like, finance nerd, maybe not like an Alex Keaton type, like save the politics, but like, I was super interested in the, like, inner machinations of the economy. And I think yeah, I mean, I think that's probably a result of like growing up during the 2008 financial crisis, which I think certainly affected like, my, my family's life. And just the way that like the world and the general economy works. But yeah, I just want to put that out on the table to get us started.

Trey

So why are you working a nine to five?

Eli

As opposed to like a nine to 11 at Goldman Sachs?

Trey

No as opposed to just not working. Being on Richard Branson's Virgin Islands Virgin Island.

Eli

I mean, at the I'm not a numbers guy. And I don't think that you necessarily need to know numbers. It's interesting, like Michael Lewis's book, liars, poker is all about, like, how lots of people in the heyday of Wall Street, which was probably like the 80s, during like the Reagan and Clinton era 80s 90s. And probably like, pre 2008, there were a lot of people making a lot of money who were just like, like, not really smart, like our economy is just very financialized. Like you don't don't really need to be that smart on Wall Street or didn't at least, that's a sweeping generalization, but that's kind of like the gist of the book. But yeah, I just like, I don't want to sit at a Bloomberg terminal all day. But I think I was just interested in the ways in which, like, the economy worked. So, I was very excited to speak to Jack about it. He's a very interesting, dude. We'll talk about in part two.

Trey

Yeah, we've got a very exciting guest today. Planet money's Jack Corbett, and he has kind of revolutionized the discussion around finance and personal finance and how the economy works through His Tik Toks for NPR. So, planet money has long been a series on NPR, but Jack has kind of brought it to an audience of Gen Z years, with his very easy to understand very quirky videos, explaining really difficult concepts like inflation, and many others, but he will be on part two of the pod, which I am excited about.

Eli

Should we just cut it right there?

Trey

I want to leave with our exciting guest this time, I think that he's got so much interesting stuff to say.

Clara

Yeah. Agreed. I mean, I feel like what I mean, because I honestly, Eli, I can't relate to anything you said about having an innate interest in finance.

Eli

I was like a huge nerd. Like, I would ask my parents to like pick up the Wall Street Journal, because I want to like, take a look at it.

Trey

I was buying like country, Home and Kitchen magazines.

Clara

Oh yeah I loved like, I was a big weather section reader. Like I wanted to be a meteorologist when I was little. So I would read the weather, religiously every day. But what I do think is interesting about Jack, being someone who's not so keen on the economy is like you were saying, Trey, like I think we've talked a lot about, you know, the sort of macro economic shifts and things that are going on right now. And I think for Gen Z, it's kind of an interesting time to have to deal with all of this stuff, I think coming out of the pandemic and coming out of like all of the shifts of the last few years, I feel like it's a generation that's had to get wise, very quickly. I actually read a kind of sad article about it and Washington Post about how Gen Zers brains have aged like three years faster than they should have, which is not a good.

Eli

In a good or a bad way?

Clara

No its a bad thing. Basically, just like the parts of your brain that deal with like, fear and things like that have basically like evolved and like progressed a lot faster. And so I was just sort of thinking about it in the context of like, how to make, you know, learning about these things, which can feel really overwhelming, not so overwhelming and like also empowering in a lot of ways because I think learning about the economy and knowing how to financially plan which doesn't sound very glamorous, like can be very empowering for a generation that has had a lot that was not very stable for them in the past few years. There's so all this to say I really enjoy the planet money Tik Toks as someone who needs it explained to me in very simple ways. Well anyway, we get to all of this on part two of the pod as Trey alluded to earlier. Very exciting one. We are joined by the face of NPR is planet money on Tik Tok, Jack Corbett. we sift through all the financial jargon, get the lowdown on the economy, and more. Tune in.

Eli

Jack Corbett, welcome to the pod How you doing today?

Jack

Great. Thanks for having me.

Eli

All right. Cool. Well, to dive right in. So you've been at NPR for three years now?

Jack

Yeah, three years.

Eli

Cool. So tell us about your journey from like starting out as an intern to them becoming kind of like the face of planet money on Tik Tok?

Jack

Um, yeah, well, time flies. Um, I was in college for experimental cinema and avant garde film. And I made a weird documentary about this tiny town in Nevada that I've never been to with like a really big like stuffed polar bear and like cowboy poets. And it was just weird. And then I just like I applied like I had applied to like, become like an intern, NPR for like four times in a row. Each time declined this time. I don't know. I like just like, put like 50 links to that. I'm like, just just watch this. Like, just watch it. Like, this video is going to sell me more than I can in like, a stupid little times new roman resume cover letter. Um, and so I got the internship. And that was the music video internship. So I was just shooting Tiny Desk concerts, sitting at the Tiny Desk. And eventually,

Eli

What was the best one that you saw? Or were able to attend?

Jack

The show pro one was good. Um, but there's just been COCO CO! Like, all caps with an exclamation at the end. Incredible. Incredible. can't even describe it. Um, yeah, it was, it was kind of bizarre. I remember the first one. Yeah. Um, so I was sitting at the desk for a while. And like, eventually, it's like, I was trying to, like, you know, jump onto like the temping because like, from like an intern to a tempt in, like the hope because I was just like, I want to be like, I want to stay here. Everyone's so nice to me. And like, they take my ideas. Seriously, this is cool. Like, why? Like most of my ideas, I wish, like I assumed they were like, they would take them as jokes. Like, I pitched this thing. I'm like, there's this church in California that like that at for a time. So John Coltrane is a second as like a reincarnation of Jesus Christ. And they're like, Okay, let's do this. And so we, you know, we flew out to San Francisco and made it um, and like, yeah, I didn't think they would do that so I just wanted to stay. I wanted to stick around beacuse everyone's really cool there. So I just like asked to, like, do more work to direct some tiny desks. And then the pandemic happened. So there's no more tiny house concert. So like, that was like, gone, gone. Um, but like, there was a pre existing planet money video series, just kind of like Drunk History esque. Um, but with like, planet of money episodes. And it's kind of like, when the pandemic started, it kind of became like my turn to like, come up with one of these. And to do that one. And I don't know, I just like the idea of like, directing and like working with other people. All very scary. I'm really insular. Like, like, lucky for NPR. I'm lucky for my like, social life. I spent, like my entire college experience, like sitting in my basement making videos. So like, that's kind of what I did. I was like, what if I just do this by myself. And I found this like idea about like the stock market circuit breaker, which, if you don't know what it is, the stock market goes down 7% in one day, they like trip a circuit breaker, the s&p 500 All the trading is halted. All the stock traders need like a timeout. It's just like an adult timeout. And then it happens again, if it drops another 5%. And then it just like they pause training for the entire day after another 5%.

Eli

I remember that was like a big thing at the onset of the pandemic, when like, the market tanked for about like, a week. And there every headline had like a guy staring down at an iPad with like, his hair and every which direction?

Jack

Yeah, no, totally, totally. It was like, and it has only happened like a few times. Like it hasn't happened since. So I made this video and it was like, the whole premise was like, it would be like a video for like stock traders to like, chill out like, not really but like, it would be like you send this like if you're, if you're on like, if you're on the floor, you watch this video and just like chill out for like, for like a few minutes and then come back to your trading. Um, so it was like slow, and it was horizontal and it was like a lot of like, I don't know, bright soft colors, warm colors, slow motion waterfall in the backgrounds. Um, and then I sent it to Planet money and they're just like, Yeah, okay, maybe we can like post this. If this If the circuit breakers are triggered again, which they haven't been, um, so that would have that would have not done well. But then they were like, wait, what if you made this vertical? What do you mean this vertical and one minute long. And that was when I knew I was when I knew what I was in for. So funny because they asked when we were interns, they asked us they looked they were doing like a focus test. And they're like, Should NPR be on Tik Tok like Washington Posts? And all the other interns hey're like, "yes, yes, yes. Yes. It's so good. It's the future", and then it comes to me. And I say, "No, that's the worst idea ever. It's just gonna die like Vine did, it's, it's stupid." And I'm punished for my sins.

Eli

Yeah, you lived long enough to see yourself become the villain.

Jack

Oh, really? Yeah. No, especially now because like, we're like, everyone's like in recession mode. Now. It's like, we go from like, one recession to another, an entire, an entire boom bust cycle of Tik Toks. So yeah, then I just kept on making Tik Toks. That's it, then now then it's now.

Trey

I heard that we're heading into recession because the Bank of America CEO said so and I trust nobody, like I do my American corporations to tell me what's going on. So what's the what's the what's happening?

Jack

You know, I like, I dont know, I think some people think we're gonna have one I think like, a lot of like, forecasters are predicting that we are. Um, yeah,

Trey

It's just a like, abreast of the financial news all the time, or are you just like choosing topics on your own to kind of explain to people,

Eli

yeah, what's your media diet?

Jack

I, ya know, it's like, I read like, oh, like the, I read a bunch of the business, the business articles, and most of them don't like, I'm not like, This is it? This is a Tik Tok. Um, I just, yeah, it's, it's, I just like to find information because like, I'm like, an outsider in the world of like, finance. I never took an economics class is like the cool thing. Never ever once. So I'm self taught. I just, like, listened to every single planet money episode, which they're like, 1000 When I started, and now there's, like, 1100. Um, that's an education for you.

Eli

So you weren't, you weren't reading like Keynesian theory at a young age or anything like that. So like, why...

Jack

No I thought it was stupid. Now I think it's cool. Now, I think it's interesting. But at the time, I was like, this is like, I'm like, I don't want to do that. I don't want to be the economics guy. So like, I'd rather be like a weatherman. But now I'm like, this is cool. Like, this is like, it's funny. It's just like people acting weird.

Eli

Yeah. So like, what? Why is it? This is a really like, basic question. But like, why is it important? Like, why is the economy important to know about, you know, like, I think a lot of people view it as inaccessible to understand like, for you, why is it interesting?

Jack

Well, there's like, there's like, the whole like, aspect of like, knowing about, like, personal finance, knowing about like, um, like, that's obvious. Yeah, but like, knowing about, like, the economy as a whole. I mean, it is just, like, so inaccessible. And I think like, the way they, people, it's like, traditionally talked about, at least, like what I was, like, I would find so frustrating when I started was that, like, everyone just like, using like words that like I didn't understand. And it's like, you didn't you don't have to do that, like you can, you can say like a lot. So like, it actually reaches like a lot more people. Um, and it's like, you know, it's like, if more people understand that, like, if the stock market goes up, it doesn't mean the economy's doing well. It's like that, like, but like, I thought that I mean, like, you have a green up arrow, that's like, all the that's all I need. I'm like, this rocks. But like, there's so many other factors. But, um, and it's just like, Yeah, I don't know. It's, it's, it's like, it's like if you know how about like unionization like labor movements. It's like, I didn't know I didn't know like, that's how, like, you know, unions were started. It's like, I was blown away. There's only four steps, just like a couple little lecture things. Um, and it's like, like, if you just like have like eight people in like, a random unnamed coffee shop someplace in the country. It's like, you can like kind of change so much. If you just know like, this kind of very basic, like economic concept. means like, it's perfectly it's like, it's this is very, like a very legal thing to do. So I don't know. It's just yeah, it's just there's like a lot. There's like a lot.

Trey

Are there things so that you personally gravitate towards like, are you looking at like, the FTX implosion, or are you like, oh, I should explain how people can invest their money and get rich quick.

Eli

The two things are mutually exclusive.

Jack

No, I don't think I um, there's no investing advice. I think if you do investing advice you have to like check a box on your taxes and then like, then like it like it gets scary. So I mean, also I just don't want to do that. Anyways, So like, yeah, I mean, like, there's like the FTX thing. I mean, like, it's like, if there's like a greater like economic like, concept, like, we don't really do news, we just like I like more concepts and sometimes like the news cycle like matches a concept, like the Gamestop thing. It's like that whole thing like matches like, the concept of like, what like a short squeeze, or like the NFT's when that like kind of popped off. There's like this idea of like a greater fools theory. It's like you're like passing along until eventually, like, someone's stuck with it. Um.

Trey

What is that? What's a greater fools theory?

Jack

Greater fools theory, it's like what you like by like an NFT. If you're like, if you've like, but you've seen NFT, and you're like, you know, I don't think this is like that great. But I think someone else out there will think like, if you think you can sell it for more, it's like, there's like someone out there who's like, you know, stupid or who can who's gonna buy this? And then eventually, it just hits like a maximum point. And someone's just, like, stuck with it. Um, like, like, maybe, I don't know, some specific NFT I don't know, the FTX thing. Interesting. I haven't found I haven't found that concept that like blows me away for that, I think , really weird. That would, you know, strike a chord with lots of people.

Clara

I'm kind of curious, like, to your point about how the channel does more about like, concept, like, sort of what your overall like POV is in terms of like, the kinds of things that you do sort of put up on the channel then also sort of what you see people responding to because like, I'm also in the camp of like, no econ, very high level understanding of like, what's going on at any given moment. But I think that like the cool thing with the planet money Tic Tok is it does feel sort of, like really accessible and easy to understand with, like, very little background. So like, just kind of curious, like, how you see people responding, and then like, the type of thing that you either tried to create for them, or like maybe see doing better with, like, the community that you have on Tik Tok?

Jack

I think like, the thing we're going for, at least, like what I'm going for so much, it's like, when the Gamestop thing happened, it was like, people were like, I watched like, 10 videos about this, and I didn't get it until like right now. It's like that kind of thing. It's like, I don't want to like use like a word that is like if like, if I say dividend, I'm not just gonna, like throw out dividend because like, what's a dividend? Like, like, you have to like the fight like, it's just like, I just like wanted to, like appeal to like the, like, not to appeal to, like, just be able to be understood by the most people. I'm just like, I don't know, that was like always, like, I had such an issue. I like I like made like a personal bow. When I was like in stupid film theory class. We just like everyone was writing with these academic papers, and they were just like so grandiloquent, superfluous, insane words. And I'm just like, This is so like, you don't need to, you don't need to do this. I'm like, I'm gonna write, like, the most simple research paper. And so yeah, I don't know, I just have like, a personal hatred towards using really big words, I just use small words.

Trey

It's also exclusive to like, I think that a lot of people prop themselves up, because they go through this whole education or whatever, finally understand it, and then like, use it to belittle other people by, you know, talking about how much they do know, which I think it's cool that like, you are taking these concepts that really, a lot of people should understand, they are very important to us on an individual level, and explain them simply using, you know, language we all understand and know.

Jack

I can explain them simply just because, like, they're not that complicated. Like most of it, it's just not that complicated. It's just like the way that like, it's traditionally shown or like, I'm like a very, like visual learner. So it's like, I need like, you know, pictures, like circles shapes. So like it works with me. But yeah, I'm sorry, I interrupted.

Trey

No. Do you have an example though? Something like, maybe a Tik Tok you made that was a pretty complicated concept. I'm doing air quotes here that you were able to just like, hey, let's add some lasers and shapes and like, explain this easily.

Jack

The most, like dense thing that I hit was modern monetary theory, which is like weirdly, it's like I was so convinced that it's like a huge a huge topic. And like I had tried to make the video so for so long, and it just like wasn't working and every time like I worked on a script that just got longer and longer, and then eventually Tik Tok did that thing where they like they're like, videos don't have to be a minute they can be like 3 minutes now, and I was like, okay, all right. Now's my chance. And so it's just like I made like an entire like, I don't even know why it was like there's gonna be like a medieval thing like a Dungeons and Dragons type like scenario. Which like doesn't even doesn't even really like fit. doesn't really fit like the theory there. Yeah, it's but like, yeah, it's like a It was like the longest it was the longest Tik Tok we've made, I think. And like probably the densest and also and I was like when I was posting it, I'm like, they're gonna they're gonna hate me for this like this is it this is it. They're all gonna say why would you do this? But that was like our most viewed video. So it's like, I dont know.

Eli

So I'm just so just so I'm clear real quick. So like, modern monetary theory is like, the idea that the government doesn't need to worry about debt. Is that like a really reductive way to think about it? Or like repaying it? Or did I completely whiff on that show? I just watch the video.

Jack

I think, I think I can't be any more productive than the video just because like, I tried to reduce it so much. Every single video I try and reduce to like the point where it's like, if I take out one more thing, it's like, I'm really, I'm really, I don't know, I'm like, I'm cutting it close. Um, yeah. Or like, Let me think about another answer. That might be denser, I think, yeah, I think just

Trey

Maybe while you look for it, I just want to like get something off my chest.

Jack

Yeah shoot.

Trey

What really annoys me and like boils my blood is all of the people that work as bankers specifically. And they spend their entire day trading money or investing or whatever as their job. But maybe they're super low on the like, rung. And they, whenever you meet these people, they invariably tell you, like, you have to invest in this thing and open this kind of account. And, like, I'm like, the only reason you know this is because your entire personality is built around like money as an interest versus like having an personality. And the way you're talking about what I should do to like hack, my personal finances is so infantilizing that it but I'm also on the flip side of that like, but please tell me more like which account should I open? What's what Bitcoin should I buy? Like?

Jack

No like exactly, it's like, I didn't think like moving in. I didn't think like, I really what I was finding, I felt like every single video I'd watch about economics, they were trying to sell me something. Um, if not, like an ideology, like, like, actually, like, sell a stock. And like you just like, you don't have to be like, on a team to like to like, like, appreciate, like, understand or like, yeah, just like think about economics. It's like, you can go you can approach it in like a way that's just like, I'm like looking at this from like, like, I'm not like I'm a third party. I'm just like watching. I'm watching. I'm watching it all unfold. And it's like, this is interesting.

Trey

You have to be impartial too?

Jack

Do I have to be impartial? Yeah, well, I Yeah. Yeah. I think Yeah.

Trey

Like, I know that. I know that you're never recommending you know, what a viewer should undertake? Or do you're more just recommending they understand some basic concepts, hopefully. But is there ever a point where you're like, Oh, I wish I could just tell people invest on a stock or like,

Jack

Oo, no, no, no, no, no, no, no.

Eli

Trey. Come on now.

Jack

I've never. I've yeah, no.

Eli

Yeah. What insider information are you holding?

Jack

Yeah. Oh, yeah. The nonprofit public radio sector comes to us first.

Eli

How he brought down an empire. Clara, go ahead.

Clara

Oh, no, I mean, I guess I'm just curious, again, like, I would sort of put myself as like a non money person, like Eli can attest to the fact like, it took me many months to like, successfully pay my credit card bill on time. And like, as someone sort of, like, from the background that you're coming from, like, you have a background in film, and you've kind of alluded to this like is what makes you interested in economics and in doing the planet money Tik Tok really, this sort of like simplifying the content and making it accessible to more people in these really creative ways are like, have you unlocked more appreciation from the or like, for the economy, sort of in the process of doing this? Because I think like, for someone like me, and I'm sure for many people, it's like, does not necessarily screen this is going to be a joy to learn more about. So I'm sort of like, curious about what joy you have found in it, if any, and kind of like what keeps you excited about finding like, random, different theories and stuff that nobody's heard of, and like making them feel fun?

Jack

Yeah, I think I like I was definitely like, in the same boat. About, yeah, like, this doesn't seem like a joy to learn about, like, I thought, like, you know, like, when I started, I was like this, like, you know, the stock market circuit breaker. Like, that was funny. Like, but like, that's like, the only thing and like, now I'm gonna have to, like do things about like, what's inflation? Um, and then I just like, I don't know, like, the more I learned, the more I realized, like, it's all kind of just like that. It's like, like, there's like there's so many things that are just like, what like, it's like timeout. It's like there's like there's like a timeout or there's like what like I don't I'm gonna go back to like my early ones just like, like I made like one about J Crew like, like, I don't like Shell companies. And it's like, this is just like the entire thing the entire time. It was just like, Wait, this is like legal, um, and it's just like, like, it's there's just like bizarre let's just like bizarre stuff going on out there. Um, that yeah, I don't know, it's just like it's not it's not all like dollar signs. It's mostly just like, I don't know, like interesting, interesting conflict.

Eli

It's almost a lot of it almost feels like maybe this is getting too deep it feels like so boring as to distract you from how like insidious a lot of the stuff is, if that makes it so boring, like complex maybe, like Shell companies in Delaware like I saw that like, who is going to really take the time to understand that but it's like such a key aspect of like, a lot of the like shadow banking system and how companies are able to get away with like, offshoring their taxes or stuff like that, like these are things people should know, but they make it like, they as an I don't know, textbooks macro, like econ class or the FT like, so complex in my mind. And yours like a year like your contents more like, like a cold glass of water from like a lukewarm cup of tea.

Jack

It's like, like, yeah, like hiding it like behind like, like, there's something crazy going on. But like, when you read about it, you're like this, like, all these words are boring. Um, no, but like, yeah, fully, it's like, I don't know, it's like, I just try and like, I try and capture like, yeah, that immediate, like, gut reaction when like, I understand, like, what is really going on? Like, with, like a certain story, or like, what, like, kind of, like, human element is in play? Um, and I just like, yeah, just try and capture that. I think that was like, my, in film, I was just, like, always making like, experimental things. And they were just, like, experimental just to be like, experimental. And like, weird because I was, like, annoying. But like, I guess, like, with, with, like, with the point of my techtarget I found that like, you know, it's like, you can do like that in service of like, illustrating like, an idea. Like, you can kind of like, yeah, you can you can, you don't have to just be like, weird. You can, you can show like, how other things are weird in a weird way. Like, yeah, like that was I think early on. I was like, I was like, yeah, it's like, we want to I want to make a video that is as weird as this concept. Everyone's like, the videos are so weird. It's like no, concept is.

Clara

And I guess I'm curious about like, what made you interested in it also, because I feel like so much conversation is going on right now around like social first news, I'm doing quotes. And you know, like, you brought up the Washington Post and like, I think a bunch of other sort of like, legacy media publications are like starting to launch their own Tik Tok or like, invest for and these platforms and like, I think something that like the planet money Tik Tok does do really well is kind of like putting making things feel fun and not like dumbed down just like accessible. And I think that some of the, I mean, not to name names, like some other sort of quote, unquote, social first news, like, can feel pretty joyless. And I feel like I'm just curious, do you see any of that, like, kind of coming back to the account? Like, how is is there like community in the comments, like, do people get excited for the videos? Like, have you seen sort of, like, how have you seen that community grow? I guess, since you first started the account.

Jack

I think what just like was seemed obvious to me was that if we're gonna be on Tik Tok, like, you're gonna make like, Tik Toks. Like, you're not just gonna make like vertical videos that are like, under 60 seconds. Like, you're gonna, you're gonna make a Tik Tok like, you're gonna understand, like, what like, the, the platform is all about, like, the beats like that usually happen in a Tik Tok, like the kind of tone, the kind of like, what just like words you use, where things go in the video, or like, yeah, it's, you don't want to like spend too long because then it's like, oh, so polished. And people are like, how long did this take? Or like, you can spend a lot of time on it as long as you like, make it look like like mine like janky. So they're not like, well, this is like overproduced. It's like now, so I can film this as an iPhone. Obviously. It's a good that's not a green screen. That's a green bedsheet. Um, yeah, it's just like, Yeah, I think approaching it like it is. Like it's not. Yeah, it's not anything else. It's just Tik Tok.

Trey

But have you noticed any like, community things going on, like people say like, oh, my god missed you. Or like, Oh, you must must be super richn Jack, like, tell us.

Jack

Community things. I don't know. I don't even know what that means. Really? I think

Trey

Like, do you have fans?

Jack

Yeah.

Trey

Tell us about them.

Jack

They're they're nice they're all very nice.

Trey

Do you love your fans?

Jack

Yeah. As long as they don't say creepy things to me. Yeah. Yeah, they rock. Those ones, right? Yeah. Um, everyone's like, yeah, everyone's like really positive in like the comment sections. It's like, I think that's like another cool thing that I know, it's certainly not the case with like, like, Tik Tok can be like, kind of like, hostile insurgency and like, yeah, the comment sections are not always great. Like, if there's one about like, crypto, it's like, oh, that comment section vitriolic, or like, or like when one of the Tik Toks got like, taken, got, like, reposted onto like our side wall street bets. Oh, my God. I haven't heard it insults like that. since like middle school. It was like, That was insane.

Eli

Yeah, well, those those guys are like, worrying in many different ways. Like,

Jack

Oh, no, I don't know. Yeah, I guess that's as much as I have the community, I kind of had to like stop looking.

Eli

So you talked about kind of tying each video back to like, like, you won't cover something unless it ties back to like a larger subject, which you're interested in covering? Like, there's, there's a lot going on in you know, the current news cycle right now, as it relates to the wider economy, whether it's runaway inflation, whether it's like all eyes on Jerome Powell, or FTX, or supply constraints, etc. Or even like the union negotiation that Biden's in right now, like a what is something that's like, I guess, what is the most important story about the economy right now or that people should know? And maybe I shouldn't even say the economy because it feels like such a broad, like, word, but like, what's the most important story that you think people should be paying attention to right now?

Jack

I think just base like, out of all of that. Yeah, there's like, so much going on right now. Um, but like, yeah, I think the, like, the one that I'm working on right now, like, out of all of those is I'm doing something like about like this, about like, yeah, like interest rates, I think, like, the, like, we've sort of talked about them in the past, but like, it's just, I don't know, it's like, it's a mechanism that is just, I feel like I've heard since like, I was so young. I've heard like, oh, fed raising interest rates, and it's like, I just don't like, I just didn't know what it means. I was just like, I the joke is that like, when my interest rate goes down, I lose interest. Like, I get I get bored. Um, so maybe the video will go up before this does. Yeah, so that's what I'm I think like, that's, like, that's, that's, that's what I think is is worth covering or like is easiest for me to cover. There are some big topics that just seemed like too big sometimes.

Eli

Yeah, I mean, the interest rate one is an advanced first of all, I don't want to make myself sound like an idiot on on here either. But I feel like the interest rate one is interesting, too. No pun intended, because I feel like a lot of the conversation has been around like how much an unelected body can have influence over like, general like economic sentiment and the availability of money. And I feel like people are like, wait, wait, wait, like the power that this person has to like completely tank a like market or something is, like outsized? I don't know. I'm curious to see the video because I'm sure again, you will do a far better job of like, explaining this, but I agree. That's like certainly something I've also seen, like, bubble up to the top.

Jack

Yeah, it's like, it's like who is deciding this and then also, like, who is deciding like, when like a recession like officially begins? It's like another like, there's another like body? There's a great planet money episode, like four months ago about that. About yeah, I think who decides when a recession happens? But beyond like in all of those different topics that Eli rattled off with the FTX implosion, and like the Biden second, we know all this stuff. Are you feeling generally, like hopeful about the economy slash our generation? Or what? Where do you stand there? Or do you like delete the Tik Tok app and like, get out of the way? Like head in the sand vibe? I feel I feel hopeful. I think I feel like ever since downloading Tik Tok. I felt like more hopeful because I keep on like seeing like, what like young young people like be like very, very smart and very cool and very creative. And like that, like to me like that's, that's great to me. That's cool. I don't know like overall like economic hopefulness. I can't say one way or another, but like, I don't know, I think yeah, some people are like. Oh, those next generations I'm like, excited. Or like there's they're smart.

Trey

Yeah.

Eli

So where can where can our listeners and or eventually viewers find you

Jack

On at Planet money on Tik Tok. I'm at Jack Corbett Jack Corbett, the French on that, that's that's Instagram and then on Twitter. It's Jack Corbett's. It spelled wrong, because that's like the phonetics. Um, yeah. So yeah, follow me. Follow me drop a follow. I only really tweet I don't do anything else.

Eli

Well smash that follow button. Well, thanks so much for taking the time today. I really appreciate it.

Jack

Oh, thank you guys so much.

Trey

It was fun!

Eli

Yeah and don't forget to subscribe to Day One FM as well.

Jack

Let me do that right now.

Eli

There you go plus one, plus one on the board