The Money - Podcast

The Money - Podcast

Australia

The Money is a weekly 30 minute program that explains how the Australian economy and everything in it works, and how this all connects to the global economy.

Episodes

Australia's great game of mates  

Imagine you're playing a game. When you win, you make money. After a while you realise that there's a way of playing that makes you a lot more. It depends on you helping others and doing favours for friends, so you get a psychological reward as well as a monetary one.

On the street where you live - money does grow on trees  

How much do you notice the trees in your street? There might not be any or you might think of them more as a danger, a nuisance. Or they might be glorious, something that you love about where you live, something that makes you want to get outside and enjoy life.

Price check: food and groceries  

How often do you go to the supermarket? Once a week, once a fortnight, every day?

On Prescription: What the Pharmaceutical Benefit Scheme costs and how it could be better  

If you get a few scripts filled at the chemist it can start to feel expensive but you're still only paying part of what those drugs actually cost.

Not just about the book: the economics of libraries  

Which Australian institution do we spend more than a billion dollars a year on, and generates three times that value in the economy?

The last goodbye: the economics of funerals  

Death is the great taboo in our society. We don't like to talk or think about it. But we do have an ancient ceremony for it - the funeral.

Money: it's personal—more secret than sex  

It's one of the great paradoxes of money: we want it, but we don’t want others to know how much we have. But not all cultures consider it 'vulgar' to talk about money.

Money: it's personal—it's not easy being rich  

It goes without saying that there are huge pluses in having plenty of cash. But there’s also a darker and more difficult side to this gilded world.

Money: it's personal—love and money  

They say arguing over money early on in a relationship is one of the predictors of divorce. Can two people who have very different ideas about finances manage to stay under the same roof?

Money: it's personal—the piggybank years  

How do our childhood experiences shape adult attitudes to money? And how do today’s 20-somethings manage money, from credit card debt to who pays on a date?

How a hit is made: the economics and psychology of pop culture  

How does a song become a number one? Or a book become a best seller? Or a school of painting become the dominant artistic movement? People all over the world are trying to make a hit but how do you do it and what part does luck play? These are questions Derek Thompson asks in his new book and he's the hit of this week's episode of The Money.

We need to talk about residential aged care  

The economics of leaving home late in life are difficult to manage, whether it's into a retirement village or residential aged care, there are lots of emotions and equations to sort through.

Have we reached Peak Avocado?  

Three decades ago avocados really only featured in Australian households in the form of a prawn cocktail. Things started to change at the turn of the century and Australians now each more avocados per head than any other English speaking country.

Rethinking economic expertise  

Listen to the news or pick up the paper and you'll be faced with economics. Housing prices, wage stagnation, interest rates... it's everywhere. But is it good enough?  An insurgency within the discipline says it isn’t.  Begun by university students, who feel the discipline is too narrow and too reliant on models that don't always work, they want economics to be more connected to the real world.  They’ve formed an organisation calling for change - Rethinking Economics.

Economic clusters: how they work and what they're good for  

Governments around the world are trying to create business clusters to grow their economies.

Economics of scams  

History is full of cons, grifts and scams. You think we'd learn but we never do, and you think that until it happens to you. Scams are on the increase because the internet enables economies of scale and greater sophistication.

Soothes roads, eases congestion: can a tax improve the traffic?  

Car culture is part of the Australian psyche but it’s having a huge effect on our cities.  Congestion delays us by millions of hours a year and costs us tens of billions in lost productivity. 

The economics of immigration  

Australia's population is not far from 24 and a half million. It's growing at a shade under 350 thousand a year, of which almost 190 thousand is immigration. At this rate, by mid century we'll be at least 40 million.

Economics of Fashion  

Fashion is big business. Trillions and trillions of dollars and growing. But a lot of the money is wasted. Clothes are now so cheap many are hardly worn before they're thrown out. And then there are the environmental costs and labour conditions many garment makers still endure.

How money messes with you  

Money affects all of us in sneaky ways. Having too much makes us less empathetic. Having too little makes us less smart.  There’s a difference between what we say about rich people and what we feel.  And winning the lottery can make you very unhappy indeed. What money does to us on this week's episode of The Money

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