I tripped across yet another indication that Planet Money fails to properly understand banking, this time in Episode 525 on a Babysitting Economy. ( The problem? )

Damn, but I am getting tired of correcting them here. I write them directly, but suspect that their letters get dumped. Haven't heard a damned thing, even when I'm absolutely right.

Here's the wrongness in all its indignity. It's a small wrongness, but significant. Why ( Read more... )

The Planet Money blog mentioned the new iPhone 5 coming out soon, and quoted a note from someone at JPMorgan. The claim, according to Planet Money:

The JPMorgan note seems very mathy and precise. It starts with the full cost of the new phone, subtracts the value of the imports in each phone (imports are subtracted from economic growth numbers) ( Read more... )

Just this morning I just heard the latest This American Life-Planet Money episode dealing with money, "The Invention of Money". And just this morning I heard the reporters getting tantalizingly close to actually explaining how our monetary system works, but blowing it at the primary mechanism, yet again. They have yet to personally understand the ( Read more... )

Dear Mr. Davidson,

Let me congratulate you for your role in producing the best financial news for laypeople, I think, available on the podcasting web. I've been listening to your Planet Money podcast now since pretty much its inception. Your award-winning This American Life collaboration "The Giant Pool of Money" explained more of the current ( Read more... )