121. The Q2 Economy Update w/ Alex Restrepo

Why does a meal at McDonald's cost $20 when economic indicators suggest everything is fine? Join us as we bring back our capitalist correspondent, Alex Restrepo, to address this perplexing disparity. We kick off the episode by debunking common myths about money, like the outdated belief in the gold standard, and explain why money is essentially an abstraction. Alex lays the groundwork by tackling fundamental economic principles, putting the confusing reality of high prices into context. From...