Robert Smith

The Beautiful Indicator

Jun 25, 2018

Everyone's caught up in World Cup fever, and Team Indicator is not immune. Today on the show: Cardiff, Stacey, and the gang sneak out of the office and set up shop in an Irish pub to explore the many ways in which the world's largest sporting event neatly explains the modern economy.

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In 1992, Douglas Bruce proposed a measure called the Taxpayer's Bill of Rights, TABOR for short. TABOR was effectively a tax-limitation measure that said, whenever a government wanted more money — whenever it wanted to increase taxes — it had to put the question on the ballot. Increased taxes for roads? The voters would get to decide. Better schools? Put it on the ballot. But put the price there first.

Note: This show originally ran in 2015.

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Most people go to the fair to ride the Tilt-A-Whirl or eat funnel cakes, but not our Planet Money team. Robert Smith and Kenny Malone traveled to the Ohio State Fair to learn the secret art of selling people things they might not need.

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This part two of a two part series. Listen to part one here.

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