KING: Jacob Goldstein, author of the book "Money: The True Story Of A Made-Up Thing." A small group of people and you're all hanging out and making things and working together. First, let me say that Planet Money does excellent reporting. And, you know, eventually, what happens sometimes when you can make money out of paper is you make too much paper money. It's like Planet Money in book form.

How about if the paper money is just paper and we all agree to use it as money?

Fast forward a few years and Gimlet sells to Spotify for hundreds of millions. Jacob Goldstein. In his new book, "Money: The True Story Of A Made-Up Thing," he writes that money is a shared fiction. You could go to the other end of the spectrum.

Sep. 29, 2020: Quebec on COVID-19 red alert, Future of performing arts in Canada, Former FBI agent Peter Strzok on Russia, the election and Trump’s finances. The storylines are not cohesive to me. KING: You know, we tend to look often at money as a moral thing - wanting too much, having too much is bad. Narrated by: Jacob Goldstein; Length: 5 hrs and 37 mins; Release date: 09-08-20; Money AudioBook Summary.

Another one of my favorite podcasts is Startup by Alex Blumberg. What matters is the journalism, not the tax structure of the company.

Earlier in my career, I was a reporter at the Wall Street Journal, the Miami Herald, and the Bozeman Daily Chronicle. I like Jacob Goldstein I like Jacob, Planet Money and the Indicator from NPR. And people in China who had been getting richer, they get poorer. It's 1840, and you're a merchant in Ohio or something, right? The cohost of the popular NPR podcast Planet Money provides a well-researched, entertaining, somewhat irreverent look at how money is a made-up thing that has evolved over time to suit humanity’s changing needs.. Money only works because we all agree to believe in it. Well, you could be a really, really small, like, sort of clan-type self-sufficient society, right?

Law was a gambler and convicted murderer who escaped from prison, brought modern money to France and became incredibly wealthy -- until he destroyed the country’s economy. The amount of cash circulating in the world is actually growing even faster than the economy. Also wrote a book about money. (This might providing an opening for the growth of cryptocurrency.). The other thing, slightly less obvious but interesting, is should you, if you're a merchant, accept the bank note at full face value, or should you say, I'll accept your dollar, but I'll only give you 90 cents' worth of stuff for it, I'll discount the value of it? Not to mention your sound design, writing, editing, but I'm gushing here, and I'm supposed to be asking a question... What do you see as the future funding model for local journalism? When we cover companies that buy underwriting on NPR, we mention that fact in our stories. We all agree to believe that a paper $20 bill or the numbers in my savings account are worth something. Al Sharpton on Donald Trump and a reckoning on race, Could a ‘Covatical’ curb rising COVID-19 cases?, Whisky world faces its #MeToo moment, Oct. 1, 2020: Death of Indigenous woman Joyce Echaquan in Quebec hospital, Road to November: Illinois, manufacturing and bringing back jobs, David Neiwert on Trump saying ‘Proud Boys, stand back and stand by,’ Dispute between doctors and Alberta provincial government. sticks with me every time, money useful, even though money cause some problems. And, you know, it's useful. (Then I had to rewrite it after I went back to work, but that's another story.). Kublai Khan is like, OK, how about this? It seems that online/e-transactions and government seek to kill both. GOLDSTEIN: Shared fiction. When Marco Polo comes back to Europe after seeing this, he is amazed. In addition to answering questions about money, I’m happy to talk about Planet Money, journalism, podcasting, etc. But, ultimately, I guess what I'm asking you is - is money a good thing? And we know this in part from Marco Polo, from other travelers. And you get this amazing proliferation, whereas you said there are, like, 8,000 different kinds of money, which raises some interesting just, like, how-does-that-even-work kind of questions, right? How do you and your co-workers handle stories that deal with companies which fund NPR (e.g. 90.7 Charlotte 93.7 Southern Pines And you know what? It’s called Money: The True Story of a Made-Up Thing, and it comes out today. It comes … There's very little moralizing in your book, which I appreciate.

I’ve been making podcasts and radio stories at Planet Money since 2010. GOLDSTEIN: So that's pretty much off the table. What counts as money (and what doesn’t) is the result of choices we make, and those choices have a profound effect on who gets more stuff and who gets less, who gets to take risks when times are good, and who gets screwed when things go bad. Got back to using... KING: This is my favorite part of the book - literally, my favorite part of the book. The concept of the book is great, and there are a number of good stories, but it seems to be fractured. That’s according to Jacob Goldstein, co-host of NPR’s Planet Money and author of “ Money: The True Story of a Made-Up Thing.” In America, people first used coins, then went to paper money because coins were so heavy to carry. At both the WSJ and NPR, I managed to find a small team within a larger organization -- at the WSJ, I wrote the health blog (remember blogs?). So this was the world for decades of American money.

This actually - as much as I've thought about money, I don't think it ever occurred to me that there wasn't just one single American $1 bill, $10 bill, $20 bill. For some reason, that effect in the intro of the slot machine/coin spinning (?) There are more than 40 hundreds in circulation for every man, woman and child in America! But you've just managed to... KING: You've just managed to nail down the pessimistic part of it. Where is all this money? And more generally, do you think operating as a for-profit company contorts the mission of radio journalism? GOLDSTEIN: He says everybody has to use paper money, you know, upon pain of death. Any predictions on the death of cash?

In my experience of working at a number of places (NPR, WSJ, etc.) Like, you're a merchant, and somebody walks into your store and gives you a piece of paper that says it's from, like, the Waupun Bank in Waupun, Wis., and there's a picture of Santa Claus on it. And then those receipts started turning into money. Let's have everybody who can meet a few rules set up a bank and print their own money.

GOLDSTEIN: Oh, it was so fun, Noel. It certainly feels like cash is going away. You could build a big, complicated society without money if the government was basically taking everything everybody made and deciding exactly who would get what and nobody got to choose what they were going to get. It does the thing it's supposed to do, even though it creates a lot of problems. I just wrote a book called Money: The True Story of a Made-Up Thing. He's like, you won't believe it; in China, everybody uses paper for money. And there is actually this idea of, like, look - we believe in sort of free enterprise and free trade in wheat; let's have free enterprise and free trade in money. Season 1 was a raw account of him leaving NPR to start a for-profit company, largely inspired by his experience with Planet Money and the t-shirt project. JACOB GOLDSTEIN, BYLINE: What happened in China is really amazing. But then there's a revolutionary technology or a talented hustler who changes everything, like a thousand-ish years ago when the Mongol emperor Kublai Khan created the first paper money. His aversion to paying retail has led him to stories on Costco, Spirit Airlines and index funds. Sometimes lots of people get better off for a long time, and then things get worse, and everybody gets poorer. We could have a cashless world where we still have the Federal Reserve and private banks operating basically the way they do now. KING: I was going to say, this is largely an optimistic book. Ira Glass called it “the most stoner question” he had ever posed on the show.

I Am A, where the mundane becomes fascinating and the outrageous suddenly seems normal. Jacob, thank you so much for being with us. Jacob Goldstein, who co-hosts NPR's Planet Money, has spent years fixated on that question. Oct. 12, 2020: How COVID-19 has affected homelessness in Canada, Yaa Gyasi on her new book Transcendent Kingdom, Stuart McLean’s Vinyl Cafe: Morley’s Garden, Canadians turn to canning to save fruits of summer pandemic gardens, Oct. 9, 2020: Road to November: Missouri and making politics work for the people, Bishop Michael Curry on the power of love, New documentary looks at GM closure in Oshawa, Tasmanian devil returns to Australian mainland, Oct. 8, 2020: Harris and Pence face off in U.S. vice-presidential debate, COVID-19’s disproportionate impact on communities of colour in Canada, Growing conflict between Armenia and Azerbaijan, Why recycling efforts don’t save certain plastics from landfill, Oct. 7, 2020: Repatriating Canadians who left to join ISIS, Jacob Goldstein on the history of money, Rona Ambrose on celebrating girls and supporting women in politics, Richard Van Camp on telling stories and staying connected, Oct. 6, 2020: Trump leaves hospital, downplaying COVID-19, Dakshana Bascaramurty on what she learned about living from a dying man, COVID-19 and vaccine hesitancy, Canadian snowbirds deciding whether to fly south or hibernate for winter, Oct. 5, 2020: Personal support workers call for more help supporting the vulnerable, What Trump’s COVID-19 diagnosis means for his health and the election, New Green Party Leader Annamie Paul, Amnesty International says bank account frozen in India, Oct. 2, 2020: National affairs panel on Ottawa's COVID-19 aid package, Rev.

Does it need government support? Jacob Goldstein, who co-hosts NPR's Planet Money, has spent years fixated on that question. Jacob Goldstein is an NPR correspondent and co-host of the Planet Money podcast. Money is the tool that allows us to live between those poles, and I don't see any alternative. The book gathers fascinating accounts about money that go as far back as ancient times, all the way to the birth of cryptocurrency and the latest moves by the Fed. What is Planet Money's take on WSB? And you can think of sort of maybe a spectrum. I feel like that ship has sailed for most on Earth, right? Money is the root of many things, good and evil. So it used to be the case that banks printed their own bank notes.

That’s one of many questions that Jacob Goldstein, co-host of NPR’s “Planet Money” podcast, tackles in “Money: The True Story of a Made-Up Thing,” a … Money isn’t real, but it’s a “useful fiction” that works because people agree to believe in it. NPR’s Planet Money co-host JACOB GOLDSTEIN discusses his new book, Money: The True Story of a Made-Up Thing, which was recorded at a live, virtual Radio Times event last Thursday. In his new book, "Money: The True Story Of A Made-Up Thing," he writes that money is a shared fiction. Thanks. There are long periods in the history of money where not much happens, and Goldstein skips those parts.

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