How to Read Economic News Without Spiraling | with Alex Mayyasi

Every time we open a news app, we are hit with a fresh wave of economic dread. But why does the financial forecast always sound like a pending apocalypse, even when the data tells a remarkably stable story? Longtime Planet Money contributor Alex Mayyasi joins host Zachary Karabell to offer a badly needed dose of fresh air to clear out the oppressive nature of recent economic news. Mayyasi and Karabell look at the very human reasons behind our financial panic. Mayyasi explains how Wall Street actively profits from keeping the average person confused, why working class wage increases get reported to the rest of us as frightening inflation, and the psychological strange magic of living through a growing economy with the consumer sentiment of the 2008 crash. They also break down the superstar effect, the true cost of service industries, and why the weekend is an artificial human invention worth protecting. Alex just launched a new podcast about food and economics called Gastronomics visit ⁠https://www.gastronomicspodcast.com/⁠ to check it out! What Could Go Right? is produced by The Progress Network and Kaleidoscope. For transcripts, to join the newsletter, and for more information, visit: theprogressnetwork.org Subscribe to our (FREE) Substack newsletter: https://theprogressnetwork.org/newsle... Follow us on X, Instagram, Facebook, TikTok: @progressntwrk Subscribe to Zachary’s Substack: www.edgyoptimist.substack.com/