What the Economy Is (and Isn't)

What is the economy, really? In this episode, we discuss the intricate maneuvering of goods, services, and decisions that shape our world. We'll unravel the myths, explore how government policies influence markets, and examine why inflation and wage growth often leave us feeling conflicted. Along the way, you'll discover that economics isn’t simple math—it’s human behavior, culture, and choices all rolled into one big, fascinating puzzle. Tune in to see how your morning coffee connects to the vast web of economic activity!RecommendationsAbraham: Alien: Romulus (https://www.20thcenturystudios.com/movies/alien-romulus) Shane: The Shining (Book; https://stephenking.com/works/novel/shining.html)Holidays for 12/18/24:Arabic Language DayBake Cookies DayFlake Appreciation DayInternational Answer the Telephone Like Buddy the Elf DayInternational Migrants DayNational Ham Salad DayNational Twin DayNational Wear a Plunger on Your Head DayChristmas Bird Count WeekCookie Exchange WeekDrive Sober or Get Pulled Over (Winter Enforcement)Gluten-Free Baking WeekSaturnaliaLinks and References: https://www.investopedia.com/terms/e/economy.asphttps://youtu.be/2YULdjmg3o0?si=B_SvNG8vMFDkddMLhttps://www.investopedia.com/economy-4689801https://globalpeoservices.com/top-15-countries-by-gdp-in-2024/https://www.investopedia.com/gdp-growth-by-president-8604042https://youtu.be/2YULdjmg3o0?si=8ohYgtoD73w1fQQOhttps://ocw.mit.edu/courses/14-03-microeconomic-theory-and-public-policy-fall-2016/pages/instructor-insights/common-misconceptions-about-economics/https://www.sbsun.com/2021/10/20/the-3-indicators-of-economic-well-being-and-what-they-really-tell-us/https://www.npr.org/transcripts/1197965022Become a supporter of this podcast: https://www.spreaker.com/podcast/why-we-do-what-we-do--3419521/support.