The Indicator from Planet Money

The US defense industry is struggling to keep up with the revolution in cheap drones vs. expensive reusable military equipment. 

Today on the show, we talk with Stacie Pettyjohn, the director of the Defense Program at the Center for a New American Security on the three big reasons the U.S. is falling behind.

Fact checking by Sierra Juarez.

Your Next Listen 
— How Iran is wasting American resources

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How do residents of the South Side of Chicago feel about their new neighbor: the Obama Presidential Center? A mixture of pride and excitement, tempered with some concerns about what it could do to housing affordability. On today’s show, we’re bringing you an episode from our friends at Code Switch on the new center and its relationship to the historically Black neighborhoods around it. 

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Last month, new Fed Chair Kevin Warsh presided over his first interest rate decision and press conference … but he didn't talk much about maximum employment. 

How much does Kevin Warsh care about the jobs side of the Fed’s dual mandate?

Fact checking by Sierra Juarez.

Your Next Listen 
— Are we in a new era of permanently higher prices?

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During President Donald Trump’s first term, he touted the USMCA as the largest and most fair trade deal ever achieved. So why is he now talking about ‘terminating’ it?

Fact checking by Sierra Juarez.

Your Next Listen 
— Are Trump’s trade deals the real deal?

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If war is so costly, why do we keep fighting them? We dig into the wars in Iran, Ukraine and Gaza to understand the incentives that lead countries into violence. Today on the show, the five factors that lead to war. 

Chris Blattman’s book is Why We Fight: The Roots of War and the Paths to Peace.

Fact checking by Sierra Juarez. 

Your Next Listen 
— The new economic arms race

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