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Kenny Malone

๐Ÿ‘ค Speaker
1087 total appearances

Appearances Over Time

Podcast Appearances

Planet Money
The laws of the office revisited

And I'm Kenny Malone.

Planet Money
The laws of the office revisited

And there are dozens of these laws or rules or principles or whatever you want to call them.

Planet Money
The laws of the office revisited

So, yeah, this episode originally ran in 2018, and we just love this episode.

Planet Money
The laws of the office revisited

It is one of those where once you hear these laws, you're going to see them everywhere.

Planet Money
The laws of the office revisited

You cannot help it.

Planet Money
The laws of the office revisited

And again, the way to get that is to pre-order the Planet Money book at planetmoneybook.com.

Planet Money
The laws of the office revisited

Oh, we were all babies, Sarah.

Planet Money
The laws of the office revisited

We had so much energy.

Planet Money
The laws of the office revisited

So much energy.

Planet Money
The laws of the office revisited

Hello.

Planet Money
The laws of the office revisited

Hi, is this Professor Goodhart?

Planet Money
The laws of the office revisited

Yep, speaking.

Planet Money
The laws of the office revisited

And you are Professor Goodhart of Goodhart's Law.

Planet Money
The laws of the office revisited

I am indeed.

Planet Money
The laws of the office revisited

Do you proudly wear that moniker?

Planet Money
The laws of the office revisited

Slightly mixed feelings.

Planet Money
The laws of the office revisited

Mm-hmm.

Planet Money
The laws of the office revisited

And about 50 years ago, Charles Goodhart wrote a paper about monetary policy that included in the introduction a fateful little line.

Planet Money
The laws of the office revisited

Okay, hard to understand.

Planet Money
The laws of the office revisited

But he was making a very narrow point about how measuring one tiny slice of the economy seems to mess up that slice of the economy.