A beautiful bill, Mamdani's market, and stock subscriptions

episode

Previously titled “A Beautiful Bill, Mamdani's Market, and Stock Subscriptions” — renamed by the publisher on Sep 16, 2026

The Indicator from Planet Money 11 min 5 speakers 3 chapters transcribed 1 day ago
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Transcript generated automatically by AI and may contain errors.

What is the Indicator Quiz and who is the guest on this episode?

Ricky Mulvey 0:01
N P R
Waylon Wong 0:06
This is the indicator from Planet Money, I'm Wayland Wong.
Ricky Mulvey 0:09
And I'm Ricky Malvey, and this is the Indicator Quiz. We test your knowledge of topics that we've been covering on the show, and you, dear listener, can play along too.
Waylon Wong 0:19
Yeah, we're trying to keep your mind sharp in these dog days of summer. And today we have listener Daniel Kane, who works as a professor and just got back from a little vacation. Welcome to the show, Daniel.
Ricky Mulvey 0:32
Thank you.
Waylon Wong 0:32
You're relaxed, you're tanned, you're ready to do this quiz. Yeah.
Ricky Mulvey 0:36
All right, well, today you're going to be playing for your choice of NPR merch.
Waylon Wong 0:40
I actually just went on the website and there's this new line of 90s themed merch that's really exciting and now we have our own indicator t-shirts and like a new line of merch that's just for our show and Planet Money. Very exciting. By the way, all available to purchase on shop.mpr.org. And now I think it's time to play.
Ricky Mulvey 1:02
Coming up after the break.
Unknown 1:06
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Ira Glass 1:36
This is Iraglass. On this American life, we tell stories about when things change. Like for this guy David, whose entire life took a sharp, unexpected, and very unpleasant turn. And it did take me a while to realize that it's basically because the monkey pressed the button. That's right. Because the monkey pressed the button. Surprising stories every week, wherever you get your podcasts.
Waylon Wong 2:03
It is indicator quiz time with our guest, Daniel. And Ricky here is gonna be your helping hand if you need a hint. Okay.
Ricky Mulvey 2:09
That's right. I'm you know, your let's say Zoom a friend. You can zoom me if you need me.
Waylon Wong 2:14
Yeah, or like your teaching assistant, use a college uh college metaphor. Although I guess the the TA doesn't help the professor. The TA helps the students.

What new 90s‑themed NPR merch is being offered to listeners?

Waylon Wong 2:22
If you can forget, if you ask
Daniel Kane 2:23
for advice from your TA, something's probably gone wrong.
Waylon Wong 2:29
All right, let's start with an easy question before heading into some of our other quiz segments. There's a proposal to put President Trump on a new $250 bill. While it's controversial, the show suggests one specific group might find these high value notes very useful. Who is it? Is it A? Travelers looking for more convenient sums of currency to swap on vacation. B. criminals because high denomination bills make it much easier to transport and conceal large sums of money for illicit purposes. C the US Treasury because larger notes are printed sparsely compared to other bills, and thus keeping inflation worries at bay. Or is it D nature preservationists because larger notes means fewer hundred dollar bills get printed and you save?
Daniel Kane 3:22
I I remember this. This would be B.
Waylon Wong 3:24
Ding ding ding. Excellent work. Now this new segment is something we're calling Test Your Terms. It is a series of questions on economic terms, people, or organizations that we've covered in our episodes. Are you, Daniel, ready to test your terms?
Daniel Kane 3:40
Sure.
Waylon Wong 3:41
If you're a grad, you've been navigating a new world of loan repayments. And if you're a future college student, you're gonna face stricter borrowing caps. What is the specific name of the legislation introduced by the Trump administration that changed borrowing and loan repayments? Is it A, the Fiscal Freedom and Capstone Accord, B the Student Debt Erasure Initiative, C the one big Beautiful Bill Act or D, the Higher Education Enablement Amendment.
Daniel Kane 4:12
Well, the third one of those is the only build that I actually recognize and uh Probably is the right one.
Waylon Wong 4:28
Your instincts are correct. It is, in fact, the one big beautiful bill act. Seemingly every legislative change falls under that act. Yeah, well I
Daniel Kane 4:38
guess you need to get things through reconciliation and you can only pass so many bills that way.

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