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Planet Money: The Memecoin Casino

Fri, 28 Mar 2025

Description

Reporter Alexi Horowitz-Ghazi has the story of an unusual website you’ve likely never heard of. A website that has been responsible for rapidly making the world of Dogecoin and other memecoins become even more unhinged, all while generating small fortunes for foul-mouthed children. The Parable of Peanut the Memecoin Support Search Engine To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Audio
Transcription

What is the main topic of this episode?

0.469 - 5.93 Willa Rubin

Hi, Alexi. Hey, PJ. How are you? I'm good. I'm good. I'm enjoying the very beginning of spring.

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6.35 - 18.393 Nick Navis

Yeah, me too. Although I'm already schvitzing. You're schvitzing already? You're schvitzing in mid-March? I don't know what climb my people evolved around, but I still haven't found it yet.

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21.114 - 22.094 Willa Rubin

I'm so sorry to hear that.

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22.254 - 22.834 Nick Navis

Yeah, it's okay.

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23.034 - 43.066 Willa Rubin

Everyone should have at least one season they enjoy. It's true. I'm still in search. This is Alexey Horowitz-Gazy. He's a reporter whose work I very much enjoy. He's also one of the hosts at Planet Money. Does that show need an introduction? They're a long-running, very smart NPR show that explains, week by week, the world of things driven by markets.

44.167 - 64.704 Willa Rubin

So, just a couple weeks ago, we actually did a story with one of your NPR colleagues, Bobby Allen, that was about Doge, the government commission. Yes, the legend. The legend. Today, we're doing a story with you that actually, weirdly, a little bit is like almost lore or backstory to Doge. Like, it's in part about Doge the meme coin.

65.024 - 78.614 Nick Navis

Yeah, it's like about the other branch of the internet butterfly effect of the Doge meme. Who would have thought that that would be the meme that has far-reaching legs into American culture? I know. That changed world history? I didn't expect it.

81.656 - 101.188 Willa Rubin

Yeah, it's funny. I mean, Planet Money, your show, which when we were beginning to pilot Search Engine, we talked a lot about Planet Money and how at its genesis, we were like in the mortgage crisis and everybody was looking for explanation. And Planet Money kind of like arose to make sense of something that needed sense making. I feel like...

102.148 - 110.999 Willa Rubin

We are now entering, once again, a moment in which the economy is both confusing and somewhat terrifying. And it's like, I'm very glad PlanetMoney is here.

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