{"podcast":{"title":"Smile with Daniel","slug":"smile-with-daniel-7904799","podcast_index_feed_id":7904799,"rss_url":"https://media.rss.com/smile-with-daniel/feed.xml","website_url":"https://www.instagram.com/smilewithdaniel/","image_url":"https://media.rss.com/smile-with-daniel/podcast_cover_20260609_080604_29f16c286804786aa21b84148324d60c.jpg","author":"Smile with Daniel","episode_count":53,"summary":"Every night, Daniel asks his mom a question. Why do we call money \"bucks\"? Why do we get dizzy when we spin? Why do we knock on wood? The answers are always surprising, and a lot more interesting than you'd expect. Smile with Daniel is a short podcast for curious kids and the adults who love them. Real questions. Real answers. No dumbing it down. New episodes every week. Find us @smilewithDaniel everywhere.","last_synced_at":"2026-08-02T04:19:07.455261+00:00","page_url":"https://stenobird.com/podcast/smile-with-daniel-7904799"},"episode":{"title":"What Is Inflation? It's Not Just High Prices","slug":"what-is-inflation-it-s-not-just-high-prices","published_at":"2026-07-13T21:49:35+00:00","page_url":"https://stenobird.com/podcast/smile-with-daniel-7904799/what-is-inflation-it-s-not-just-high-prices","show_page_url":"https://stenobird.com/podcast/smile-with-daniel-7904799","url":"https://rss.com/podcasts/smile-with-daniel/2986598","audio_url":"https://content.rss.com/episodes/390398/2986598/smile-with-daniel/2026_07_13_21_49_27_7ff702f1-e31f-4e2d-9c93-625136cc61a0.mp3","summary":"Daniel keeps hearing the word \"inflation\" on the news. He figures it means prices going up. But something about the way everyone talks about it suggests it's more serious than that. So he asks his mom. And his instinct turns out to be right — inflation isn't just about prices going up. It's about money going down. Specifically, it's about purchasing power — what your money can actually buy. A dollar today buys less than a dollar did twenty years ago. The number on the bill hasn't changed. What you can do with it has. One common reason inflation happens is too much money chasing too few things. If everyone suddenly has more money to spend but the amount of stuff available stays the same, sellers can charge more — and they will. This is exactly what happened during the pandemic. Many people received extra money to help them through a difficult time. But factories were shut down, ships were stuck at ports, and there wasn't enough to buy. Prices rose much faster than people were used to. Mom felt it at the grocery store. At the gas station. In places she hadn't expected. Daniel's first instinct for fixing it — just print less money — turns out to be closer to right than he expected. The actual lever is making money more expensive to borrow. When borrowing costs more, people and businesses spend less. When less money is chasing the same amount of stuff, prices start to stabilize. In the US, that's the Federal Reserve's job — the country's central bank, which manages these levers to keep the economy from overheating or stalling. But here's the part that surprises most people. A little inflation is actually the goal. Not zero. Not negative. Around two percent a year. Because if prices are falling instead of rising — that's called deflation — and deflation sounds great until y…","meta_description":"Daniel keeps hearing the word \"inflation\" on the news. He figures it means prices going up. But something about the way everyone talks about it suggests i…","key_points":[],"chapters":[],"topics":[],"duration_seconds":577,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/smile-with-daniel-7904799/episodes/what-is-inflation-it-s-not-just-high-prices/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/smile-with-daniel-7904799/what-is-inflation-it-s-not-just-high-prices.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}