Bonus: Janet Yellen on Wait Wait...Don't Tell Me!

Episode Summary

The podcast features Janet Yellen, the Secretary of the Treasury and former Federal Reserve Chair, as a guest on NPR's weekly news quiz show "Wait Wait...Don't Tell Me!". Host Peter Sagal interviews Yellen about her job responsibilities, her experience trying marijuana in college, and her skill at the mobile game Candy Crush. Yellen explains that as Treasury Secretary, she is responsible for financing the cumulative US budget deficits and managing the national debt. When asked about rising inflation, she jokes "not my fault, that's the Fed's job." Sagal brings up a story he heard about Yellen overpreparing to smoke marijuana for the first time in college. She explains that she had never smoked before and wanted to practice inhaling, so she bought cigarettes to smoke in preparation. This led to a decade-long smoking habit before she was finally able to quit. The conversation then turns to Yellen's enthusiasm for mobile games. She shares that she first got hooked on Brick Breaker on her Blackberry before discovering Candy Crush. Though initially skeptical of the game, she now plays at a very high level, having reached over 6,000 levels. Yellen jokes that reports of her being an internationally ranked Candy Crush player are not true. In exclusive outtakes played just for Planet Money listeners, Yellen is asked about being served psychedelic mushrooms at a state dinner in China. She confirms the story but says the mushrooms were properly cooked and she did not notice any psychedelic effects. Comedian Dulce Sloan also asks Yellen why Harriet Tubman is not yet featured on the $20 bill. Yellen promises she is "working on it" and it will happen soon.

Episode Show Notes

Our friends at NPR's news quiz Wait Wait...Don't Tell Me! recently had a very Planet Money guest on their show: Treasury Secretary Janet Yellen. They asked her about smoking pot, her extremely high scores in Candy Crush, and when to expect the Harriet Tubman $20 bill.

Today, we're sharing an excerpt of that episode with you, along with some exclusive questions just for Planet Money listeners.

You can listen to the full show and subscribe to Wait Wait...Don't Tell Me! wherever you find your podcasts.

Help support Planet Money and get bonus episodes by subscribing to Planet Money+ in Apple Podcasts or at plus.npr.org/planetmoney.

Episode Transcript

SPEAKER_03: This message comes from NPR sponsor Shopify, the global commerce platform that helps you sell and show up exactly the way you want to. Customize your online store to your style. Sign up for a $1 per month trial period at Shopify.com slash NPR. This is Planet Money from NPR. SPEAKER_00: Hey everyone, Sarah Gonzalez here with a teaser for another NPR show because it has a very Planet Money type of guest and we thought you might enjoy it. Our regular Planet Money episode will still show up as usual on Wednesday, but NPR's news quiz, wait, wait, don't tell me, got Secretary of the Treasury and former Federal Reserve Chair Janet Yellen to take their Not My Job quiz. They've shared that segment with us along with a few exclusive outtakes just for Planet Money listeners. I'm not gonna spoil it, but it does involve her shocking skill at Candy Crush, possibly taking Psychedelic Mushrooms and Harriet Tubman on the $20 bill. Here's host Peter Sagal and panelists on NPR's Wait, Wait, Don't Tell Me. SPEAKER_07: And now the game we call Not My Job. Janet Yellen is a preeminent economist, a former chair of the President's Council of Economic Advisors and Chair of the Federal Reserve and is now the 78th Treasury Secretary of the United States. That means she signs all of your dollar bills and fun fact, she gets to read all your Venmo receipts. Secretary Yellen, welcome to Wait, Wait, Don't Tell Me. Thank you. SPEAKER_05: Thank you Peter, thank you very much. SPEAKER_07: So it's a great honor to have you here. I know you were in Chicago to speak to the Economic Club, but we have some questions that I don't think those business leaders might have had for you, such as what is it exactly that you do? Because honestly, I don't know. We just assume that you write the checks like when we buy a missile. I honestly don't. SPEAKER_06: That is one of our responsibilities. Really? And we've borrowed now $34 trillion and it's our job at Treasury to finance those cumulative deficits and to make sure that our debt is safe and liquid and attractive to Americans and all around the world. SPEAKER_07: All right, more questions about your job. Inflation, was that you? Not me, are you kidding? Not my fault. No, no, not you. That's the Fed's job. SPEAKER_06: SPEAKER_07: That used to be you. SPEAKER_07: Now we wanted to get a little bit back into your background. We were told that one of your secrets to your success is that you always over prepare, including a story we heard about how you prepared to smoke dope for the first time in college. Yeah. Can you please inform us how you prepared for that particular challenge? SPEAKER_06: Well, you know, I had never smoked marijuana before. It was the summer before I was going to college and my roommate said she hid some marijuana and we should have a party and smoke marijuana. This of course was this renowned party school Yale. SPEAKER_06: Well, you know, I worried about that because I had never smoked anything in my life. You know, as you said, I liked to be prepared. I always try to prepare when I can. And I thought, how can I prepare for this experience? Well, why don't I buy a pack of cigarettes and try to smoke them and see if I can inhale because I was told you can't really enjoy marijuana unless you inhale. SPEAKER_00: SPEAKER_06: So I bought a pack of cigarettes. I started smoking them. Oh, horrible. It was a horrible experience. I couldn't inhale. I was coughing. I thought, well, I'm not prepared. I have to work harder at this. SPEAKER_06: So I bought some more cigarettes and all week preparing for this party, I smoked cigarettes. Well, then I went to the party, had some smoked a couple of marijuana cigarettes, but I never did that again. But you know what happened to me was within a couple of months, I was up to three packs a day as a smoker. SPEAKER_00: SPEAKER_02: Really? Wow. It took me a decade to quit. SPEAKER_07: Is that why President Obama invited you to join his Council of Economic Advisors? He had someone to sneak out back of the Oval Office and you know. Well, I quit. SPEAKER_06: You quit. He can quit. SPEAKER_07: We are also reliably informed that among your enthusiasms, in addition to a macroeconomic policy is mobile games. SPEAKER_06: There is some truth in that. There's some truth in that. SPEAKER_07: Okay, specifically, in case everybody wants to know, Candy Crush. SPEAKER_06: Yes, well, Candy Crush is a new game I've taken up only a year or so ago. It started when I had a Blackberry, if anybody still remembers what they are. SPEAKER_06: And they had a game called Brick Breaker and I'd never really used my phone to play games, but I started becoming addicted to Brick Breaker on my Blackberry. SPEAKER_06: And actually, somebody was writing a book about me and they heard that I was interested in games and had played a game. They said, did you play Candy Crush? And I go, Candy Crush? Are you kidding? I wouldn't play a game like Candy Crush. I played Brick Breaker and I won. SPEAKER_07: But, wait a minute, you were like, a woman of my distinction played Candy Crush? Oh no, Brick Breaker is the only game that we've got. Something as silly as Candy Crush. SPEAKER_06: Please, please, don't you know who I am? SPEAKER_06: And then, exactly. And then I thought, well, you know, maybe I should just look and see what the thing is. Sure, what's the arm? Have a puff, you're not gonna get addicted. I'm not gonna get addicted. You know, I'll just play a couple of levels. Sure. See what it's like, these candies, you know, that you're breaking up with bombs and things like that. Yeah, this morning I hit level 6,180. Yeah. SPEAKER_02: Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. Yeah. SPEAKER_07: Yeah. Yeah. I'm assuming that's good. Yeah. Yeah. Somebody said you're actually internationally ranked, which I find hilarious. Is that true? That is not true. That's not true, okay. You're not getting recruited by professional candy crush. Do you have a secret for candy crush? SPEAKER_02: You have marijuana cigarettes. Yeah. If he gets stuck, it always helps. SPEAKER_06: I know, yeah. SPEAKER_00: That was Wait, Wait, Don't Tell Me with Janet Yellen. After the break, the outtakes, where Secretary Yellen gets put on the spot about why Harriet Tubman is not on the $20 bill yet. SPEAKER_02: Wayfinders is a nonprofit that partners with the Mass Mutual Foundation to increase financial resilience. CEO Keith Ferry explains why building social capital is just as critical as financial capital. SPEAKER_01: Everyone's got a network, but sometimes the networks are very limited. It's about expanding those opportunities, expanding those interconnections in the community so that people can see beyond where they are to the goals that they're trying to achieve. SPEAKER_02: Visit massmutual.com slash foundation to learn more. This message comes from Apple Card. It gives you unlimited daily cash back that can automatically grow over time when you open a savings account. A high yield, low effort way to grow your money with no fees. Apply for Apple Card in the wallet app on iPhone. Apple Card subject to credit approval. Savings available to Apple Card owners subject to eligibility. Apple Card and savings by Goldman Sachs Bank USA, Salt Lake City branch, member FDIC, terms apply. SPEAKER_00: We're back with more from Wait, Wait, Don't Tell Me's interview with Janet Yellen. We've got a few questions they asked her that didn't make it into the final version of their show, but we are going to share them here exclusively for Planet Money listeners. In this segment, it is host Peter Segal, and you'll also hear from panelist Dulce Sloan. SPEAKER_07: There was another thing that happened. We actually mentioned it on this show where you were in China at a state dinner or an official dinner of some kind, and the story was that they served you a dish that involved psychedelic mushrooms. Yes. Right. Did that in fact happen? And if it did, well, how was your trip? Well, we had a great trip, of course. SPEAKER_07: You had a great trip, of course. The mushrooms were great. Fabulous trip. SPEAKER_06: So we went out to dinner after arriving at a restaurant that serves Yunanese food. And the person from our embassy who recommended this restaurant, there were about a dozen of us, and he ordered all of the dishes for a table. And there were some delicious mushrooms. SPEAKER_06: We went home, had our meetings. Next thing I knew in Chinese social media, it appeared that I had been to this restaurant. SPEAKER_06: First, they said that we had ordered poisonous mushrooms. They said, but they're poisonous only if they're not cooked properly. And of course they were cooked properly. SPEAKER_06: But then later it turned out it wasn't that they were poisonous, it's that they're psychedelic unless they're cooked properly, which they were. SPEAKER_06: Before I knew it, this was at news. Before you were naked lying in the roof of your building. SPEAKER_07: Wow. SPEAKER_02: Well, we had great meetings with the Chinese. SPEAKER_06: I don't think that was part of it, SPEAKER_06: but the mushrooms were good. We didn't notice any. SPEAKER_07: I'm just imagining after that dinner saying, you ever thought about the fact that money is just really paper? SPEAKER_04: What? SPEAKER_07: Dulce Sloan would like to ask you a question. SPEAKER_05: Uh-oh. Hi, money lady. Howdy. I have just one simple question. I have here a $20 bill. How come Harriet Tubman's face isn't on it? SPEAKER_07: Whoa. SPEAKER_05: I'm working on it. I'm gonna have that happen. SPEAKER_07: All right. SPEAKER_07: Promise. We've been waiting. I did it! SPEAKER_07: I fixed it. Me! You did it. It's gonna happen. Thanks to you. Give me the first one. SPEAKER_05: Thanks to you, Dulce. In the next term, we'll all be calling 20s tubbies. SPEAKER_07: Janet Yellen is the Secretary of the Treasury of the United States of America, and among the top 2% of players globally, Uncanny Crush. Secretary Yellen, we are so honored to have you with us. Thank you so much. Thank you very much. Thank you. Secretary Janet Yellen, everybody. Give it up for her. SPEAKER_00: That was Secretary of the Treasury Janet Yellen on NPR's weekly news quiz show, Wait, Wait, Don't Tell Me. Go listen to the full segment, including Janet Yellen taking the not my job quiz on last week's Wait, Wait, Don't Tell Me. We've put a link to listen and subscribe to that in our show notes. And stay tuned this week for more regularly scheduled Planet Money coming Wednesday. I'm Sarah Gonzalez. This is NPR. Thanks for listening. SPEAKER_03: This message comes from NPR sponsor, Capella University. With Capella's FlexPath learning format, you can earn your degree online at your own pace and get support from people who care about your success. Imagine your future differently at capella.edu. SPEAKER_02: This message comes from NPR sponsor, Viore, a new perspective on performance apparel, clothing designed with premium fabrics, built to move in, styled for life. For 20% off your first purchase, go to viore.com slash NPR. SPEAKER_04: How do you do? 23 years ago, the US set out on one of the most ambitious environmental projects ever attempted. To wind back the clock and make the Everglades function like it once did. The plan could have given Florida a 20 year headstart on climate change, but that didn't happen. Listen to WLRN's Bright Lit Place from NPR.