4.6 • 29.8K Ratings
🗓️ 19 December 2019
⏱️ 23 minutes
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0:00.0 | I was talking the other day with Dean Carlin. He is an economist who has studied why people donate money. |
0:05.6 | And as we were talking, he mentioned this sort of Econ 101 question that is useful in thinking about this. |
0:11.8 | The question is, when we're far away from home and eating out, why do we leave a tip? |
0:16.8 | Why would you ever pay? I don't live in this area, I don't have to worry about this waiter, you know, |
0:22.5 | spitting in my food the next time I come. |
0:25.2 | But of course, we do tip, even when we'll never be back again. And Carlin says, we tip for a pretty straightforward reason. |
0:32.1 | If I don't pay, I feel like crap, if I pay, I still can't with myself. |
0:37.6 | I was talking to Carlin about this because now is the time of year when we ask you for money. |
0:42.8 | You don't have to pay to listen, but a lot of people who listen to Planet Money do pay. |
0:47.3 | They donate to NPR, not because they have to, but because it makes them feel good. |
0:51.9 | So if you can spare a few bucks, please go to donate.npr.org slash Planet Money. |
0:58.6 | Thanks very much. |
1:00.2 | This is Planet Money from NPR. |
1:03.4 | For decades, Ron Palmer kept a secret from his colleagues. |
1:11.5 | This secret. |
1:12.3 | The reason why I got the name Ron, Ronald, was because my grandmother was madly in love with Ronald Reagan. |
1:20.9 | That'd be back when Ronald Reagan was a movie star. |
1:23.5 | But the reason Ron Palmer hid this fact professionally was because of what happened about 40 years later. |
1:31.2 | Ladies and gentlemen, the president of the United States. |
1:34.2 | This speech is from August 3, 1981. |
1:37.2 | Fade in gentlemen, I have a statement which will be made available to you, but which I will read for the audio media. |
1:44.8 | It was a Monday morning and Ron Palmer remembers watching this. |
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