Why are we still buying diamonds?

09/22/23 • 58 min

4 Listeners

They’re shiny rocks that we’ve somehow agreed embody romance and eternity. But diamonds, it turns out, are not as rare as we think. And these days, they can be made in a lab. So why do we continue to spend so much money on them? This week, the story of a century-long, international scheme. And the story of how it fell apart.

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Previous Episode

Why’s it so hard to figure out how many people watch Stranger Things?

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Next Episode

Where did the 8 billion dollars go?

This week, the story of former crypto wunderkind Sam Bankman-Fried. The government alleges he stole over eight billion dollars from the customers of the crypto exchange he started, FTX.

Our question ... how do you blow eight billion dollars? Investigative financial reporter Zeke Faux helps us answer our question.

Be sure to check out Zeke's book, Number Go Up: Inside Crypto's Wild Rise and Staggering Fall. If you'd like to support the show, head to our newsletter: pjvogt.com.

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